UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 20, 2008
CapSource Financial, Inc.
(Exact Name of Registrant as Specified in Charter)
Colorado | 1-31730 | 84-1334453 |
(State or Other Jurisdiction of | (Commission File Number) | (IRS Employer Identification No.) |
2305 Canyon Boulevard, Suite 103 | 80302 |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (303) 245-0515
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 | Entry into a Material Definitive Agreement. |
On June 20, 2008, CapSource Financial, Inc. (“CapSource”) entered into an agreement to sell an 80% interest in its Mexican leasing subsidiary, Rentas y Remolques de Mexico, S.A. de C.V. d/b/a REMEX for $1.2 million (U.S.). The buyer is Analistas de Recursos Globales, S.A.P.I. de C.V. d/b/a ARG. The purchase price is to be paid in two installments: one-half upon the execution of the purchase/sale agreement and one-half approximately 30 days after the execution of the purchase/sale agreement. CapSource will continue to have a representative on the Board of Directors of REMEX after the sale to ARG.
In addition, CapSource’s other Mexican subsidiary, Remolques y Sistemas Aliados de Transportacion, SA de VC, d/b/a as RESALTA, has entered into a contract with ARG to provide certain management services in connection with the operation of the trailer pool owned by the leasing company.
ARG is a subsidiary of Aureos Capital Limited, a leading global private equity fund manager focusing on investments in small- to mid-cap enterprises in emerging markets worldwide. Aureos was established in 2001 as a joint venture between CDC Group plc a UK government-owned fund of funds, and Norfund, the Norwegian Investment Fund for Developing Countries.
Item 2.01 | Completion of Acquisition or Disposition of Assets. |
See Item 1.01, which is incorporated herein by reference.
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.
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| CAPSOURCE FINANCIAL, INC. | ||
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| By: |
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| Name: | Steven E. Reichert |
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| Title: | Vice President and General Counsel |
