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: December 5, 1996 Seafield Capital Corporation ------------------------------------------------------ (Exact name of registrant as specified in its charter) Missouri 0-16946 43-1039532 ----------------------------------------------------------------- (State of other (Commission File Number) (IRS Employer jurisdiction of Identification incorporation) Number) 2600 Grand Ave. Suite 500 P. O. Box 410949 Kansas City, MO 64141 ----------------------------------------------------------------- (Address of principal executive offices) (Zip code) (816) 842-7000 ----------------------------------------------------------------- (Registrant's telephone number, including area code) Item 5. Other Events On December 5, 1996, the Registrant announced that its 82% owned subsidiary, LabOne, Inc. (LabOne), has agreed to acquire selected assets, including customer lists, of Gib Laboratories, Inc., a subsidiary of Prudential Insurance Company of America. The transaction is subject to approval by Gib Laboratories' and Prudential's boards of directors. Concurrently, Prudential's Individual Insurance Group ahs agreed to use LabOne as its exclusive provider of risk assessment testing services. Gib Laboratories, Inc., based out of New Providence, New Jersey, is the fourth largest provider of risk assessment testing. 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 hereunto duly authorized officer. Seafield Capital Corporation Date: December 16, 1996 By: /s/ Steven K. Fitzwater --------------------------- Steven K. Fitzwater Vice President, Chief Accounting Officer and Secretary