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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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) June 2, 1999
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IndyMac Mortgage Holdings, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-8972 95-3983415
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
155 N. Lake Avenue, Pasadena, California 91101
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(Address of Principal Executive Offices) (Zip Code)
(800) -669-2300
Registrant's telephone number, including area code _____________________________
INMC Mortgage Holdings, Inc.
CWM Mortgage Holdings, Inc.
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On May 24, 1999, the Company's Board of Directors approved a strategy to
convert the Company from a real estate investment trust ("REIT") to a taxable
entity, subject to approval of the Company's stockholders. As part of this
strategy, the Board of Directors also directed management to continue to pursue
the Company's previously announced objective of acquiring a depository
institution.
Subject to reaching an agreement with an acquisition candidate and to
regulatory and other approvals, the Company's plan is to acquire a depository
institution early in the year 2000 and to structure the transaction in a way
that would allow the Company to terminate its REIT status at that time without
incurring any retroactive tax obligations. If an acquisition is not consummated
during that time frame, the Company will consider terminating its REIT status on
January 1, 2000, subject to stockholder approval.
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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.
INDYMAC MORTGAGE HOLDINGS, INC.
Date June 2, 1999 By: /s/ Melissa K. Gerard
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Name: Melissa K. Gerard
Title: Senior Vice President
