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): May 5, 2003
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Semele Group Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-16886 36-3465422
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
200 Nyala Farms, Westport, Connecticut 06880
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 341-0555
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(Former name or former address, if changed since last report)
SEMELE GROUP INC.
FORM 8-K
ITEM 5 - OTHER EVENTS AND REGULATION FD DISCLOSURES
Semele has received a proposal from Gary Engle and James Coyne, respectively
Semele's CEO and President ("Management"), who together with their affiliates
are the beneficial owners of approximately 58% of the outstanding Semele common
stock, for the acquisition of substantially all of the outstanding shares of
common stock of Semele not already owned by Management for $1.20 per share.
Terms of the offer are detailed in the attached exhibits.
ITEM 7 - FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
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99.1 Text of Letter dated May 5, 2003 to the Directors of Semele referencing
the Proposed Acquisition of Semele Group Inc.
99.2 Text of press release dated May 5, 2003 titled "Management Proposes
Offer To Acquire Semele Group Inc. Common Stock".
SIGNATURES
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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.
Dated: May 5, 2003 SEMELE GROUP INC.
By: /s/ Richard K. Brock
Name: Richard K. Brock
Title: Chief Financial Officer and Treasurer
EXHIBIT INDEX
Exhibit
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99.1 Text of Letter dated May 5, 2003 to the Directors of Semele referencing
the Proposed Acquisition of Semele Group Inc.
99.2 Text of press release dated May 5, 2003 titled "Management Proposes
Offer To Acquire Semele Group Inc. Common Stock".