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.
June 20, 1996
Date of Report (Date of earliest event reported)
BEACON CAPITAL INVESTMENT, INC.
(Exact name of Registrant as specified in its charter)
Delaware 33-45838-C 36-3729989
State of Commission File No. IRS Employer
Incorporation Identification No.
330 East Main Street, Second Floor
Barrington, Illinois 60010
(Address of principal executive offices)
(847) 516-2900
(Registrant's telephone number)
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Item 5. Other Events
In May 1996, the Company filed a Form 8-K to report on the misuse of
$125,000 of the Company's funds by the Company's former president. The
funds were in a bank account of the Company which required the signatures
of two directors in order to remove the funds from such account. On March
13, 1996, the the president (and now former president) of the Company
instructed the bank to wire $125,000 of the Company's funds to an account
personally owned and controlled by the former president of the Company.
The requested amount was wired by the bank to the personal account of the
former president.
Upon learning of the transfer of the funds to the personal account of
the former president, the Company made demand on him for repayment and
made demand on the bank for reimbursement. The former president has not
repaid such funds.
On June 20, 1996, the Company and the bank entered into a Compromise
and Settlement Agreement whereby the bank reimbursed the Company for the
entire amount of $125,000. In consideration thereof, the Company released any
and all claims it might have against the bank and assigned to the bank all of
its claims against its former president. Accordingly, as of June 20, 1996,
the Company's cash position increased by $125,000.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: June 21, 1996 BEACON CAPITAL INVESTMENT, INC.
By /s/ Douglas P. Morris
Douglas P. Morris
President
