FORM 8K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 15(d) of
the Securities Exchange Act of 1934.
Date of Report: October 12, 1995
Fidelity Leasing Income Fund IV, L.P.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
23-2441780 0-16845
(Commission File Number) (IRS Employer Identification No.)
250 King of Prussia Road, Radnor, PA 19087
(Address of principal executive office) (Zip code)
Registrant's telephone number: (610) 964-7102
Page 1 of 4
FORM 8-K
Item 1. Changes in Control of Registrant
On September 27, 1995, Fidelity Leasing Corporation ("FLC"), a
wholly owned subsidiary of FML Leasehold, Inc., a wholly owned
subsidiary of The Fidelity Mutual Life Insurance Company (In
Rehabilitation), and the General Partner of the Registrant,
was sold to Resource Leasing, Inc. ("RLI"), a wholly owned
Delaware subsidiary of Resource America, Inc., a publicly held
Delaware corporation (NASDAQ:REXI). RLI acquired all of the
outstanding common stock of FLC for cash consideration of $1.4
million derived from the capital of RLI.
As general partner of the Registrant, FLC is generally
responsible for managing the Registrant's affairs, except for
certain matters as to which the Registrant's limited partners
have voting rights as set forth in the Registrant's Agreement
of Limited Partnership (primarily related to the sale of the
Registrant's assets for other than cash). FLC holds a 1%
interest in the Registrant and receives certain percentage
interests in the Registrant's revenues and distributions, as
well as reimbursement of certain costs directly related to the
operation of the Registrant as specified in the Registrant's
Agreement of Limited Partnership.
In connection with the acquisition of FLC, RLI appointed the
following persons to serve as officers and directors of FLC:
Freddie M. Kotek - Chairman of the Board & Director
P. Donald Mooney - President & Director
Scott F. Schaeffer - Director
Michael L. Staines - Director & Secretary
Resource America, Inc. is a specialty-finance company
principally engaged in the acquisition, at substantial
discount, of income-producing mortgages. It is also engaged
in the management and operation of energy investments and now,
through the acquisition of FLC, the management of equipment
leasing partnerships.
Item 2. - None
Item 3. - None
Item 4. - None
Item 5. - None
Item 6. - None
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
(c) Exhibits
99. Resource America, Inc. Press Release dated
September 29, 1995
Item 8. - None
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 thereunto duly
authorized.
Fidelity Leasing Income Fund IV, L.P.
Dated October 12, 1995 By: ____________________________
P. Donald Mooney
President
Fidelity Leasing Corporation
(Principal Operating Officer)
FOR IMMEDIATE RELEASE
September 29, 1995
Contact: Michael L. Staines
Senior Vice President
Resource America, Inc.
1521 Locust Street
Philadelphia, PA 19102
(215) 546-5005
Page 1 of 1
_____________________________________________________________
RESOURCE AMERICA, INC.
ACQUIRES MANAGEMENT OF $70 MILLION in EQUIPMENT ON LEASE
Resource America, Inc., (NASDAQ:REXI) (the "Company")
announces its acquisition of the management of approximately
$70 million in peripheral computer equipment leased to
investment grade customers.
Resource America is a specialty-finance company principally
engaged in the acquisition, at substantial discount, of
income-producing mortgages. It is also engaged in the
management and operation of energy investments. This
acquisition increases the assets owned or under management of
the Company to approximately $150 million.
Further, the Company announces that a special meeting of the
stockholders (the "Meeting") will be held on Monday, October
16, 1995 at 9:00 am in the Company's offices in Philadelphia,
Pennsylvania. The purpose of the Meeting will be to consider
and vote on proposals by the Board of Directors to (i) effect
a division of the Company's common stock into Class A and
Class B common stock, and (ii) amend the 1989 Key Employee
Stock Option Plan. As previously announced, only those
holders of the Company's common stock at the close of business
on August 18, 1995 will be entitled to vote.