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): August 31, 2007
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 incorporation or (I.R.S. Employer
organization Identification No.)
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 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
On August 31, 2007, Mr. Phillip P. D'Ambrisi resigned his
positions as Chief Operating Officer of the Registrant and
its wholly owned subsidiary, First Montauk Securities Corp.
("FMSC"), a registered broker-dealer. Mr. D'Ambrisi also
resigned effective August 31, 2007 as a member of the board of
directors of the Registrant and FMSC.
Effective September 1, 2007, the Registrant and Mr. D'Ambrisi
entered into a consulting agreement ("Consulting Agreement")
pursuant to which Mr. D'Ambrisi will provide certain services to
the Registrant during the term of such Agreement. A copy of the
Consulting Agreement is attached hereto as Exhibit 10.1.
On August 31, 2007, Mr. Jeffrey J. Fahs, resigned as Executive
Vice President, General Counsel and Secretary of the Registrant
and its subsidiaries effective as of September 30, 2007, unless
the Registrant and Mr. Fahs mutually agree upon an earlier date.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
The following exhibits are filed or furnished herewith:
10.1 Consulting Agreement between the Registrant and
Phillip P. D'Ambrisi, dated September 1, 2007.
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 6, 2007
EXHIBIT INDEX
Exhibit Description
Number
10.1 Consulting Agreement between the Registrant and Phillip P.
D'Ambrisi, dated September 1, 2007.