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): June 18, 2002
HPSC, Inc.
(Exact name of registrant as specified in its charter)
Delaware |
| 0-11618 |
| 04-256004 |
(State or other jurisdiction |
| (Commission |
| (IRS Employer |
of incorporation) |
| File Number) |
| Identification No.) |
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60 State Street, Boston, MA |
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| 02109 |
(Address of principal executive offices) |
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Registrant’s telephone number, including area code: (617) 720-3600
Item 5. Other Events.
On June 17, 2002, HPSC, Inc. (the “Company”) issued a press release announcing that the Company had uncovered an incident of employee fraud in the factoring portfolio of its subsidiary company, American Commercial Finance Corporation, in the amount of approximately $5 million over a period of four to five years. The Company also announced that its existing credit agreement with Fleet National Bank was extended until August 5, 2002. The press release is hereby incorporated by reference herein, and attached hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit Number
99.1 Press Release dated June 17, 2002
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.
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| HPSC, Inc. |
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| Registrant |
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DATED: | June 18, 2002 |
| By: | /s/ John W. Everets |
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| John W. Everets |
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| Chairman and Chief |
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| Executive Officer |
