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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 27, 2000
Service Corporation International
(Exact name of Registrant as Specified in Its Charter)
Texas 1-6402-1 74-1488375
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1929 Allen Parkway
Houston, Texas 77019
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (713) 522-5141
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Item 5. Other Events.
On July 27, 2000, Service Corporation International (SCI) announced the
signing of a definitive agreement to sell its wholly owned insurance company,
American Memorial Life Insurance Company (AMLIC). Pending customary regulatory
and other approvals, SCI intends to close the transaction by October 31, 2000.
Under terms of the agreement, SCI will sell AMLIC in a cash transaction
consisting of $200 million at closing and, in part as additional consideration,
enter into a multi-year marketing agreement with the purchaser of AMLIC for the
sale of prearranged funeral contracts exclusively through SCI owned or
affiliated funeral homes and affinity groups.
The agreement referenced above is more fully described in the press
release filed as Exhibit 99.1 to this Current Report on Form 8-K which exhibit
is hereby incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press release dated July 27, 2000 issued by SCI regarding an
agreement to sell an insurance subsidiary and to enter into
a multi-year marketing agreement.
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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.
SERVICE CORPORATION INTERNATIONAL
Date: July 27, 2000 By: /s/ James M. Shelger
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James M. Shelger
Senior Vice President, General Counsel
and Secretary
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
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<S> <C>
99.1 Press release dated July 27, 2000 issued by SCI regarding an
agreement to sell an insurance subsidiary and to enter a
multi-year marketing agreement.
</TABLE>
