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 21, 2007
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SUNTERRA CORPORATION
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(Exact name of registrant as specified in its charter)
MARYLAND 001-13815 95-4582157
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3865 W. CHEYENNE AVE.
NORTH LAS VEGAS, NV 89032
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (702) 804-8600
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N/A
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(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On March 21, 2007, Sunterra Corporation held a public conference call to
discuss with investors the proposed acquisition of Sunterra by Diamond Resorts,
LLC. A copy of the transcript of this conference call is filed as Exhibit 99.1
hereto and incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit No. Description
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99.1 Transcript of Sunterra Corporation conference call on March
21, 2007
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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.
Date: March 22, 2007
SUNTERRA CORPORATION
By: /s/ Frederick C. Bauman
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Name: Frederick C. Bauman
Title: Vice President, General Counsel
and Secretary
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EXHIBIT INDEX
Exhibit No. Description
99.1 Transcript of Sunterra Corporation conference call on March
21, 2007
4