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 11, 1997
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DEGEORGE FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-20832 41-1625724
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
99 Realty Drive, Cheshire, Connecticut 06410
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(Address of principal executive offices) (Zip Code)
(203) 699-3400
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(Registrant's telephone number, including area code)
Page 1 of 9 pages
Exhibit Index is on page 7
DEGEORGE FINANCIAL CORPORATION
INDEX TO FORM 8-K
INFORMATION PAGE NO.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT 3
ITEM 5. OTHER EVENTS 4
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS 5
Index to Exhibits 7
2
DEGEORGE FINANCIAL CORPORATION
ITEM 4--CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT:
Effective September 12, 1997, the Company has retained McGladrey & Pullen, LLP
as its independent certified public accounting firm.
3
ITEM 5--OTHER EVENTS:
BUY-OUT PROPOSAL
On September 12, 1997, the Company received a proposal from the Company's
chairman to take the Company private in a negotiated business combination.
Under the buy-out proposal, a new company will be formed by the Company's
chairman and possibly certain other persons to acquire all outstanding common
stock of the Company, other than shares owned by members of the buy-out group,
at a cash price of $1.30 per share.
NASDAQ LISTING
By letter dated September 11, 1997, The Nasdaq Stock Market, Inc. ("Nasdaq")
notified the Company that, based upon the Company's Form 10-Q report for the
quarter ended June 30, 1997, Nasdaq intended to review the Company's
eligibility for continued listing in light of Nasdaq's minimum net tangible
assets requirement.
4
ITEM 7--FINANCIAL STATEMENTS AND EXHIBITS:
(c) Exhibits:
1. Press Release of DeGeorge Financial Corporation dated September 15,
1997.
2. Press Release of DeGeorge Financial Corporation dated September 17,
1997.
5
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.
DEGEORGE FINANCIAL CORPORATION
(Registrant)
Dated: September 19, 1997
By: /s/ SALVATORE A. BUCCI
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Salvatore A. Bucci
Senior Vice President and
Chief Financial Officer
6
INDEX TO EXHIBITS
Exhibit Description Page No.
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1. Press Release of DeGeorge Financial Corporation dated
September 15, 1997. 8
2. Press Release of DeGeorge Financial Corporation dated
September 17, 1997. 9
7