SECURITES 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 14, 1998
SOURCE CAPITAL CORPORATION
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(Exact name of registrant as specified in its charter)
Washington 0-12199 91-0853890
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(State or other jurisdic- (Commission (IRS Employer
tion of incorporation) File Number) Identification No)
1825 North Hutchinson Rd. Spokane, Wa 99212
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Address of principal executive offices)
Registrant s telephone number,including area code: 509-928-0908
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(Former name or former address,
if changed since last report)
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
N/A
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
N/A
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
N/A
ITEM 4. CHANGES IN REGISTRANT S CERTIFYING ACCOUNTANTS
N/A
ITEM 5. OTHER EVENTS
(A) Annual Stockholders Meeting
At the annual stockholders meeting of Source Capital Corporation,
held on May 14, 1998:
Proposal (1) election of directors, Class I directors John H.
Frucci and Daniel R. Nelson were reelected to the Board for a
term which expires at the annual meeting of shareholders in
2001. Mr.William H. Roberts who was a Class I director retired
from the board and did not stand for reelection.
Proposal (2) ratification of auditors passed, ratifying Coopers
and Lybrand as the Company s auditors for 1998.
(B) Election of officers
At the annual meeting of the Board of Directors held on May 14,
1998, Alvin J. Wolff, Jr. was elected Chairman of the Board, D.
Michael Jones was elected President and CEO, James L. Kirschbaum
was elected Executive Vice President, Lester L. Clark was elected
Vice President, Secretary, Treasurer and Chief Financial Officer,
John R. Nagel was elected Senior Vice President and Clarence H.
Barnes was elected Vice Chairman of the Board until the next
annual board meeting.
ITEM 6. RESIGNATION OF REGISTRANT S DIRECTORS
N/A
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(a) financial statements
N/A
(b) Pro forma Financial information
N/A
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.
SOURCE CAPITAL CORPORATION
(Registrant)
By: /s/Lester L. Clark
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Title: Vice President, Treasurer and
Secretary
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Date: May 21, 1998
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