-----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, CkwEINzAvi0p+cY/4SxSTE6aW8B8ikfNmGPhn1XzTmCuZHPVaftcbgLi89YY054y LQpVLMYc+IEoIWVpIVOxcw== 0001144204-08-002490.txt : 20080116 0001144204-08-002490.hdr.sgml : 20080116 20080116060126 ACCESSION NUMBER: 0001144204-08-002490 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080109 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20080116 DATE AS OF CHANGE: 20080116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUBLICARD INC CENTRAL INDEX KEY: 0000081050 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 230991870 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03315 FILM NUMBER: 08532370 BUSINESS ADDRESS: STREET 1: 620 FIFTH AVENUE ROCKEFELLER CENTER STREET 2: 7TH FLOORR CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2126513102 MAIL ADDRESS: STREET 1: 620 FIFTH AVENUE ROCKEFELLER CENTER STREET 2: FIFTH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 FORMER COMPANY: FORMER CONFORMED NAME: PUBLICKER INDUSTRIES INC DATE OF NAME CHANGE: 19920703 8-K 1 v099864_8k.htm
 
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) January 9, 2008
 
 
PubliCARD, Inc.
(Exact Name of Registrant as Specified in Its Charter)

 
Pennsylvania
001-03315
23-0991870
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

75 Rockefeller Plaza, 16th Floor, New York, NY
 
10019
  
(Address of Principal Executive Offices)
 
(Zip Code)
  


Registrant's telephone number, including area code
 
(212) 265-7013
  

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):

o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 
 
ITEM 7.01 REGULATION FD DISCLOSURE
Confirmation of the First Amended Plan of Reorganization
On January 9,2008, the United States Bankruptcy Court for the Southern District of New York (the “Court”) confirmed the First Amended Plan of Reorganization (the “Plan”) of PubliCARD, Inc. (“PubliCARD”, the “Debtor” or the “Company”) (In re: PubliCARD, Inc., Case No. 07-11517).

Under the Plan, The 500 Group, LLC, an entity currently controlled by PubliCARD’s Chief Executive Officer, Joseph E. Sarachek, will contribute $500,000 to the Reorganized Debtor. In exchange for the contribution, The 500 Group, LLC will receive 90% of the Reorganized Debtor’s common stock. Holders of PubliCARD’s existing common and preferred stock will each receive 5% of the Reorganized Debtor’s common stock.

Proceeds of The 500 Group, LLC’s contribution will be used to fund the Reorganized Debtor which will change its name from PubliCARD to Chazak Value Corp., a Delaware Corporation, to pay allowed administrative expenses, to pay allowed priority claims, and to provide $60,000 to pay allowed general unsecured claims. Holders of general unsecured claims will receive an approximate 17% recovery.

On the Effective Date of the Plan, a new Board of Directors will be installed for the Reorganized Debtor consisting of Joseph Sarachek, Charles Fisch, Jonathan Lewis, Roger Ehrenberg, and David Marcus.

.

(a)
Not applicable

(b)
Not applicable

(c)
Exhibits - Not applicable
 
 
 
 
 
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.
 
 
     
 
 PubliCARD, Inc. 
Registrant
 
 		  
 		  
 
Date: January 15, 2008 By:   /s/ Joseph E. Sarachek
 
Joseph E. Sarachek, President,
Chief Executive Officer
   

 
 
 
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