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: March 5, 2003
EMERGENT GROUP INC.
Nevada 0-21475 93-1215401
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
932 Grand Central Avenue, Glendale, CA 91201
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (818) 240-8250
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Not Applicable
(Former name or former address, if changed since last report.)
Item 5. Other Events and Regulation FD Disclosure
As disclosed in Emergent Group Inc.'s recent filings under the Securities
Exchange Act of 1934, as amended, Emergent entered into a Stock Issuance
Agreement, dated December 30, 2002, with BJH Management, LLC to issue to BJH
Management 11,502,970 shares of Emergent's Common Stock which was intended to
equal 17 1/2% of Emergent's fully diluted common shares outstanding, as defined.
In February 2003, Emergent entered into an agreement with BJH Management to
correct the number of shares issued to BJH Management by changing the number
from 11,502,970 shares to 13,942,994 shares. The additional 2,440,024 shares
were issued on February 27, 2003.
Item 7. Financial Statements and Exhibits
(c) Exhibits
10.1 February 12, 2003 Amendment to Stock Issuance Agreement.
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.
EMERGENT GROUP INC.
By: /s/ Bruce J. Haber
Bruce J. Haber,
Chief Executive Officer
Date: March 5, 2003