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 first reportable event): March 5, 2009 (February 26, 2009)
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VELOCITY PORTFOLIO GROUP, INC. |
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(Exact name of registrant as specified in Charter) |
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Delaware | | 000-161570 | | 65-0008442 |
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(State or other jurisdiction of incorporation) | | (Commission file no.) | | (IRS employer identification no.) |
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(Address of Principal Executive Offices) | | (Zip Code) |
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Registrant’s telephone number, including area code:(201-760-6306) |
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(Former Name or Former Address, if Changed Since Last Report) |
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:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
On February 26, 2009, Velocity Portfolio Group, Inc. (the “Company”) issued a press release announcing it has temporarily suspended the payment of dividends on its Series A Preferred Stock in order to preserve capital.
On February 27, 2009, the Company announced that it is withdrawing its registration statement for its proposed public offering of stock and warrants and that its board of directors has authorized the company to begin a process of exploring strategic alternatives to enhance stockholder value.
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Item 9.01. | Financial Statements and Exhibits. |
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| Exhibit No. | | Description |
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| 99.1 | | Press Release issued February 26, 2009 |
| 99.2 | | Press Release issued February 27, 2009 |
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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March 5, 2009 | |
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| VELOCITY PORTFOLIO GROUP, INC. |
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| James J. Mastriani |
| Chief Financial Officer |
