SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15d of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 2, 2004
WILMINGTON TRUST CORPORATION
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(Exact name of registrant as specified in its chapter)
Commission File Number 1-14659
Delaware 51-0328154
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(State or other jurisdiction (IRS Employer Identification Number)
of incorporation)
Wilmington Trust Corporation
Rodney Square North
1100 North Market Street
Wilmington, Delaware 19890
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 651-1000
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(Former names of former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure.
On April 2, 2004, GTBA Holdings, Inc., a wholly-owned subsidiary of Wilmington
Trust Corporation ("Holdings"), entered into an agreement with Grant, Tani,
Barash & Altman, Inc., a business management firm headquartered in Beverly
Hills, California ("GTBA"), and its principals. Under this agreement, a new
entity, Grant Tani Barash & Altman, LLC (the "LLC"), will assume GTBA's business
management services business. GTBA performs business management services for its
clients, including bookkeeping, cash flow management, budgeting, tax
preparation, tax planning, insurance consultation and other services. The firm
has a staff of approximately 40 employees.
Closing is subject to the satisfaction of several customary conditions. At
closing, Holdings will become the owner of 90% of the LLC, with the balance of
the ownership being retained by GTBA's current owners. Holdings and the other
owners will be able to purchase additional ownership interests in the LLC from
an owner upon the occurrence of a number of specified events, including the
termination of employment, death, disability or retirement of the owner.
The LLC will be managed by a board of five managers. Initially, the board will
consist of three people designated by Holdings and two people designated by
GTBA.
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.
WILMINGTON TRUST CORPORATION
Dated: April 5, 2004
By: /s/ David R. Gibson
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Name: David R. Gibson,
Title: Executive Vice President
and Chief Financial Officer
(Authorized Officer and Principal
Financial Officer)