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: August 5, 2003





                              EMERGENT GROUP INC.




         Nevada                        0-21475             93-1215401
 (State or other jurisdiction         (Commission       (IRS Employer
  of incorporation)                    File Number)      Identification No.)



  932 Grand Central Avenue, Glendale, CA                       91201
  (Address of principal executive offices)                   (Zip Code)



Registrant's telephone number, including area code:        (818) 240-8250


                                 Not Applicable

         (Former name or former address, if changed since last report.)


Item 5.   Other Events and Regulation FD Disclosure

     Emergent  filed an  Information  Statement with the Securities and Exchange
     Commission  with respect to the  proposals  listed below.  The  Information
     Statement  was  mailed  to  stockholders  of  record  on July 15,  2003 and
     stockholders  consisting of its officers and  directors  holding at least a
     majority of the outstanding shares of Common Stock of Emergent submitted to
     the Secretary of Emergent  their  consent to the proposals  listed below on
     August 5, 2003.  The  reverse  stock  split will  become  effective  on the
     opening of business on August 29, 2003.  The  following  are the  proposals
     approved by stockholders by majority consent:

          (1) The re-election of Bruce J. Haber,  Mark Waldron,  Howard Waltman,
Daniel  Yun and  Matthew  K.  Fong for a period  of one  year  and  until  their
successors are elected and shall qualify;

          (2)  The  ratification  of  the  Board's  selection  of  Singer  Lewak
Greenbaum & Goldstein  LLP as the  Company's  independent  auditors for the year
ending December 31, 2003;

          (3) An amendment to the Company's  Articles of  Incorporation  and the
filing of said  amendment with the Secretary of State of the State of Nevada (a)
changing  the par value of the  Company's  Common  Stock from $.001 par value to
$.04 par value;  and (b)  reducing  the number of  outstanding  shares of Common
Stock through a one-for-40 reverse stock split, effective August 29, 2003, to be
accomplished  by all  stockholders  of record at the close of business on August
28, 2003, being requested to exchange every 40 shares of Common Stock, $.001 par
value, for one new share of Common Stock, $.04 par value;

          (4) The  ratification  of the Company's  2002 Employee and  Consulting
Compensation Plan covering 325,000 post-split shares of Common Stock; and

          (5) The  ratification of the Company's 2001 Stock Option Plan covering
14,625 post-split shares of Common Stock.


                                   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:  August 5, 2003