Form 8-K for MACC Private Equities Inc.
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) February 25, 2004
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MACC PRIVATE EQUITIES INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-24412 42-1421406
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Suite 800, 101 Second Street, S.E., Cedar Rapids, Iowa 52401
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (319) 363-8249
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None
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(Former name or former address, if changed since last report)
Item 5. Other Events.
On February 25, 2004, MACC Private Equities Inc. (the "Company") issued a
press release following the Company's 2004 Annual Meeting of Shareholders
announcing the relocation of the Company's headquarters from Cedar Rapids, Iowa,
to Salt Lake City, Utah. The press release announced that the Company's
shareholders approved an investment advisory agreement with Atlas Management
Partners, LLC ("Atlas"), which becomes effective March 1, 2004. In addition, the
press release announced that the Company's shareholders approved an investment
advisory agreement between the Company's wholly-owned subsidiary, MorAmerica
Capital Corporation, and Atlas, a subadvisory agreement between Atlas and
InvestAmerica Investment Advisors, Inc., three proposals recommended by the
Board of Directors to authorize certain capital transactions and the newly
nominated Board of Directors of the Company. Finally, the press release
announced that the Company's shareholders ratified the appointment of KPMG LLP
as independent auditors for the Company for the fiscal year ending September 30,
2004.
A copy of the press release has been filed with this Current Report on Form
8-K as Exhibit 99.1, and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) 99.1 Press release dated February 25, 2004.
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.
MACC PRIVATE EQUITIES INC.
/s/ Kent I. Madsen
DATE: February 25, 2004 -----------------------------------------
Kent I. Madsen
President