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 13, 1997
Seafield Capital Corporation
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Missouri 0-16946 43-1039532
-----------------------------------------------------------------
(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
-----------------------------------------------------------------
(Address of principal executive offices) (Zip code)
(816) 842-7000
-----------------------------------------------------------------
(Registrant's telephone number, including area code)
Item 5. Other Events
On February 13, 1997, the Registrant issued the following news
release:
"Seafield Capital Corporation (Seafield) announced today that the
Seafield Board of Directors has declared a dividend to its
shareholders of record on February 24, 1997 of all of the outstanding
shares of Common Stock of SLH Corporation (SLH). One share of SLH
Common Stock will be distributed for each four shares of Seafield
Common Stock. Share certificates will be mailed on March 3, 1997.
SLH Corporation is engaged in the business of managing, developing and
disposing of Real Estate and Energy Businesses and Miscellaneous
Assets to be received from Seafield concurrent with the Distribution.
The Seafield Board believes that the separation of the SLH businesses
and assets from Seafield's other core businesses will provide
shareholders and investors with a sharper focus of each of those
investments and will permit SLH to pursue strategies for the
management and development of its relatively illiquid and
developmental assets without conflicting with Seafield's strategies
for its laboratory testing and healthcare businesses.
The Securities and Exchange Commission today declared effective the
Registration Statement of SLH CORPORATION thereby enabling the
distribution to proceed.
There is no current public market for the Common Stock of SLH.
Although it is anticipated that the SLH Common Stock will initially
trade in the over-the-counter market with quotations being published
in the OTC Bulletin Board and the NQB Pink Sheets, there is no
assurance that an active market will develop following the
Distribution.
The Distribution is being made only by means of an Information
Statement. The Information Statement contains information regarding
SLH and the proposed Distribution. Copies of the Information
Statement may be obtained from Seafield or SLH at 2600 Grand
Boulevard, Suite 500, Kansas City, Missouri 64108, (816) 842-7000.
Copies may also be obtained from George K. Baum & Company, Seafield's
financial advisor, at Twelve Wyandotte Plaza, 120 West 12th Street,
Kansas City, Missouri 64105, (816) 474-1100.
THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY ANY SHARES OF THE SLH COMMON STOCK
BEING DISTRIBUTED."
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 19, 1997 By: /s/ Steven K. Fitzwater
---------------------------
Steven K. Fitzwater
Vice President, Chief Accounting
Officer and Secretary
