-----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, QI8MW7D2TYUYLkP7XaeUOHn1pJIB668x2jqW4W4AYkxdn9seOUR+qd3xw17czLvO mQLiHf0BEeqz7661LXhflw== 0000950115-98-000089.txt : 19980121 0000950115-98-000089.hdr.sgml : 19980121 ACCESSION NUMBER: 0000950115-98-000089 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980102 ITEM INFORMATION: FILED AS OF DATE: 19980120 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: NAL FINANCIAL GROUP INC CENTRAL INDEX KEY: 0000811644 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 232455294 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 033-88966 FILM NUMBER: 98509108 BUSINESS ADDRESS: STREET 1: 500 CYPRESS CREEK ROAD WEST STREET 2: STE 590 CITY: FORT LAUDERDALE STATE: FL ZIP: 33309 BUSINESS PHONE: 3059388200 MAIL ADDRESS: STREET 1: 500 CYPRESS CREEK ROAD WEST STREET 2: SUITE 590 CITY: FORT LAUDERDALE STATE: FL ZIP: 33309 FORMER COMPANY: FORMER CONFORMED NAME: CORPORATE FINANCIAL VENTURES INC DATE OF NAME CHANGE: 19920703 8-K 1 CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION Washington, DC 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 2, 1998 NAL FINANCIAL GROUP INC. ----------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-25476 23-2455294 - ------------- --------------- --------------- (State or other (Commission File No.) (IRS Employer jurisdiction of Identification No.) incorporation) 500 Cypress Creek Road West Suite 590 Fort Lauderdale, FL 33309 -------------------------------------- (Address of principal executive office) Registrant's telephone number, including area code: (954) 938-8200 --------------- ITEM 5. OTHER EVENTS. On January 2, 1998, NAL Financial Group Inc. (the "Company"), notified its subsidiary, Special Finance, Inc. ("SFI") that it would no longer originate loans through SFI. The move was made after an analysis of the cost of operating SFI. SFI was acquired by NAL Acceptance Corporation ("NAC"), a subsidiary of the Company, in July of 1996. The Company had been attempting to consolidate many of the operations of its subsidiaries to avoid redundancies and reduce costs. However, after consideration of the needs of the Company and its various subsidiaries, the decision was made to focus the energy of the Company on NAC's originations and servicing. Although the Company continues to originate loans in the nonprime auto market through NAC, the decision not to originate loans through SFI is expected to materially impact the total number of loans originated by the Company in 1998. Notice to Readers ----------------- Some of the information contained in this Report may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual events or results may differ materially. Please see the Company's Form 10-K for the fiscal year-ended December 31, 1996 and the Form 10-Q for the quarter ended September 30, 1997 for a description of important factors that could cause the actual results to differ materially. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized NAL FINANCIAL GROUP INC. Signature Title Date /s/ Robert R. Bartolini Chairman of the Board; January 19, 1998 - ------------------------ President and Chief Executive Robert R. Bartolini Officer -----END PRIVACY-ENHANCED MESSAGE-----