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: February 26, 1997
Seafield Capital Corporation
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(Exact name of registrant as specified in its charter)
Missouri 0-16946 43-1039532
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(State of other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
2600 Grand Ave. Suite 500
P. O. Box 410949
Kansas City, MO 64141
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(Address of principal executive offices) (Zip code)
(816) 842-7000
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(Registrant's telephone number, including area code)
Item 5. Other Events
On February 26, 1997, the Registrant issued the following news
release:
"Seafield Capital Corporation (Seafield) announced today that it has
converted a $23.5 million Response Oncology, Inc. (Response) note and
accrued interest thereon into Response common stock. The note was
converted at $8 per share, resulting in 3,020,536 additional shares of
Response owned by Seafield. Seafield now owns 8,077,392 shares of
Response, or approximately 67% of Response shares outstanding. The
conversion will increase Response's shareholders equity to
approximately $62 million, and combined with Response's NationsBank
credit facility, should place Response in a solid financial position
to pursue the growth of its oncology services.
With the conversion of the note having been completed, Seafield is
exploring a possible distribution to its shareholders of all of its
Response shares in the second quarter of 1997. However, Seafield
expects that any distribution would be made only pursuant to a
Registration Statement filed with and declared effective by the
Securities and Exchange Commission."
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 officer.
Seafield Capital Corporation
Date: February 27, 1997 By: /s/ Steven K. Fitzwater
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Steven K. Fitzwater
Vice President, Chief Accounting
Officer and Secretary
