-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H/2OMzG38WWy1rCcOhn+yYfb5fLkVxMiDw3ADqTldiTdAq3I4vdX+Cn/aspsym0v tCHOcIyG1Cv/ZMkFcVY+qg== 0000950150-97-001208.txt : 19970819 0000950150-97-001208.hdr.sgml : 19970819 ACCESSION NUMBER: 0000950150-97-001208 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970806 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970818 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEGO FINANCIAL CORP CENTRAL INDEX KEY: 0000736035 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE DEALERS (FOR THEIR OWN ACCOUNT) [6532] IRS NUMBER: 135629885 STATE OF INCORPORATION: NY FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08645 FILM NUMBER: 97665653 BUSINESS ADDRESS: STREET 1: 4310 PARADISE RD CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 7027373700 MAIL ADDRESS: STREET 1: 4310 PARADISE RD CITY: LAS VEGAS STATE: NV ZIP: 89109 FORMER COMPANY: FORMER CONFORMED NAME: MEGO CORP DATE OF NAME CHANGE: 19920703 8-K 1 FORM 8-K 1 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) August 6, 1997 -------------- MEGO FINANCIAL CORP. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) NEW YORK - -------------------------------------------------------------------------------- (State or other jurisdiction of incorporation 1-8645 13-5629885 ------------------------ --------------------------------- (Commission File Number) (IRS Employer Identification No.)
4310 PARADISE ROAD LAS VEGAS, NEVADA 89109 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (702) 737-3700 - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) 2 ITEM 5. OTHER EVENTS On August 6, 1997, Mego Financial Corp., a New York corporation (the "Company") announced that it has received a favorable ruling from the Internal Revenue Service regarding the potential tax-free distribution to the Company's current shareholders of all of its 10,000,000 shares of common stock of its 81.3%-owned subsidiary, Mego Mortgage Corporation, a Delaware corporation ("Mego Mortgage"). The Board of Directors of the Company has set August 27, 1997 as the record date for the distribution of the shares of Mego Mortgage to the Company's shareholders, which distribution will take place on September 2, 1997. Reference is made to the Company's press release dated August 6, 1997 filed as Exhibit 1 hereto. The information set forth in Exhibit 1 is hereby incorporated by reference herein. -2- 3 ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED Not applicable. (b) PRO FORMA FINANCIAL INFORMATION Not applicable. (c) EXHIBITS 1. Press Release dated August 6, 1997. -3- 4 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. MEGO FINANCIAL CORP. Dated: August 18, 1997 /s/ JEROME J. COHEN -------------------------------- Jerome J. Cohen, President -4- 5 INDEX TO EXHIBITS
EXHIBIT DESCRIPTION - ------- ------------------------------------------------------ 1 Press Release dated August 6, 1997
-5- EX-1 2 PRESS RELEASE DATED AUGUST 6, 1997 1 EXHIBIT 1 MEGO FINANCIAL CORP. RECEIVES FAVORABLE RULING FROM IRS FOR TAX-FREE SPIN-OFF OF ITS MEGO MORTGAGE CORPORATION SHARES Las Vegas, Nevada - August 6, 1997 - Mego Financial Corp. ("MEGO Financial") (Nasdaq/NNM:MEGO) today announced that it has received a favorable ruling from the Internal Revenue Service regarding the potential tax-free distribution to current shareholders of Mego Financial of all of its 10 million shares of its 81.3%-owned subsidiary, Mego Mortgage Corporation (Nasdaq/NNM:MMGC). The Board of Directors of the Company has set August 27, 1997 as the record date for the distribution of shares, which will take place on September 2, 1997. Mego Financial Corp. is a financial services company that provides consumer financing to purchasers of timeshare interests and land parcels. It also owns Central Nevada Utility Company, serving a large portion of the fast-growing Pahrump Valley, near Las Vegas. The Company is headquartered in Las Vegas and has properties it develops under the banner of Ramada Vacation Suites in Las Vegas and Reno, Nevada, New Jersey, Colorado, Florida and Hawaii. Mego Mortgage Corporation is a specialized consumer finance company that originates, purchases, services and securitizes conventional home improvement loans, as well as debt consolidation loans and FHA Title I loans. Headquartered in Atlanta, Georgia, Mego Mortgage operates nationwide through 20 branch offices. -----END PRIVACY-ENHANCED MESSAGE-----