Attached files
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EX-99.1 - PSM HOLDINGS INC | v212064_ex99-1.htm |
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): February 17,
2011
PSM
Holdings, Inc.
(Exact
Name of Registrant as Specified in its Charter)
Nevada
|
333-151807
|
90-0332127
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
1112
N. Main Street, Roswell, NM
|
88201
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (575) 624-4170
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
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act
Item
8.01
|
Other
Events.
|
On
February 17, 2011, we entered into a non-binding letter of intent with United
Community Mortgage Corp. (“UCMC”), a New Jersey corporation, in which both
parties expressed their intent to enter into a definitive agreement whereby UCMC
would be merged into and with our wholly owned operating subsidiary, Prime
Source Mortgage, Inc. In connection with the signing of the letter of
intent, we issued a press release, a copy of which is included as an exhibit to
this filing.
The
parties intend to negotiate the specific exchange rate of the number of shares
of PSM Holdings, Inc. to be issued in the merger transaction to the sole
shareholder of UCMC as well as an employment agreement for the sole shareholder
with our operating subsidiary. Execution of the definitive agreement
is subject to completion of standard due diligence of both
parties. We anticipate singing the definitive agreement with the next
30 days, at which time we will disclose the execution of the agreement under
Item 1.01 of Form 8-K.
Item
9.01
|
Financial
Statements and Exhibits
|
Exhibit
99.1 Press
Release dated February 18, 2011
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, as amended, the Registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly
authorized.
PSM Holdings, Inc. | |||
Date: February
18, 2011
|
By:
|
/s/ Jeffrey R. Smith | |
Jeffrey
R. Smith, President
|
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