1 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): January 4, 2000 AMRESCO CAPITAL TRUST (Exact name of Registrant as specified in its Charter) TEXAS 1-14029 75-2744858 (State or other jurisdiction of (Commission file number) (I.R.S. Employer incorporation or organization) Identification Number) 700 North Pearl Street, Suite 2400, Dallas, Texas 75201 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (214) 953-7700 Not applicable (Former name or former address, if changed since last report) 2 ITEM 5. OTHER EVENTS. On January 4, 2000, AMRESCO Capital Trust ("AMCT") and Impac Commercial Holdings, Inc. ("ICH") entered into a Termination Agreement (the "Termination Agreement") pursuant to which the Agreement and Plan of Merger, dated as of August 4, 1999, between AMCT and ICH was terminated effective immediately. A copy of the Termination Agreement and press release relating thereto are attached hereto as Exhibits 99.1 and 99.2, respectively. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. 99.1 Termination Agreement, dated January 4, 2000, between AMRESCO Capital Trust and Impac Commercial Holdings, Inc. 99.2 Press Release, dated January 4, 2000 3 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. Date: January 6, 2000 AMRESCO CAPITAL TRUST By: /s/ Michael L. McCoy --------------------------------- Name: Michael L. McCoy Title: Senior Vice President and General Counsel 4 INDEX TO EXHIBITS EXHIBIT PAGE - ------- ---- 99.1 Termination Agreement, dated January 4, 2000, between AMRESCO Capital Trust and Impac Commercial Holdings, Inc. 99.2 Press Release, dated January 4, 2000