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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: 0-25880
ILM II LEASE CORPORATION
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(Exact name of registrant as specified in its charter)
Virginia 04-3248639
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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 II Lease Corporation (the "Company") received a
notice from ILM II Holding, Inc. ("Holding II") indicating that pursuant to the
terms of the existing Facilities Lease Agreement by and between Holding II (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 II Senior Living, Inc.
("ILM II"), 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.
Although the Facilities Lease Agreement, by its terms, is scheduled to
expire on December 31, 2000, it may be terminated earlier at the election of
Holding II upon the sale of Holding II'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 II 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 II 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 II Lease Corporation 4
dated June 14, 2000.
(Page 3 of 3 pages)
