Attached files
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| EX-99.1 - PSM HOLDINGS INC | v215785_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): March 18, 2011
PSM Holdings, Inc.
(Exact Name of Registrant as Specified in its Charter)
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Nevada
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333-151807
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90-0332127
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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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1112 N. Main Street, Roswell, NM
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88201
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(Address of Principal Executive Offices)
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(Zip Code)
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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
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Item 8.01
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Other Events.
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On March 18, 2011, we entered into a non-binding letter of intent with American Trust Mortgage, Inc. (“ATMI”), a Massachusetts corporation, in which both parties expressed their intent to enter into a definitive agreement whereby ATMI would become a wholly owned subsidiary of our wholly owned operating subsidiary, Prime Source Mortgage, Inc. We intend to issue 857,143 shares of our common stock to the shareholders of ATMI at the closing of the proposed transaction. We anticipate signing the definitive agreement with the next 30 days.
The parties also intend to negotiate an employment agreement for the key shareholder of ATMI with our operating subsidiary to be effective at closing. Execution of the definitive agreement is subject to completion of standard due diligence of both parties.
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.
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Item 9.01
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Financial Statements and Exhibits
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Exhibit 99.1 Press Release dated March 23, 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. | |||
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Date: March 23, 2011
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By:
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/s/ Jeffrey R. Smith | |
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Jeffrey R. Smith, Executive Vice President
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