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) September 6, 1995
StratAmerica Corporation
--------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Utah 0-15399 87-0368170
--------------------------------------------------------------------------------
(State or other (Commission (IRS Employer
jurisdiction or File No.) Identification No.)
incorporation)
42-620 Caroline Court, Palm Desert, California 92211
-----------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (619) 776-1010
----------------
Item 5. OTHER EVENTS.
On September 6, 1995, Registrant entered into an agreement to sell to
Shari's Management Corporation, an unaffiliated entity, all Shari's format
restaurants owned by the Company's wholly owned subsidiary, Shari's Franchise
Corporation ("SFC"). The sale of the SFC assets is subject to the approval of
Registrant shareholders and certain other conditions. If the transaction is
consummated, Registrant will receive cash, adjustable notes, and release of
certain indebtedness and certain SFC liabilities will be assumed and certain SFC
liabilities will be released.
2
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.
STRATAMERICA CORPORATION
-------------------------------------
(Registrant)
Date
---------------------- -------------------------------------
Dale E. Larson, Secretary
3