UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): December 3, 2002
CONSECO, INC.
(Exact name of registrant as specified in its charter)
Indiana 1-9250 35-1468632
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
organization)
11825 North Pennsylvania Street
Carmel, Indiana 46032
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(Address of principal executive offices) (Zip Code)
(317) 817-6100
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(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address,
if changed since last report.)
Item 5. Other Events
Attached as Exhibit 99.1 is a copy of a press release dated November 27, 2002.
Item 7(c). Exhibits.
99.1 Press release of Conseco, Inc. issued November 27, 2002.
99.2 Forbearance agreement relating to 1997 D&O loans.
99.3 Forbearance agreement relating to 1998 D&O loans.
99.4 Forbearance agreement relating to 1998 (non-refinanced) D&O
loans.
99.5 Forbearance agreement relating to 1999 D&O loans.
99.6 Forbearance agreement relating to $1,500,000,000 five-year
credit agreement.
Item 9. Regulation FD Disclosure
In conjunction with certain sales of finance receivables, Conseco Finance Corp.
("Conseco Finance"), a wholly owned subsidiary of Conseco, Inc. ("Conseco"),
provided guarantees of certain interests in securitization trusts sold to third
parties aggregating approximately $1.4 billion at September 30, 2002, $1.1
billion of which relate to manufactured housing securitization trusts. As part
of its efforts to restructure its manufactured housing business, Conseco Finance
elected not to make approximately $4.7 million in guarantee payments on December
2, 2002, relating to manufactured housing securitization trusts ($0.6 million of
such payments relate to securities sold to third parties and the remainder
relate to securities retained by Conseco Finance). Conseco Finance presently
intends to suspend all such guarantee payments relating to manufactured housing
trusts until there is resolution to the restructuring of its manufactured
housing business. In addition, as discussed in Conseco's Form 10-Q for the
quarterly period ended September 30, 2002, without additional liquidity in the
near future, Conseco Finance will be unable to make those guarantee payments
when they are required to be made.
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 thereunto duly authorized.
CONSECO, INC.
December 3, 2002
By: /s/ John R. Kline
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John R. Kline
Senior Vice President and
Chief Accounting Officer