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: August 31, 1995 (August 28, 1995)
CAPITAL ASSOCIATES, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-15525
(State of Incorporation) (Commission File Number)
84-1055327
(IRS Employer Identification No.)
7175 West Jefferson Avenue, Lakewood, Colorado 80235
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (303) 980-1000
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Item 5. OTHER EVENTS
On August 28, 1995, the Registrant issued the press release attached hereto
as Exhibit 99, which is incorporated herein by reference. The press release
announced that the Registrant's Board of Directors has authorized the
repurchase of up to 500,000 shares of the Registrant's common stock from
time-to-time in the open market. The press release also announced that as
of August 28, 1995, the 500,000 shares represent approximately 5% of the
Company's outstanding shares.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99 Press release issued August 28, 1995 by the Registrant
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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.
CAPITAL ASSOCIATES, INC.
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Registrant
Date: August 31, 1995 By:/s/John E. Christensen
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John E. Christensen
Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
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ITEM
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99 Additional Exhibits
Exhibit 99
IMMEDIATE RELEASE: August 28, 1995
Contact: John E. Christensen, Senior Vice President and CFO
Capital Associates, Inc.
(303) 980-1000
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CAPITAL ASSOCIATES ANNOUNCES STOCK REPURCHASE PLAN
LAKEWOOD, COLORADO....Capital Associates, Inc. (CAII-NNM NASDAQ), an
asset management and financial services company, announced today that its Board
of Directors has authorized the repurchase of up to 500,000 shares of Capital
Associates, Inc.'s common stock from time-to-time in the open market. As of
August 28, 1995, the 500,000 shares represent approximately 5% of the Company's
outstanding shares.
"Capital Associates is committed to creating long-term value for its
shareholders," explained Dennis Lacey, President and Chief Executive Officer of
the Company. "The Company has refinanced, significantly improved its financial
position, been profitable for three years and has a growing marketing force, yet
the current stock price does not adequately reflect this improvement."
William B. Patton, Jr., Chairman of the Board, said: "This action by the
Board reflects its confidence in the Company and its future. At current prices,
we believe Capital Associates' stock represents an attractive investment
opportunity for the Company."
Capital Associates, Inc., one of the larger independent leasing
companies in the United States, is principally engaged in (1) buying, selling,
leasing and remarketing new and used equipment, (2) managing equipment on and
off-lease, (3) sponsoring, co-sponsoring, managing and co-managing
publicly-registered income funds, and (4) arranging equipment-related financing.
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