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 TO 1934
Date of Report (Date of Earliest Event Reported): March 17, 2003
SIENA HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
1-6868 75-1043392
(Commission File Number) (IRS Employer
Identification No.)
5068 West Plano Parkway, Suite 300, Plano, Texas 75093
(Address of principal executive offices) (Zip code)
(972) 381-4255.
(Registrant's telephone number, including area code)
Lomas Financial Corporation.
(Former Name or Former Address, if Changed Since Last Report)
Item 5. OTHER EVENTS.
The Company has acted as the Trustee of the LFC Creditors Trust since March
1997. Since that time the Company has administered the Trust and managed its
assets for the sole benefit of the Trust Beneficiaries. The Company has made a
total of nine distributions, including cash and common stock distributions, to
the Beneficiaries which total more than $40 million. On March 17, 2003, the
Company received a signed order from the Bankruptcy Court ordering the
termination of the Trust. During the life of the Trust, the Company received
reimbursement of expenses including overhead related to the administration and
management of the Trust. The result of the termination of the Trust will
materially and adversely impact the revenue and cash flow of the Company.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) None.
(b) None.
(c) None.
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 thereunto duly authorized.
SIENA HOLDINGS, INC.
Date: March 17, 2003 By: /s/ W. Joseph Dryer
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W. Joseph Dryer
President