SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): April 15, 2003
IBF VI - SECURED LENDING CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware 333-71091 52-2139510
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(State of Incorporation) (Commission File No.) (IRS Employer Identification No.)
1733 Connecticut Avenue, N.W.
Washing, D.C. 20009
(Address of principal executive offices, including zip code)
(202) 588-7500
(Registrant's telephone number, including area code)
Item 3. Bankruptcy or Receivership
The Company, together with certain affiliated entities, filed
for protection under Chapter 11 of the United States bankruptcy Code in the
United States Bankruptcy court for the Southern District of New York on June 7,
2002. After the bankruptcy filing, the United States Securities and Exchange
Commission filed suit against the Company, certain affiliated entities and Mr.
Simon A. Hershon on July 23, 2002 in the United States District Court for the
Southern District of New York (the "District Court") alleging, among other
things, that the Company was operating unlawfully as an unregistered investment
company in violation of the Investment Company Act of 1940, as amended, and that
all securities offered by the Company were unlawful. On September 9, 2002, the
Commission filed a motion for partial summary judgment on the alleged violations
of the Investment Company Act and sought the imposition of a trustee. On
December 5, 2002, the District Court issued an order granting the Commission's
motion and, among other things, appointed Arthur J. Steinberg as trustee for the
Company and certain related entities.
Item 5. Other Events and Regulation FD Disclosure.
In light of the Company's voluntary petition for
reorganization under Chapter 11 of the United States Bankruptcy Code and the
Commission's investigation and complaint, including the appointment of Arthur J.
Steinberg as trustee, the Company has determined to file reports on Form 8-K in
lieu of its quarterly reports on Form 10-Q and annual report on Form 10-K. The
Company cannot reliably predict when or if it will resume filing periodic
reports required under the Securities Exchange Act of 1934.
The Company is including in this filing its audited 2002
annual financial statements. The Company expects to submit these financial
statements to the Bankruptcy Court in the near future.
FORWARD-LOOKING STATEMENTS
THIS FORM 8-K, INCLUDING THE EXHIBITS ATTACHED HERETO,
CONTAINS STATEMENTS THAT ARE FORWARD LOOKING WITHIN THE MEANING OF SECTION 27A
OF THE SECURITIES ACT OF 1933 AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF
1934. INVESTORS ARE CAUTIONED THAT ANY SUCH FORWARD-LOOKING STATEMENTS ARE NOT
GUARANTEES OF FUTURE PERFORMANCE AND THAT ACTUAL RESULTS COULD DIFFER MATERIALLY
AS A RESULT OF KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES, INCLUDING VARIOUS
REGULATORY ISSUES AND COMMISSION ACTIONS, THE OUTCOME OF THE COMPANY'S CHAPTER
11 PROCESS, GENERAL ECONOMIC CONDITIONS, FUTURE TRENDS AND OTHER RISKS AND
UNCERTAINTIES AND FACTORS DISCLOSED IN THE COMPANY'S MOST RECENT REPORTS ON
FORMS 10-KSB, 10-QSB AND 8-K FILED WITH THE COMMISSION.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
2
Exhibit No. Description
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99.1 Audited Annual Financial Statements of the Company
for 2002.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
IBF VI - SECURED LENDING CORPORATION
/s/ Steven M. Salzman
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Steven M. Salzman
Dated: April 15, 2003
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EXHIBIT INDEX
Exhibit Description
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99.1 Audited Annual Financial Statement of the Company
for 2002