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): March 2, 1998
SANTA FE FINANCIAL CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
NEVADA
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(State or Other Jurisdiction of Incorporation)
0-6877 95-2452529
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(Commission File Number) (IRS Employer Identification No.)
2251 San Diego Avenue, Suite A-151, San Diego, California 92110-2926
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(Address of Principal Executive Offices) (Zip Code)
(619) 298-7201
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(Registrant's Telephone Number, Including Area Code)
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Item 6. Resignation of Registrant's Directors.
On March 2, 1998, Janice Braly-Nelsen resigned as a director of
Registrant. Ms. Braly-Nelsen's resignation was the result of her desire to
travel more during her retirement and was not the result of any disagreement
with the Registrant on any matter relating to its operations, policies or
practices.
On March 5, 1998, John C. Love was appointed to the Board of Directors of
Registrant to fill the vacancy caused by the resignation of Janice
Braly-Nelsen. Mr. Love is an international hospitality and tourism consultant
based in Orinda, California. He was formerly a partner in the national CPA
and consulting firm of Pannel Kerr Forster. Mr. Love has extensive experience
in hotel development, acquisition and management. He is Chairman Emeritus of
Golden Gate University in San Francisco. Mr. Love also serves as an
independent director of The InterGroup Corporation and has been appointed as
a director of Registrant's subsidiary, Portsmouth Square, Inc.
Item 7. Financial Statements and Exhibits.
No financial statements or exhibits are required as part of this report.
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.
SANTA FE FINANCIAL CORPORATION
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(Registrant)
Date: March 6, 1998 By /s/ John V. Winfield
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John V. Winfield, President,
Chairman of the Board and
Chief Executive Officer
