-----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, EN7v2fM7SiN+EF/HA+c/jiRtYzdCda1kg3f4bhFCQxjb54jfy/WtdaPAJKVMxujH 8wstWtMycE1QWekxs6xPLQ== 0000921895-04-000306.txt : 20040309 0000921895-04-000306.hdr.sgml : 20040309 20040309171338 ACCESSION NUMBER: 0000921895-04-000306 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040220 ITEM INFORMATION: Other events FILED AS OF DATE: 20040309 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEBFINANCIAL CORP CENTRAL INDEX KEY: 0000085149 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 562043000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00631 FILM NUMBER: 04658091 BUSINESS ADDRESS: STREET 1: 150 EAST 52ND STREET 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128131500 MAIL ADDRESS: STREET 1: 150 EAST 52ND ST STREET 2: 21ST FL CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: ROSES HOLDINGS INC DATE OF NAME CHANGE: 19970826 FORMER COMPANY: FORMER CONFORMED NAME: ROSES STORES INC DATE OF NAME CHANGE: 19920703 8-K 1 form8k04197_02202004.htm FORM 8K sec document 




                                  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): February 20, 2004

                            WEBFINANCIAL CORPORATION
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


   Delaware                              0-631                    56-2043000
- --------------------------------------------------------------------------------
(State or other jurisdiction          (Commission              (IRS Employer
 of incorporation)                    File Number)           Identification No.)

            590 Madison Avenue, 32nd Floor, New York, New York 10022
- --------------------------------------------------------------------------------
               (Address of principal executive offices) (zip code)


Registrant's telephone number, including area code:  (212) 758-3232
                                                     ---------------

                                       N/A
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)







Item 5. Other Events and Required FD Disclosure.
        ---------------------------------------

        WebFinancial  Corporation is announcing that notices of termination have
been issued with respect to certain  accounts  receivable  factoring and service
arrangements,  with the  terminations  to be  effective  in May  2004,  and that
another  accounts  receivable  program  was  terminated  in February  2004.  The
arrangement  regarding  accounts  receivable  factoring that has been terminated
effective in May 2004 accounted for substantially all of the revenues and income
from the Company's Accounts  Receivable  Factoring  operating segment for fiscal
2002 and 2003.  It is  possible  that this  termination  may not take  effect as
provided in the termination notice and the arrangement may continue. However, in
the event of  termination,  there can be no  assurance  that the Company will be
able to successfully enter into a replacement arrangement or arrangements.






                                   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.


                                     WEBFINANCIAL CORPORATION


Dated: March  8, 2004                By:  /s/ Glen Kassan
                                        ----------------------------------------
                                     Name:   Glen Kassan
                                     Title:  Vice President and Chief Financial
                                             Officer
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