-----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, ItWI7PaS0u4Y7G6eHhETLqahjIYrqXD6Fn/bmP1DZ5fNhb4uAidG3dsAhPMCmvyp lQ6PJT9esMdbW35x8xesQQ== 0000950129-04-004741.txt : 20040712 0000950129-04-004741.hdr.sgml : 20040712 20040712131632 ACCESSION NUMBER: 0000950129-04-004741 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040709 ITEM INFORMATION: Other events ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRSTCITY FINANCIAL CORP CENTRAL INDEX KEY: 0000828678 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 760243729 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-19694 FILM NUMBER: 04909702 BUSINESS ADDRESS: STREET 1: 6400 IMPERIAL DRIVE CITY: WACO STATE: TX ZIP: 76712 BUSINESS PHONE: 2547511750 MAIL ADDRESS: STREET 1: 6400 IMPERIAL DRIVE CITY: WACO STATE: TX ZIP: 76712 FORMER COMPANY: FORMER CONFORMED NAME: FIRST CITY BANCORPORATION OF TEXAS INC/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIRST CITY ACQUISITION CORP DATE OF NAME CHANGE: 19880523 8-K 1 h16745e8vk.txt FIRSTCITY FINANCIAL CORP.- JULY 9, 2004 ================================================================================ 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): JULY 9, 2004 FIRSTCITY FINANCIAL CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE 033-19694 76-0243729 (STATE OF INCORPORATION) (COMMISSION FILE NO.) (IRS EMPLOYER IDENTIFICATION NO.)
6400 IMPERIAL DRIVE WACO, TEXAS 76712 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (254) 751-1750 ================================================================================ ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. ITEM 9. REGULATION FD DISCLOSURE. The following information is furnished pursuant to Item 5, "Other Events and Regulation FD Disclosure" and Item 9, "Regulation FD Disclosure." On July 9, 2004, FirstCity Financial Corporation ("FirstCity" or the "Company") issued a press release announcing that its Board of Directors had declared a dividend payment of $10.50 per share on its New Preferred Stock (NASDAQ FCFCO). A copy of this press release is attached hereto as Exhibit 99.1. 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. FirstCity Financial Corporation Date: July 9, 2004 By: /S/ J. Bryan Baker --------------------------------- J. Bryan Baker Senior Vice President, and Chief Financial Officer EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 99.1 - Text of press release of FirstCity Financial Corporation issued on July 9, 2004. EX-99.1 2 h16745exv99w1.txt PRESS RELEASE - DECLARES DIVIDEND ON NEW STOCK EXHIBIT 99.1 NEWS RELEASE (FIRSTCITY FINANCIAL CORPORATION LOGO) contact: Suzy W. Taylor (866) 652-1810 FIRSTCITY FINANCIAL CORPORATION DECLARES $10.50 DIVIDEND ON NEW PREFERRED STOCK WACO, TEXAS JULY 9, 2004... FirstCity Financial Corporation (NASDAQ FCFC) today announced that its board of directors has declared a dividend payment of $10.50 per share on its New Preferred Stock (NASDAQ FCFCO). The dividend will be payable on July 29, 2004, to holders of record as of July 22, 2004 and represents all dividends in arrears on the New Preferred Stock. Because the dividend is in excess of 25% of the value of the New Preferred Stock, the ex dividend date for the security is July 30, 2004, and the New Preferred will trade with a due bill for the $10.50 per share dividend between the record date and the ex dividend date. The dividend covers the period from July 1, 1999 through June 30, 2004. The company halted payment of dividends on the New Preferred Stock as of July 1, 1999 due to liquidity constraints resulting from financial difficulties the company experienced at the time. Since then, the company's bank lending agreements have prohibited the payment of any dividends on New Preferred Stock. Giving consideration to its successful recapitalization in December of 2002, and resulting improvement in its balance sheet, liquidity and earnings, the Company recently sought and received a waiver of the restrictions on dividend payments from its lender. There are currently 126,281 shares of New Preferred Stock outstanding. The issue, which matures in September 2005, has a $21.00 per share liquidation preference and $2.10 per share annual dividend rate. The company expects to make normal quarterly dividend payments of $.525 per share beginning in October of 2004, until the shares are retired. Certain statements in this press release, which are not historical in fact, including, but not limited to, statements relating to future performance, may be deemed to be forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, performance or achievements, and may contain the words "expect", "intend", "plan", "estimate", "believe", "will be", "will continue", "will likely result", and similar expressions. Such statements inherently are subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. There are many important factors that could cause the Company's actual results to differ materially. These factors include, but are not limited to, the impact of certain covenants in loan agreements of the Company and its subsidiaries, the Company's continued need for financing, availability of the Company's credit facilities, and other factors more fully discussed and identified under Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations," risk factors and other risks identified in the Company's Annual Report on Form 10-K, filed with the SEC on March 30, 2004, as well as in the Company's other filings with the SEC. Many of these factors are beyond the Company's control. In addition, it should be noted that past financial and operational performance of the Company is not necessarily indicative of future financial and operational performance. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements. The forward-looking statements in this release speak only as of the date of this release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based. FirstCity Financial is a diversified financial services Company with operations dedicated to portfolio asset acquisition and resolution and consumer lending with offices in the US and with affiliate organizations in France and Mexico. Its common (FCFC) and preferred (FCFCO) stocks are listed on the NASDAQ National Market System. -----END PRIVACY-ENHANCED MESSAGE-----