SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OF 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
June 5, 2002
Date of Report (Date of earliest event reported)
Stratford American Corporation
(Exact Name of Registrant as Specified in Charter)
Arizona 000-17078 86-0608035
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
2400 E. Arizona Biltmore Circle
Building 2, Suite 1270
Phoenix, Arizona 85064
(Address of Principal Executives Offices) (Zip Code)
Registrant's telephone number, including area code: (602) 956-7809
Former Name or Former Address, if Changed Since Last Report: Not Applicable
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On June 5, 2002, Stratford American Energy Corporation, a wholly owned
subsidiary of Stratford American Corporation (the "Company") purchased working
interests in 23 oil and gas properties located in Oklahoma and Texas and
interests in certain related assets (collectively, the "assets"). The assets
were purchased from Crown Energy Drilling and Production Fund 2001-1 Limited
Partnership ("Crown") in exchange for $738,000, which included commissions,
legal costs of the sale, and reimbursement for drilling costs of a development
well related to the working interests acquired. The acquisition of the assets
was effective as of April 1, 2002. The Company had no prior relationship with
Crown prior to the purchase. The law firm of Sneed Land, P.C. represented the
Company in the due diligence performed on the properties. The purchase price was
determined based upon negotiations between Crown and the Company. Proceeds for
the purchase came from Company cash on hand. No financing was required to make
the acquisition.
ITEM 7. EXHIBITS.
2.1 - Purchase and Sale Agreement dated June 5, 2002 by and between Crown
Energy Drilling and Production Fund 2001-Limited Partnership and Stratford
American Energy Corporation.
99.1 - Press Release dated June 7, 2002
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: June 18, 2002.
STRATFORD AMERICAN CORPORATION
By: /s/ Daniel E. Matthews
------------------------------------
Daniel E. Matthews, Controller,
Secretary and Treasurer
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
2.1 Purchase and Sale Agreement dated June 5, 2002 by and between
Crown Energy Drilling and Production Fund 2001-1 Limited
Partnership and Stratford American Energy Corporation
99.1 Press Release dated June 7, 2002