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): September 22, 2006
FIRST MONTAUK FINANCIAL CORP.
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(Exact name of registrant as specified in its charter)
COMMISSION FILE NUMBER: 0-6729
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NEW JERSEY 22-1737915
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
Parkway 109 Office Center
328 Newman Springs Road
Red Bank, NJ 07701
(Address and zip code of principal executive offices)
(732) 842-4700
(Registrant's telephone number, including area code)
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:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On September 22, 2006, First Montauk Financial Corp. ("First
Montauk"), as tenant, and IPofA Water View, LLC, a Delaware
limited liability company, as landlord ("Landlord"), entered in
a Deed of Lease Agreement ("Lease") for general office space
consisting of approximately 29,800 useable square feet located
at 10 Highway 35, Red Bank, New Jersey in the Township of
Middletown, County of Monmouth, New Jersey ("Leased Premises").
First Montauk will use the Leased Premises as its corporate
headquarters and general office space for its business
operations. The Lease is for a term of ten years (120 months)
with a commencement date of September 22, 2006, provided that
in the event the Leased Premises cannot be delivered to
First Montauk on the commencement date for any reason, then
the commencement date will be adjusted to the date possession
is given to First Montauk and the expiration date will be
adjusted to reflect the term of the Lease. Since the Leased
Premises are scheduled to undergo renovations, the actual
commencement date is anticipated to be sometime during the
second calendar quarter of 2007. Pursuant to the Lease the
rent will be $61,090.00 per month.
Landlord is an indirect wholly-owned subsidiary of Edward H.
Okun, a private investor. Mr. Okun is also the controlling
person of FMFG Ownership, Inc. and FMFG AcquisitionCo, Inc.
which entered into an Agreement and Plan of Merger, dated as of
May 5, 2006 ("Merger Agreement") with First Montauk. Pursuant
to such Merger Agreement, upon completion of the merger, First
Montauk will no longer be a publicly traded company and will be
a wholly-owned subsidiary of FMFG Ownership, Inc.
The foregoing description of the Lease is qualified in its
entirety by reference to the Lease attached as Exhibit 10.1 to
this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
The following exhibit is filed or furnished herewith:
10.1 Form of Deed of Lease Agreement dated as of
September 22, 2006 between IPofA Water View, LLC and
First Montauk Financial Corp.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report on Form 8-K to be signed on its behalf by
the undersigned hereunto duly authorized.
FIRST MONTAUK FINANCIAL CORP.
By: /s/ Victor K. Kurylak
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Name: Victor K. Kurylak
Title: President and
Chief Executive Officer
Date: September 26, 2006
EXHIBIT INDEX
Exhibit Description
Number
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10.1 Form of Deed of Lease Agreement dated as of September 22, 2006
between IPofA Water View, LLC and First Montauk Financial Corp.