FIRST NATIONWIDE HOLDINGS INC
8-K/A, 1998-03-06
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                     SECURITIES AND EXCHANGE COMMISSION 
                           Washington, D.C. 20549 
  
  
  
                                FORM 8-K/A-1 
  
                        C U R R E N T   R E P O R T 
  
  
  
                   Pursuant to Section 13 or 15(d) of the 
                      Securities Exchange Act of 1934 
  
  
                                February 4, 1998               
              -------------------------------------------------
              Date of Report (Date Of Earliest Event Reported) 
  
  
                       FIRST NATIONWIDE HOLDINGS INC. 
            -----------------------------------------------------
           (Exact Name Of Registrant As Specified In Its Charter) 
  
  
                                   Delaware                   
                ---------------------------------------------
               (State Or Other Jurisdiction Of Incorporation) 
  
  
  
              33-82654                        13-3778552            
     ------------------------      --------------------------------
     (Commission File Number)      (IRS Employer Identification No.) 
  
                            35 East 62nd Street 
                         New York, New York  10021          
            ---------------------------------------------------
            (Address Of Principal Executive Offices) (Zip Code) 
  
                             (212) 572-8600                      
            ----------------------------------------------------
            (Registrant's Telephone Number, including Area Code) 
  
  
                               NOT APPLICABLE                      
       -------------------------------------------------------------
       (Former Name Or Former Address, If Changed Since Last Report) 
  
                                       

  
 ITEM 5.   OTHER EVENTS. 
  
           This Current Report on Form 8-K/A-1 amends the Registrant's
 Current Report on Form 8-K, dated as of February 4, 1998 and filed with the
 Securities and Exchange Commission on February 17, 1998, through the
 inclusion herein of revised analyst presentation materials, which are
 attached as Exhibit 99.4 to this Current Report on Form 8-K/A-1 and are
 incorporated by reference herein. 
  
           This Current Report on Form 8-K/A-1 and the exhibits hereto
 contain forward looking statements with respect to management beliefs,
 estimates, projections, assumptions and the financial condition, results of
 operations and business of First Nationwide (Parent) Holdings Inc. and
 Golden State Bancorp Inc. (and their respective subsidiaries) and, assuming
 the consummation of the Mergers, a combined Golden State Bancorp Inc./First
 Nationwide (Parent) Holdings Inc., including statements relating to the
 cost savings and accretion to cash earnings that are expected to be
 realized from the Mergers, the pro forma assets and deposits of the
 combined company and the restructuring charges expected to be incurred in
 connection with the Mergers.  These forward looking statements involve
 certain risks and uncertainties.  Factors that may cause results to differ
 materially from those contemplated by such forward looking statements
 include, among others, the following possibilities:  (1) expected cost
 savings from the Mergers cannot be fully realized or realized within the
 expected time frame; (2) revenues following the Mergers are lower than
 expected; (3) competitive pressure among depository institutions increases
 significantly; (4) costs or difficulties related to the integration of the
 businesses of First Nationwide (Parent) Holdings Inc. and Golden State
 Bancorp Inc. and their respective subsidiaries are greater than expected;
 (5) changes in the interest rate environment reduce interest margins; (6)
 general economic conditions, either nationally or in the states in which
 the combined company will be doing business, are less favorable than
 expected; (7) legislation or regulatory changes adversely affect the
 businesses in which the combined company would be engaged; or (8) the
 respective goodwill lawsuits of Glendale Federal Bank and California
 Federal Bank are not finally resolved in the time frames expected by the
 parties, or a final resolution of either or both of such lawsuits does not
 result in a net recovery or results in a net recovery that is less than
 that anticipated by the parties. 

  
 ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL 
           INFORMATION AND EXHIBITS 
  
           The following exhibits are filed as part of this report: 
  
 2.1       Agreement and Plan of Reorganization, dated as of February 4,
           1998, by and among First Nationwide (Parent) Holdings Inc., First
           Nationwide Holdings Inc., First Gibraltar Holdings Inc., Hunter's
           Glen/Ford, Ltd., Golden State Bancorp Inc. and Golden State
           Financial Corporation* 
  
 99.1      Stock Option Agreement, dated as of February 4, 1998, by and
           between Golden State Bancorp Inc. and First Nationwide (Parent)
           Holdings Inc.* 
  
 99.2      Litigation Management Agreement, dated as of February 4, 1998, by
           and among Golden State Bancorp Inc., Glendale Federal Bank,
           Federal Savings Bank, California Federal Bank, A Federal Savings
           Bank, Stephen J. Trafton and
           Richard A. Fink* 
  
 99.3      Joint Press Release, dated February 5, 1998* 
  
 99.4      Analyst Presentation Materials** 
  
  
  
      *    Included as an exhibit to the Registrant's Current Report on Form
           8-K dated as of February 4, 1998 and filed February 17, 1998. 
  
      **   Incorporated by reference to Amendment No. 1 to Golden State
           Bancorp Inc.'s Current Report on Form 8-K, dated as of February
           4, 1998 and filed on March 5, 1998.

  
                                 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 hereunder duly authorized. 
  
  
 Dated:  March 6, 1998 
  
  
                          FIRST NATIONWIDE HOLDINGS INC. 
  
  
                          By:  /s/ Glenn P. Dickes     
                               Name:   Glenn P. Dickes 
                               Title:  Vice President



                               EXHIBIT INDEX 
  
 Exhibit 
 Number              Description 
  
 2.1                 Agreement and Plan of Reorganization, dated as of
                     February 4, 1998, by and among First Nationwide
                     (Parent) Holdings Inc., First Nationwide Holdings Inc.,
                     First Gibraltar Holdings Inc., Hunter's Glen/Ford, Ltd.
                     Golden State Bancorp Inc. and Golden State Financial
                     Corporation* 
  
 99.1                Stock Option Agreement, dated as of February 4, 1998,
                     by and between Golden State Bancorp Inc. and First
                     Nationwide (Parent) Holdings Inc.* 
  
 99.2                Litigation Management Agreement, dated as of February
                     4, 1998, by and among Golden State Bancorp Inc.,
                     Glendale Federal Bank, Federal Savings Bank, California
                     Federal Bank, A Federal Savings Bank, Stephen J.
                     Trafton and Richard A. Fink* 
  
 99.3                Joint Press release, dated February 5, 1998* 
  
 99.4                Analyst Presentation Materials** 
  
  
  
  
      *    Included as an exhibit to the Registrant's Current Report on Form
           8-K dated as of February 4, 1998 and filed February 17, 1998. 
  
      **   Incorporated by reference to Amendment No. 1 to Golden State
           Bancorp Inc.'s Current Report on Form 8-K, dated as of February
           4, 1998 and filed on March 5, 1998.





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