SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
December 29, 1999
Date of Report (Date of Earliest Event Reported)
STRATFORD AMERICAN CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Arizona
(State or Other Jurisdiction of Incorporation)
0-17108 86-0608035
(Commission File Number) (I.R.S. Employer
Identification No.)
2400 E. Arizona Biltmore Circle, Building 2, Suite 1270, Phoenix, Arizona 85016
(Address of Principal Executive Offices) (Zip Code)
(602) 956-7809
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On December 29, 1999, Stratford American Car Rental Systems, a subsidiary
of Stratford American Corporation, (the "Company") sold its remaining real
estate property for $1,440,000 in cash. The sale price was determined through
arm's length negotiations and was based primarily upon current market values of
similar properties.
The Company had leased the property to Dollar Rent A Car Systems, Inc.
("Dollar") following the sale to Dollar in 1998 of the Company's rental car
business. The ownership and lease management of that property was the Company's
only current activity. The Company plans to use the proceeds from the sale,
together with existing cash from the 1998 sale of the rental car business to
Dollar, in the acquisition of new, unrelated business opportunities.
SAFE HARBOR STATEMENT:
Certain statements contained in this report, including statements regarding
the Company's plan to acquire a new unrelated business opportunity, constitute
"forward-looking statements" within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results to be materially different from
the forward-looking statements. Such factors include, among other things: the
fact that the Company has no significant operations; the risk that the Company
will not be able to complete any acquisitions to re-establish significant
operations; and other risks detailed from time to time in the Company's filings
with the Securities and Exchange Commission.
EXHIBITS
99.1 - Press Release dated December 29, 1999.
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.
Date: January 11, 2000.
STRATFORD AMERICAN CORPORATION
By: \s\ Mel Shultz
-----------------------------------------
Mel Shultz, President
<PAGE>
EXHIBIT INDEX
99.1 - Press Release dated December 29, 1999.
FOR IMMEDIATE RELAEASE
STRATFORD AMERICAN CORPORATION ANNOUNCES SALE OF REMAINING LEASED PROPERTY
PHOENIX, Ariz. - (BUSINESS WIRE) - December 29, 1999 - Stratford American
Corporation (OTC Bulletin Board: STFA) today announced that it has sold its
remaining real estate property for $1,440,000.00 in cash. The Company had leased
the property to Dollar Rent A Car Systems, Inc. ("Dollar") following the sale to
Dollar in 1998 of the Company's rental car business.
The ownership and lease management of that property was the Company's only
current activity. The Company plans to use the proceeds from the sale, together
with existing cash from 1998 sale of the rental car business to Dollar, in the
acquisition of a new unrelated business opportunity.
Contact: Stratford American Corporation
Mel Shultz (602) 956-7809
SAFE HARBOR STATEMENT:
Certain statements contained in this release, including statements
regarding the Company's plan to acquire a new unrelated business opportunity,
constitute "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such forward-looking statements involve known and unknown risks, uncertainties
and other factors that may cause the actual results to be materially different
from the forward-looking statements. Such factors include, among other things:
the fact that the Company has no significant operations; the risk that the
Company will not be able to complete any acquisitions to re-establish
significant operations; and other risks detailed from time to time in the
Company's filings with the Securities and Exchange Commission.
