<PAGE>
================================================================================
UNITED STATES
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
September 1, 2000
____________________________
Date of report (Date of earliest event reported)
ASSISTED LIVING CONCEPTS, INC.
(exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>
NEVADA 1-13498 93-1148702
____________________ ____________________ ____________________
<S> <C> <C>
(State or other jurisdiction Commission File Number (I.R.S. Employer
of incorporation or organization) Identification Number)
</TABLE>
11835 NE Glenn Widing Drive, Bldg E, Portland, OR 97220-9057
_________________________________________________________________
(Address of Principal Executive Offices) (Zip Code)
(503) 252-6233
_________________________________________________________________
(Registrant's telephone number, including area code)
Not Applicable
_________________________________________________________________
(Former name or former address, if changed since last report.)
================================================================================
<PAGE>
ITEM 5. OTHER EVENTS.
Settlement of Class Action Litigation
On September 5, 2000, Assisted Living Concepts, Inc. (the "Company")
announced that it had reached an agreement with respect to the class action
litigation stemming from the restatement of its financial statements for the
years ended December 31, 1996 and 1997 and the first three quarters of fiscal
1998.
The following, which collectively set forth the terms and conditions of the
settlement, have been filed as exhibits to this Current Report on Form 8-K and
are incorporated herein by reference:
. Press Release of the Company dated September 5, 2000.
. Transcript of Proceedings in the United States District Court for the
District of Oregon, Lead Case No. 99-167 (the "Transcript of Proceedings"),
setting forth the settlement agreement, dated September 1, 2000.
. Memorandum of Understanding, dated July 3, 2000, referred to in the
Transcript of Proceedings.
. Letter dated August 29, 2000, as amended, from Max Berger to John
Patterson, referred to in the Transcript of Proceedings.
Receipt of Approximately $1.9 million from U.S. Bank
On Wednesday, September 6, 2000, the Company received a payment of
$1,921,610.49 from U.S. Bank National Association ("U.S. Bank"). The
Company disclosed in its Report on Form 10-Q for the quarterly period ended
June 30, 2000 that it expected U.S. Bank to release approximately $1.8
million of cash collateral then held by U.S. Bank upon the satisfaction of
certain conditions. The payment from U.S. Bank represented the release of
such cash collateral in the amount of $1,805,200, plus accrued interest of
$116,410.40.
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) and (b) None.
(c) The following documents are furnished as Exhibits to this Current
Report on Form 8-K pursuant to Item 601 of Regulation S-K:
99.1 Press Release, dated September 5, 2000.
99.2 Transcript of Proceedings in the United States District Court
for the District of Oregon, Lead Case No. 99-167, dated September
1, 2000.
99.3 Memorandum of Understanding, dated July 3, 2000.
99.4 Letter dated August 29, 2000, as amended, from Max Berger to
John Patterson, referred to in the Transcript of Proceedings.
<PAGE>
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.
ASSISTED LIVING CONCEPTS, INC.
By: /s/ Sandra Campbell
----------------------------
Name: Sandra Campbell
Title: Secretary
Date: September 7, 2000
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DOCUMENT DESCRIPTION
99.1 Press Release, dated September 5, 2000.
99.2 Transcript of Proceedings in the United States District Court
for the District of Oregon, Lead Case No. 99-167, dated
September 1, 2000.
99.3 Memorandum of Understanding, dated July 3, 2000.
99.4 Letter dated August 29, 2000, as amended, from Max Berger to
John Patterson, referred to in the Transcript of Proceedings.
