SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 30, 1997
SOURCE CAPITAL CORPORATION
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(Exact name of registrant as specified in its charter)
Washington 0-12199 91-0853890
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(State or other (Commission - (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1825 North Hutchinson Rd., Spokane, WA 99212
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(Address of principal executive offices)
Registrant's telephone number, including area code: (509) 928-0908
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(Former name or former address, if changed since last report)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
N/A
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
N/A
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
N/A
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
N/A
ITEM 5. OTHER EVENTS
(A) Annual Stockholders' Meeting:
At the annual stockholders' meeting of Source Capital
Corporation, held on April 30, 1997:
Proposal (1) election of directors, Class III
directors Clarence H. Barnes, Robert E. Lee and D.
Michael Jones were reelected to the Board for a term
which expires at the annual meeting of shareholders in
2000. Mr. Maynard Cary, who was a Class III Director,
retired from the Board and did not stand for
reelection.
Proposal (2) ratification of auditors passed,
ratifying Coopers & Lybrand L.L.P. as the Company's
auditors for 1997.
(B) Election of Officers:
At the annual meeting of the Board of Directors held
on April 30, 1997, Alvin J. Wolff, Jr. was elected
Chairman of the Board, D. Michael Jones was elected
President and CEO, James L. Kirschbaum was elected
Executive Vice President, Lester L. Clark was elected
Vice President, Secretary, Treasurer and Chief
Financial Officer and Clarence H. Barnes was elected
Vice Chairman of the Board.
ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS
N/A
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(a) financial statements
N/A
(b) pro forma financial information
N/A
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto daily authorized.
SOURCE CAPITAL CORPORATION
(Registrant)
By: /s/Lester L. Clark
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Title: Vice President, Secretary/Treasurer
Date: May 21, 1997
