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
November 24, 1995
Date of Report
KAHLER REALTY CORPORATION
(Exact name of registrant as specified in its charter)
Commission File Number 0-24714
Minnesota 41-1784272
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
20 SW 2nd Avenue, Rochester MN 55902
(Address of principal executive offices) (Zip code)
(507) 285-2700
(Telephone number, including area code)
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Item 5. Other events
The Registrant announced on November 24, 1995 that Montgomery Securities has
been retained as financial advisor to assist the Registrant's Board of
Directors in exploring the strategic alternatives available to enhance
shareholder value. As one alternative, the Registrant is presently
considering a public sale of its shares simultaneously with its conversion to
a real estate investment trust; in conjunction with this alternative,
Montgomery would become the leader of the underwriting group. As other
possible alternatives, the Registrant with Montgomery's assistance, will also
explore a possible sale of part or all its assets as well as continued
operation of the Registrant in its present corporate form. A copy of the
Registrant's press release dated November 24, 1995 is attached hereto as
Exhibit 20 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(b) Exhibits.
20 Press Release, dated November 24, 1995.
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.
Kahler Realty Corporation
By: Harold W. Milner By: Steven R. Stenhaug
Harold W. Milner Steven R. Stenhaug
President, CEO Senior Vice President-Treasurer
December 4, 1995
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EXHIBIT INDEX
Exhibit No. Description Page No.
20 Press Release, dated November 24, 1995 4
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Exhibit 20
KAHLER REALTY CORPORATION
20 Second Avenue SW Rochester MN 55902
NEWS
For Release: November 24, 1995
For Further
Information Contact: Mary Schmidt 507/285-2707
MONTGOMERY SECURITIES TO JOIN KAHLER UNDERWRITING
WILL ALSO EVALUATE STRATEGIC ALTERNATIVES
Rochester, Minnesota...Kahler Realty Corporation announced today that
Mongtomery Securities has been retained as financial advisor to assist
Kahler's Board of Directors in exploring the strategic alternatives
available to enhance shareholder value. As one alternative, Kahler is
presently considering a public sale of its shares simultaneously with its
conversion to a real estate investment trust; in conjunction with this
alternative, Montgomery would become the leader of the underwriting
group. As other possible alternatives, Kahler, with Montgomery's
assistance, will also explore a possible sale of part or all its assets
as well as continued operation of Kahler in its present corporate form.
507/282-2581 Fax 507/285-2789
