UNITED STATES
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
Date of report (Date of earliest event reported) July 21, 1999
SECURED INVESTMENT RESOURCES FUND, L.P., III
(Exact Name of Registrant as Specified in its Charter)
MISSOURI 000-18475 48-6291172
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1100 Main, Suite 2100, Kansas City, MO 64105
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (816) 421-4670
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Item 1. Changes in Control of Registrant.
On July 21, 1999, in connection with its consent solicitation statement
filed with the Securities and Exchange Commission (the "SEC") on April 21, 1999
(the "Consent Solicitation Statement"), Nichols Resources, Ltd., a general
partner of the Registrant ("Nichols"), obtained the written consent of limited
partners of the Registrant holding a majority of the issued and outstanding
units of limited partnership issued by the Registrant ("Units") to (i) the
assignment of James R. Hoyt's and SIR Partners III, L.P.'s general partner
interests to Nichols and (ii) the appointment of Nichols as successor Managing
General Partner of the Registrant. Pursuant to the consent solicitation, Nichols
received the consent of limited partners of the Registrant holding 4,877 units
of limited partnership issued by the Registrant ("Units"). There are 9,685 Units
issued and outstanding. As a result, effective as of July 21, 1999, Nichols
acquired Hoyt's and SIR Partners' general partnership interest and is the
Registrant's Managing General Partner.
Nichols is a Missouri corporation, the owner of which is MJS
Associates, Inc., a Missouri corporation ("MJS"). Nichols has three directors:
David L. Johnson, John W. Alvey and Daniel W. Pishny. Christine A. Robinson is
Nichols' President, and Mr. Pishny and Mr. Alvey are Nichols' Vice President and
Secretary/Treasurer, respectively. Nichols was formed on August 22, 1988 for the
purpose of acting as a general partner of public real estate programs and
otherwise investing in and dealing with limited partnerships, property
management and real estate syndications. Currently, Nichols' sole business is
acting as general partner of the Registrant. Prior to January, 1998, Nichols was
a wholly-owned subsidiary of the J.C. Nichols Company. In January, 1998, MJS
acquired all the issued and outstanding shares of common stock of Nichols from
the J.C. Nichols Company. Besides its ownership of stock of Nichols and other
real estate companies, MJS oversees construction relating to the rehabilitation
of properties, but has no employees. David L. Johnson is the principal
shareholder and an officer and director of MJS. For more information regarding
Nichols, please refer to the Consent Solicitation Statement, which is on file at
the SEC's website (www.sec.gov).
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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.
Secured Investment Resources
Fund, L.P., III
Date: July 27, 1999 By: Nichols Resources, Ltd., its
general partner
By: /s/ Christine A. Robinson
Christine A. Robinson
President
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