Kaiser Group Holdings Inc - Current report filing (8-K)
06 11월 2007 - 7:13AM
Edgar (US Regulatory)
UNITED STATES
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):
November 2
, 2007
KAISER GROUP HOLDINGS, INC.
(Successor
issuer to Kaiser Group International, Inc.)
(Exact
name of registrant as specified in its charter)
Delaware
|
File No. 1-12248
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54-2014870
|
(State
or other jurisdiction of incorporation or organization)
|
(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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9300 Lee Highway
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|
Fairfax, Virginia
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22031-1207
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(Address
of principal executive offices)
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(Zip
Code)
|
(703)
934-3413
(Registrants
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
o
Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
In 1997, Kaiser Group
Holdings, Inc. (the Company) purchased a 4% ownership interest in a limited
liability company (the LLC) that leases the land and owns the buildings where
the Companys corporate headquarters are located. Effective October 28, 2000, the Company
negotiated a settlement with the other owners of the LLC resolving various
issues between the Company and the other owners of the LLC. As a part of that resolution, subject to
certain contingencies and a time limit of December 31, 2012, the estimated
potential future recovery of the investment by the Company, upon sale or
refinancing of the property, was fixed at $2.8 million and recorded on the
Companys balance sheet as Investment in Affiliates. At June 30, 2007 and December 31, 2006, the
recorded amount of the investment remained unchanged.
On November 2, 2007, as a
result of recent negotiations, the Company received the sum of $1.0 million
from the other owners of the LLC, representing the full amount of recovery of
its investment in the LLC as agreed upon between the Company and the LLC. The Company will reflect an impairment charge
of $1.8 million during the quarter ended September 30, 2007 relating to this
investment.
2
Signatures
Pursuant to the requirements of the
Securities and Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly authorized.
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Kaiser Group Holdings,
Inc.
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(Registrant)
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|
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/s/ Douglas W. McMinn
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|
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President and Chief
Executive Officer
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Date: November 5, 2007
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|
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3
Common Stock (CE) (USOTC:KGHI)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Common Stock (CE) (USOTC:KGHI)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024
Common Stock (CE) (OTC 시장)의 실시간 뉴스: 최근 기사 0
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