<SEC-DOCUMENT>0001171843-15-001357.txt : 20150311
<SEC-HEADER>0001171843-15-001357.hdr.sgml : 20150311
<ACCEPTANCE-DATETIME>20150311163704
ACCESSION NUMBER:		0001171843-15-001357
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150311
FILED AS OF DATE:		20150311
DATE AS OF CHANGE:		20150311

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRSTSERVICE CORP
		CENTRAL INDEX KEY:			0000913353
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24762
		FILM NUMBER:		15693191

	BUSINESS ADDRESS:	
		STREET 1:		1140 BAY STREET
		STREET 2:		SUITE 4000
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5S 2B4
		BUSINESS PHONE:		(416) 960-9500

	MAIL ADDRESS:	
		STREET 1:		1140 BAY STREET
		STREET 2:		SUITE 4000
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5S 2B4
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>document.htm
<DESCRIPTION>FORM 6-K FILING DOCUMENT
<TEXT>
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		<title>Form 6-K Filing</title>
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			<b><font size="4">UNITED STATES<br>
					SECURITIES AND EXCHANGE COMMISSION</font><br>
				Washington, D.C. 20549</b>
			<p><b><font size="4">FORM 6-K</font></b></p>
			<p><b>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</b></p>
			<p><font size="2"><b>For the month of <b>March 2015</b>.</b></font></p>
			<p><font size="2">Commission File Number: <b>000-24762</b></font></p>
			<p><font size="4"><b>FirstService Corporation</b></font><br>
				<font size="2">(Translation of registrant's name into English)</font></p>
			<p><b>1140 Bay Street, Suite 4000<br />
Toronto, Ontario, Canada<br />
M5S 2B4</b><br>
				<font size="2">(Address of principal executive office)</font></p>
		</div>
		<p><font size="2">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br>
			Form 20-F [ &nbsp; ] &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F [ x]</font></p>
		<p><font size="2">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></p>
		<!--<b><p><font size="2">Note:</b> Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</font></p>-->
		<p><font size="2">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></p>
		<!--<p><font size="2"><b>Note:</b> Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.</font></p>-->
		<p><font size="2">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ &nbsp;&nbsp;] &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No [  x ]</font></p>
		<p><font size="2">If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>.</font></p>
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		<p><font size="2"><P >
	<b>EXHIBIT INDEX</b></P>
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	<font style ="font-size:12px;"><br />
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					<u><font style ="font-size:12px;"><b>Exhibit</b></font></u></P>
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				<P >
					<u><font style ="font-size:12px;"><b>Description of Exhibit</b></font></u></P>
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				<P >
					<font style ="font-size:12px;">99.1                                    </font></P>
				<P >
					<font style ="font-size:12px;"><br />
					</font></P>
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				<P >
					<font style ="font-size:12px;">Press release dated March 11, 2015 - FirstService Board unanimously approves plan to separate into two independent public companies.</font></P>
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			<b><font size="2">SIGNATURES</font></b></div>
		<p><font size="2">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.</font></p>
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				<td width="47%">&nbsp;</td>
				<td width="6%">&nbsp;</td>
				<td width="47%" align="center"><b><u>FirstService Corporation</u></b><br>
					<font size="2">(Registrant)</font><br>
					<br>
				</td>
			</tr>
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				<td width="47%"><font size="2">Date: March 11, 2015</font></td>
				<td width="6%">&nbsp;</td>
				<td width="47%" align="center"><font size="2"><b><u>/s/ JOHN B. FRIEDRICHSEN</u></b><br>
					John B. Friedrichsen<br>
					<i>Senior Vice President and Chief Financial Officer</i></font></td>
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			<p></p>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>newsrelease.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html><head><title>FirstService Board Unanimously Approves Plan to Separate Into Two Independent Public Companies</title></head><body><p align="right">EXHIBIT 99.1</p><h3 align="center">FirstService Board Unanimously Approves Plan to Separate Into Two Independent Public Companies</h3><h4 align="center">Shareholders to Vote at an Annual and Special Meeting to be Held on April 21, 2015</h4><p>TORONTO, March 11, 2015 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV) (Nasdaq:FSRV) ("FirstService") today announced that its Board of Directors has unanimously approved, and FirstService has entered into, an arrangement agreement (the "Arrangement Agreement") with New FSV Corporation, FSV Holdco ULC and FirstService Commercial Real Estate Services Inc. in connection with the previously announced plan to separate FirstService into two independent publicly-traded companies (the "Arrangement") &#8211; "Colliers International", one of the top three global leaders in commercial real estate and new "FirstService Corporation", the North American leader in residential property management and services. The Board of Directors of FirstService recommends that shareholders vote in favour of the transaction at the annual and special meeting to be held on April 21, 2015.</p><p>
	As previously announced by FirstService on February 10, 2015, the Company plans to rename FirstService as Colliers International Group and to spin-off to shareholders its residential property management and services businesses as a separately publicly traded company to be named "FirstService Corporation". The Arrangement is expected to enhance long term value for the shareholders of FirstService by separating its businesses into two distinct public companies, each better able to capitalize on its market leading positions and pursue independent strategies and opportunities for growth.</p><p>
	"We encourage shareholders to carefully consider the benefits of this exciting spinoff transaction and vote in favour of the transaction," said Jay Hennick, FirstService's Founder and CEO. "The leadership teams of both successor companies are in place and are committed to continue our track record of creating long-term, sustainable value for our shareholders."</p><p>
	The Arrangement is subject to regulatory, court and shareholder approval and satisfaction of other customary closing conditions, including the listing of new FirstService Corporation's subordinate voting shares on the Toronto Stock Exchange and The NASDAQ Stock Market (renamed Colliers International Group will continue to be listed on the Toronto Stock Exchange and the NASDAQ Stock Market) and receipt of the requested Canadian tax rulings and U.S. tax opinions that the transaction will not be taxable from a corporate and shareholder perspective.</p><p>
	FirstService intends to apply to obtain an interim order from the Ontario Superior Court of Justice on March 13, 2015, and thereafter hold an annual and special meeting of shareholders (the "Meeting") on April 21, 2015 to approve, among other things, the Arrangement. It is currently expected that the Management Information Circular to be prepared in connection with the Meeting will be finalized and prepared for mailing on or about March 27, 2015 to FirstService's shareholders of record on March 20, 2015, and, at that time, those materials will also be available on SEDAR at www.sedar.com.</p><p>
	William Blair &amp; Company, LLC ("William Blair") has provided a fairness opinion to the Board of Directors of FirstService which states that, in the opinion of William Blair, and based upon and subject to the assumptions, explanations and limitations set forth in such opinion, as of the date of the opinion, the consideration to be received by the shareholders of FirstService is fair, from a financial point of view, to such shareholders.</p><p>
	A copy of the Arrangement Agreement will be available shortly on SEDAR at www.sedar.com.</p><p>
	<strong>About FirstService</strong></p><p>
	FirstService is a global leader in the rapidly growing real estate services sector, one of the largest markets in the world. FirstService manages more than 2.5 billion square feet of residential and commercial properties through its three industry-leading service platforms: <strong>Colliers International</strong> - one of the largest global players in commercial real estate services; <strong>FirstService Residential</strong> - North America's largest manager of residential communities; and <strong>FirstService Brands</strong> &#8211; one of North America's largest providers of essential property services delivered through individually branded franchise systems and company-owned operations.</p><p>
	FirstService generates more than US$2.7 billion in annual revenues and has more than 24,000 employees world-wide. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders since becoming a publically listed company in 1993. The subordinate voting shares of FirstService trade on the NASDAQ under the symbol "FSRV" and on the TSX under the symbol "FSV". More information is available at www.firstservice.com.</p><p>
	<strong>Advisory Regarding Forward-Looking Statements</strong></p><p>
	Information in this press release that is not a historical fact is "forward-looking information". Words such as "plans", "intends", "outlook", "expects", "anticipates", "estimates", "believes", "likely", "should", "could", "will", "may" and similar expressions are intended to identify statements containing forward-looking information. Forward-looking information in this press release is based on current objectives, strategies, expectations and assumptions which management considers appropriate and reasonable at the time, including, but not limited to, general economic and industry growth rates, currency exchange and interest rates, competitive intensity and shareholder and regulatory approvals.</p><p>
	By its nature, forward-looking information is subject to risks and uncertainties which may be beyond the ability of FirstService to control or predict. The actual results, performance or achievements of Colliers International or new FirstService Corporation could differ materially from those expressed or implied by forward-looking information. Factors that could cause actual results, performance, achievements or events to differ from current expectations include, among others, risks and uncertainties related to: obtaining approvals, rulings, court orders and consents, or satisfying other requirements, necessary or desirable to permit or facilitate completion of the Arrangement (including regulatory and shareholder approvals); future factors that may arise making it inadvisable to proceed with, or advisable to delay, all or part of the Arrangement; the operations and financial condition of Colliers International and new FirstService Corporation as separately traded public companies, including the reduced industry and geographical diversification resulting from this separation; the impact of the Arrangement on the trading prices for, and market for trading in, the shares of FirstService, Colliers International and new FirstService Corporation; the potential for significant tax liability for a violation of the tax-deferred spinoff rules; the potential benefits of the Arrangement; business cycles, including general economic conditions in the countries in which Colliers International and new FirstService Corporation operate, which will, among other things, impact demand for services and the cost of providing services; the ability of each of Colliers International and new FirstService Corporation to implement its business strategy, including their ability to acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; changes in or the failure to comply with government regulations; changes in foreign exchange rates; increased competition; credit of third parties; changes in interest rates; and the availability of financing. Additional information on certain of these factors and other risks and uncertainties that could cause actual results or events to differ from current expectations can be found in FirstService's Annual Information Form for the year ended December 31, 2014 under the heading "Risk Factors" (which factors are adopted herein and a copy of which can be obtained at www.sedar.com). Certain risks and uncertainties specific to the proposed Arrangement, Colliers International and new FirstService Corporation will be further described in the information circular to be mailed in advance of the Meeting. Other factors, risks and uncertainties not presently known to FirstService or that FirstService currently believes are not material could also cause actual results or events to differ materially from those expressed or implied by statements containing forward-looking information.</p><p>
	Readers are cautioned not to place undue reliance on statements containing forward-looking information that are included in this press release, which are made as of the date of this press release, and not to use such information for anything other than their intended purpose. FirstService disclaims any obligation or intention to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.</p><pre>CONTACT: Jay S. Hennick
         Founder &amp; CEO
         (416) 960-9500

         John B. Friedrichsen
         Senior Vice President &amp; CFO
         (416) 960-9500</pre></body></html>
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