Current Report Filing (8-k)
June 30 2017 - 3:13PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)
June 29, 2017
CROSSROADS LIQUIDATING TRUST
(Exact name of registrant as specified
in its chapter)
Maryland
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000-53504
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82-6403908
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(State or other jurisdiction
Of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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128 N. 13
th
Street, #1100
Lincoln, Nebraska 68508
(Address of principal executive offices
and zip code)
Registrant’s telephone number, including
area code
(402) 261-5345
Check the appropriate box below if the Form 8-K is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written
communication pursuant to Rule 425 under the Securities Act (17 CFR 230.
425)
☐ Solicitation material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 1.01
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Entry Into Material Definitive Agreements
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On June 29, 2017,
the Board of Trustees ratified an Amendment to the Adminstrator Consulting Agreement and Acknowledgement (the “Amendment”),
dated June 23, 2017, by and between Crossroads Capital, Inc. and 1100 Capital Consulting, LLC (the “Administrator”),
to allow the Administrator to continue to provide services to Crossroads Liquidating Trust (the “Liquidating Trust”).
On June 30, 2017,
the Liquidating Trust issued a press release announcing that its trustees have approved a cash distribution of $1.60 per unit to
the holders of beneficial interests in the Liquidating Trust to be paid on or about July 12, 2017.
In addition, the
Liquidating Trust has reported that the liquidating distribution deemed to have been received by stockholders of Crossroads Capital,
Inc. for tax reporting purposes on June 23, 2017, the effective date of the conversion of Crossroads Capital, Inc. into the Liquidating
Trust, is $2.67 per share. The liquidating distribution value, which represents the Board’s estimate of the amount per beneficial
interest to be distributed in total over the lifetime of the Liquidating Trust, was determined based on the net asset value of
Crossroads Capital as of March 31, 2017 adjusted for expenses and events materially affecting the fair market value of the portfolio
investments, if any.
The press release is attached hereto as Exhibit 99.1.
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Item 9.01.
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Financial Statements and Exhibits
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(d) Exhibits
SIGNATURE
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.
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CROSSROADS LIQUIDATING TRUST
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Date: June 30, 2017
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By:
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/s/ Ben H. Harris
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Ben H. Harris
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Administrator
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