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) September 30, 1999
Community Investment Partners, L.P.
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Missouri
- --------------------------------------------------------------------------------
(State or Other Jurisdiction of Incorporation)
814-00083
- --------------------------------------------------------------------------------
(Commission File Number)
N/A
- --------------------------------------------------------------------------------
(I.R.S. Employer Identification No.)
12555 Manchester Rd.
St. Louis, Missouri 63131
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (314) 515-2000
N/A
- --------------------------------------------------------------------------------
(Former Name or Former Address, If Changed Since Last Report)
<PAGE>
Item 2. Acquisition or Disposition of Assets.
Pursuant to the authority granted to it by the vote of its limited
partners on October 4, 1999, Community Investment Partners, L.P. ("Registrant"),
began liquidating its assets, which consisted primarily of publicly-traded
securities, on September 30, 1999. As described in its September 7, 1999 proxy
statement to its limited partners (the "Proxy Statement"), Registrant's
objectives were and are to liquidate its assets and dissolve. To accomplish
those objectives, Registrant has effectuated the following sales:
Dates Securities Sold Sales Price
of Sales
- --------- -----------------------------------------------------------------
9/30/99 - 68,564 shares of Common Stock of Isolyser, Inc. $247,194
11/22/99
9/30/99 - 13,680 shares of Common Stock of Citation Computer
11/11/99 Systems, Inc. 25,857
10/11/99 - 13,070 shares of Common Stock of Intermedia
11/18/99 Communications, Inc. 341,326
11/16/99 - 21,000 shares of Common Stock of Saztec
11/17/99 International, Inc. 8,400
The above-referenced securities (the "Securities") were sold on the
open market at the prices indicated above, which prices reflected the market
prices at the time of the sales. Registrant has no knowledge of, nor any way to
determine, the identity or identities of the ultimate purchasers of the
Securities.
At December 7, 1999, Registrant's remaining assets consist of (1) 6,100
shares of Common Stock of Saztec International, Inc. for which there is an open
order to sell in the same manner as described above; and (2) the remaining right
to receive payments of (a) $48,375 on July 31, 2000 and 2001 from an escrow
account, contingent upon and subject to reduction by any indemnity claims that
Alcon Surgical, Inc. might successfully assert pursuant to the merger of
Innovation Medical Technologies, Inc., a company in which Registrant had
previously invested, with Alcon Surgical, Inc.; and (b) $24,057, payable in 22
quarterly installments of $1,093, contingent upon and subject to reduction by
any indemnity claims that National Vision Associates, Ltd. might successfully
assert pursuant to its purchase of Frame-n-Lens Optical, Inc., a company in
which Registrant had previously invested. Both of the investments and remaining
rights are described more fully in the Proxy Statement. As also described in the
Proxy Statement, Registrant has applied for approval from the Securities and
Exchange Commission to sell these assets to EDJ Ventures, L.P., an affiliate.
2
<PAGE>
SIGNATURE
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
COMMUNITY INVESTMENT PARTNERS, L.P.
MANAGING GENERAL PARTNER
CIP MANAGEMENT, L.P., LLLP
By: CIP MANAGEMENT, INC.,
its managing general partner
By: /s/ Daniel A. Burkhardt
-------------------------------------------
Name: Daniel A. Burkhardt, President
By: /s/ Daniel A. Burkhardt
-------------------------------------------
Name: Daniel A. Burkhardt, General Partner
Date: December 9, 1999
