Form 8-K - CURRENT REPORT
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): May 1, 2003
UNITED INVESTORS GROWTH PROPERTIES
(Exact name of registrant as specified in its charter)
Missouri 0-17645 43-1483928
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
155 N. Lake Ave., Suite 1000
Pasadena, CA 91101
(Address of principal executive offices)
Registrant's telephone number, including area code: (626) 585-5920
55 Beattie Place
Post Office Box 1089
Greenville, South Carolina 29602
(Former address, if changed since last report)
Item 1. Changes in Control of Registrant
On May 1, 2003, Everest Properties, Inc., a California
corporation ("Everest") acquired all of the capital stock of
United Investors Real Estate, Inc. ("UIRE"), the sole general
partner of United Investors Growth Properties (the
"Partnership"). The stock was acquired in connection with the
purchase by Everest of limited partner interests in partnerships
for which UIRE serves as the general partner, including the
Partnership. The purchase price allocated to UIRE's stock was
$45,640. The transaction was funded with a loan from an affiliate
of Everest: Everest Properties II, LLC, from its working capital.
As the sole stockholder of UIRE, Everest is in a position to
remove the current directors and elect the directors of UIRE and
consequently to control the Partnership.
Everest does not own any limited partner interests of the
Partnership, however, Everest's affiliate, Everest Properties,
LLC, owns 14,344 units of limited partner interest (36.5%) of the
Partnership, as a result of the same transaction.
SIGNATURE
Pursuant to the requirements of the 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 INVESTORS GROWTH PROPERTIES
By: United Investors Real Estate, Inc.
Its General Partner
By: /s/ Christopher K. Davis
------------------------------
Christopher K. Davis
Vice President and General Counsel