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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) APRIL 20, 2000
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SEMELE GROUP INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-16886 36-3465422
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification Number)
200 NYALA FARMS, WESTPORT, CONNECTICUT 06880
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (203) 341-0555
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(Former name or former address, if changed since last report.)
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SEMELE GROUP INC.
FORM 8-K
Page 2 of 3
ITEM 5. OTHER EVENTS
This report on Form 8-K supplements the Registrant's report on Form 8-K filed on
January 6, 2000 concerning the Registrant's December 22, 1999 investment in
Equis II Corporation. As previously reported and pursuant to the terms of a Put
and Call Agreement dated December 22, 1999 between the Registrant and the
selling stockholders of Equis II Corporation, the Registrant had the right to
purchase an incremental 15% interest in Equis II Corporation by issuing 510,000
shares of common stock to the selling stockholders of Equis II Corporation,
subject to approval of the Registrant's shareholders. On March 6, 2000, the
Registrant's shareholders approved the issuance of such shares of common stock.
On April 20, 2000, the Registrant issued 510,000 shares of common stock to the
selling Equis II stockholders as follows:
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<CAPTION>
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NUMBER OF SHARES OF THE REGISTRANT'S COMMON
SELLING EQUIS II STOCKHOLDER STOCK RECEIVED
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<S> <C>
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Gary D. Engle, Chairman & CEO of the Registrant 287,300
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James A. Coyne, President & COO of the Registrant 171,700
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Wayne E. Engle, Trustee, Staci Albury Trust
u/i/t dated July 21, 1998 (1) 12,750
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Wayne E. Engle, Trustee, Kristen Engle Trust
u/i/t dated July 21, 1998 (1) 12,750
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Wayne E. Engle, Trustee, Sydney Peyton Engle Trust
u/i/t dated July 21, 1998 (1) 12,750
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Wayne E. Engle, Trustee, Zoe P. Engle Trust
u/i/t dated July 21, 1998 (1) 12,750
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Total 510,000
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(1) Each a trust for the benefit of one of Mr. Engle's children.
The closing price of the Registrant's stock on the Nasdaq SmallCap Market on
April 20, 2000 was $4.625 per share. Therefore, the total market value of the
510,000 shares common stock issued to the selling Equis II stockholders, as
measured by the Nasdaq closing price on April 20, 2000, was $2,358,750,
representing approximately 3.6% of the Registrant's total assets.
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SEMELE GROUP INC.
FORM 8-K
Page 3 of 3
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Put and Call Agreement dated December 22, 1999 between Gary D. Engle, James A.
Coyne, four trusts for the benefit of Mr. Engle's children and the Registrant,
filed as Exhibit 10.22 with the Registrant's Annual Report on Form 10-K for the
year ended December 31, 1999, is incorporated herein by reference.
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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.
Semele Group Inc.
By: /s/ James A. Coyne Date: May 3, 2000
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James A. Coyne
President & COO
