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 event reported: December 31, 1996
DANIELSON HOLDING CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 1-6732 95-6021257
(State of Incorporation) (Commission File (IRS Employer
Number) Identification No.)
767 Third Avenue, New York, New York 10017
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 888-0347
Exhibit Index is
located on Page 4
Page 1 of 5
Item 2. Acquisition or Disposition of Assets
On December 31, 1996, the Registrant consumated the sale of its trust
subsidiary, Danielson Trust Company ("Danielson Trust") to North American
Fiduciary Services, Inc. ("NAFS"), the parent of North American Trust Company
("NATCO") for a purchase price of $3,000,000.00. The sale was effectuated by the
merger of Danielson Trust into NATCO, with NATCO being the survivor. The
transaction was first announced on October 11, 1996.
Item 7. Financial Statements and Exhibits
A. Exhibits
The following exhibits are filed as part of this report.
10.1 Stock Sale Agreement dated October 10, 1996
between Danielson Holding Corporation and North American
Trust Company
10.2 Assignment and Assumption Agreement and
Acknowledgment dated December 16, 1996 by and between North
American Trust Company, North American Fiduciary Services,
Inc. and Danielson Holding Corporation
10.3 Merger Agreement dated December 31, 1996 by and
among North American Trust Company, North American Fiduciary
Services, Inc., Danielson Trust Company and Danielson
Holding Corporation
Page 2 of 5
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 thereunto duly authorized.
January 8, 1997 DANIELSON HOLDING CORPORATION
By: /s/ David M. Barse
David M. Barse
President
Page 3 of 5
EXHIBIT INDEX
EXHIBIT PAGE
NUMBER DOCUMENT NUMBER
10.1 Stock Sale Agreement dated October 10, 1996
between Danielson Holding Corporation and
North American Trust Company 5
10.2 Assignment and Assumption Agreement and
Acknowledgment dated December 31, 1996 by
and between North American Trust Company,
North American Fiduciary Services, Inc. and
Danielson Holding Corporation X
10.3 Merger Agreement dated December 31, 1996 by
and among North American Trust Company,
North American Fiduciary Services, Inc., Danielson
Trust Company and Danielson Holding Corporation X
Page 4 of 5