-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IclOqPG4FjFt40QfBeasWj8jet9Zpjf59UyrKMsoY/x/GqYr3qOxlb0GxrSDyD1I liITEKPhH8Rv7Cak5iNclg== 0000912057-99-010875.txt : 19991230 0000912057-99-010875.hdr.sgml : 19991230 ACCESSION NUMBER: 0000912057-99-010875 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991213 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WILSHIRE FINANCIAL SERVICES GROUP INC CENTRAL INDEX KEY: 0001024321 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 931223879 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-21845 FILM NUMBER: 99782478 BUSINESS ADDRESS: STREET 1: 1776 SW MADISON STREET CITY: PORTLAND STATE: OR ZIP: 97205 BUSINESS PHONE: 5032235600 MAIL ADDRESS: STREET 1: 776 SW MADISON ST CITY: PROTLAND STATE: OR ZIP: 97205 8-K 1 FORM 8-K 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): December 13, 1999 WILSHIRE FINANCIAL SERVICES GROUP INC. (Exact name of registrant as specified in its charter) DELAWARE 0-21845 93-1223879 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1776 SW Madison, Portland, OR 97205 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (503) 223-5600 Item 5. Other Events. On December 13, 1999, the Registrant entered into an agreement with Wilshire Real Estate Investment Inc. ("WREI"). The principal terms of that agreement are (i) WREI released the Registrant from the remaining balance of and all other obligations under the 6% convertible pay-in-kind notes previously issued by the Registrant to WREI, and (ii) the Registrant transferred to WREI 992,587 shares and options to purchase 1,112,500 shares of WREI's common stock. Item 7(c). Exhibits. 99. Settlement Agreement dated as of December 10, 1999, by and among Wilshire Real Estate Investment Inc., on behalf of itself and its affiliates, Andrew A. Wiederhorn, Lawrence A. Mendelsohn and Wilshire Financial Services Group Inc., on behalf of itself and its affiliates (incorporated by reference to Exhibit 99.1 of Wilshire Real Estate Investment Inc.'s report on Form 8-K filed with the Commission on December 17, 1999). INDEX TO SCHEDULES AND EXHIBITS Exhibit Number Description 99. Settlement Agreement dated as of December 10, 1999, by and among Wilshire Real Estate Investment Inc., on behalf of itself and its affiliates, Andrew A. Wiederhorn, Lawrence A. Mendelsohn and Wilshire Financial Services Group Inc., on behalf of itself and its affiliates (incorporated by reference to Exhibit 99.1 of Wilshire Real Estate Investment Inc.'s report on Form 8-K filed with the Commission on December 17, 1999). 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 hereunto duly authorized. Date: December 28, 1999 WILSHIRE FINANCIAL SERVICES GROUP INC. -------------------------------------- Registrant /s/ Glenn J. Ohl --------------------------- Glenn J. Ohl CHIEF FINANCIAL OFFICER -----END PRIVACY-ENHANCED MESSAGE-----