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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
Date of Report (Date of earliest event reported): June 7, 2000
Commission File Number: 0-25878
ILM I LEASE CORPORATION
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(Exact name of registrant as specified in its charter)
Virginia 04-3248637
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(State of organization) (I.R.S. Employer
Identification No.)
1750 Tysons Boulevard, Suite 1200, Tysons Corner, Virginia 22102
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (888) 257-3550
(Page 1 of 3 pages)
Exhibit Index Appears on Page 3
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ITEM 5. OTHER EVENTS
On June 7, 2000, ILM I Lease Corporation (the "Company") received a notice
from ILM Holding, Inc. ("Holding") indicating that, pursuant to the terms of the
existing Facilities Lease Agreement by and between Holding (as lessor) and the
Company (as lessee) dated September 1, 1995, as amended (the "Facilities Lease
Agreement"), the Facilities Lease Agreement would terminate on the date of
consummation of the pending merger of ILM Senior Living, Inc. ("ILM"), an
affiliate of the Company, and Capital Senior Living Corporation ("Capital").
Subject to the satisfaction of certain conditions and the receipt of requisite
approvals, consummation of the merger is expected to occur on or about July 30,
2000.
The term of the Facilities Lease Agreement is month-to-month, and may be
terminated at the election of Holding upon sale of Holding's senior living
communities to a non-affiliated third party. If the merger is consummated, the
Company's operations would not be expected to continue beyond the termination of
the Facilities Lease Agreement. As a result of the termination of the Facilities
Lease Agreement, it is currently expected that the Company would have nominal
value after payment of expenses and other costs, and the Board accordingly would
review the Company's status and continued existence.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not Applicable
(b) Not Applicable
(c) The following Exhibits are filed as part of this Current Report on
Form 8-K:
99.1 Press Release of ILM I Lease Corporation dated June 14, 2000.
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.
ILM I LEASE CORPORATION
By: /s/ Jeffry R. Dwyer
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Name: Jeffry R. Dwyer
Title: President
Dated: June 14, 2000
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EXHIBIT INDEX
Page No.
99.1 Press Release of ILM I Lease Corporation dated 4
June 14, 2000.
(Page 3 of 3 pages)
