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) February 15, 1995
BANYAN HOTEL INVESTMENT FUND
(Exact name of Registrant as specified in its charter)
Delaware 1-9043 36-3361229
(State of or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
One Penn Plaza, Suite 1531, New York, NY 10119
(Former Address: 150 S. Wacker Drive, Suite 150 Chicago IL) (60606)
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 983-4782
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ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS
On February 15, 1995, Norman M. Gold, Gerald L. Nudo and Marvin A.
Sotoloff (the "Directors") submitted their respective resignations as
Independent Directors of Banyan Hotel Investment Fund (the "Registrant") which
was effective immediately. The Directors' resignations were submitted as a
result of a change in control of the Registrant pursuant to the closing of the
sale of shares of stock in the Registrant on February 15, 1995 to Mr. Harvey
Polly pursuant to a Purchase Agreement dated August 3, 1994 as amended, as
previously reported.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits: Letters of Resignation
Norman M. Gold
Gerald L. Nudo
Marvin A. Sotoloff
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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 duly authorized.
Date: February 22, 1995 BANYAN HOTEL INVESTMENT FUND
(Registrant)
By: /s/ Harvey Polly
Harvey Polly
Its: Chief Executive Officer
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NORMAN M. GOLD
150 South Wacker Drive
Suite 2900
Chicago, IL 60606
RESIGNATION
TO: Banyan Hotel Investment Fund
BMC Santa Barbara Corp.
BHF Merger Corp.
I hereby resign as a Director of each of Banyan Hotel Investment Fund, a
Delaware corporation; BMC Santa Barbara Corp., an Illinois corporation; and BHF
Merger Corp., an Illinois corporation, effective February 15, 1995.
Sincerely,
/s/ Norman M. Gold
Norman M. Gold
Dated: February 15, 1995
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GERALD L. NUDO
150 South Wacker Drive
Suite 2900
Chicago, IL 60606
RESIGNATION
TO: Banyan Hotel Investment Fund
BMC Santa Barbara Corp.
BHF Merger Corp.
I hereby resign as a Director of each of Banyan Hotel Investment Fund, a
Delaware corporation; BMC Santa Barbara Corp., an Illinois corporation; and BHF
Merger Corp., an Illinois corporation, effective February 15, 1995.
Sincerely,
/s/ Gerald L. Nudo
Gerald L. Nudo
Dated: February 15, 1995
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MARVIN A. SOTOLOFF
150 South Wacker Drive
Suite 2900
Chicago, IL 60606
RESIGNATION
TO: Banyan Hotel Investment Fund
BMC Santa Barbara Corp.
BHF Merger Corp.
I hereby resign as a Director of each of Banyan Hotel Investment Fund, a
Delaware corporation; BMC Santa Barbara Corp., an Illinois corporation; and BHF
Merger Corp., an Illinois corporation, effective February 15, 1995.
Sincerely,
/s/ Marvin A. Sotoloff
Marvin A. Sotoloff
Dated: February 15, 1995
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