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
Date of Report (Date of earliest event reported): October 8, 2014
| United Development Funding III, L.P. |
| (Exact Name of Registrant as Specified in Its Charter) |
| | | |
| Delaware | 000-53159 | 20-3269195 |
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| | | |
| 1301 Municipal Way, Suite 100, Grapevine, Texas 76051 |
| (Address of principal executive offices) |
| (Zip Code) |
| |
| (214) 370-8960 |
| (Registrant’s telephone number, including area code) |
| |
| None |
| (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:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On October 8, 2014, United Development Funding III, L.P. (the “Registrant”) issued a press release announcing that it has formed a special committee comprised of independent advisors to evaluate potential strategic alternatives for the Registrant, including (i) a possible sale transaction involving the Registrant, (ii) the possible listing of the Registrant’s units of limited partnership interest on a national securities exchange, (iii) a possible acquisition transaction involving the Registrant and (iv) a possible merger with a publically listed company. There is no set timetable and there can be no assurances that the review process will result in any transaction(s) being announced or completed.
A copy of the press release announcing the foregoing is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| 99.1 | Press Release of United Development Funding III, L.P. dated October 8, 2014. |
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.
| | United Development Funding III, L.P. |
| | | | | |
| | By: | UMTH Land Development, L.P. |
| | | Its General Partner |
| | | | | |
| | | By: | UMT Services, Inc. |
| | | | Its General Partner |
| | | | |
| Dated: October 8, 2014 | | | By: | /s/ Hollis M. Greenlaw |
| | | | | Hollis M. Greenlaw |
| | | | | President and Chief Executive Officer |
EXHIBIT INDEX
| 99.1 | Press Release of United Development Funding III, L.P. dated October 8, 2014. |
