SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
NEWTEK CAPITAL, INC.
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(Exact name of small business issuer as specified in its charter)
New York 001-16123 11-3504638
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(State or other jurisdiction of (Commission file (I.R.S. Employer
incorporation or organization) number) Identification No.)
100 Quentin Roosevelt Blvd., Garden City, NY 11530
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(Address of principal executive offices) (Zip Code)
Issuer's telephone number, including area code: (516) 390-2260
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ITEM 5 - OTHER EVENTS
On April 10, 2002, the Registrant announced that on March 28, 2002 a
subsidiary of American International Group, Inc. (AIG) acquired 333,333 shares
of Registrant's common stock at a price of $3.00 per share in a private
placement. In addition, three AIG subsidiaries exchanged their warrants in the
Registrant's subsidiary certified capital companies for a total of 676,000
shares of Registrant's common stock, based upon an exchange valuation of $4.00
per share. The Registrant has agreed to file with the Securities and Exchange
Commission a registration statement to permit the resale of all of these shares
within 45 days from the date of the transactions. A copy of the Press Release
issued by the Registrant is attached as Exhibit 99.1 to this Current Report on
Form 8-K and is incorporated by reference in this Item.
The Registrant also entered into agreements with other participants in its
certified capital company programs to exchange their warrants for the
Registrant's common stock. The companies and their share acquisitions are:
Massachusetts Mutual Life Insurance Company, 192,449 shares, American Family
Mutual Insurance Company, 53,723 shares, Pacific Life Insurance Company, 52,444
shares and Northwestern Mutual Life Insurance Company, 53,959 shares. All have
agreed to exchange their warrants for the total of 352,575 shares of the
Registrant's common stock, on the same terms and conditions as the AIG
companies.
ITEM 7 - FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
Exhibit 99.1 NEWTEK CAPITAL, INC. RECEIVES AN INVESTMENT FROM
SUBSIDIARIES OF AMERICAN INTERNATIONAL GROUP, INC. AND
OTHER INSURANCE COMPANIES
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
NEWTEK CAPITAL, INC.
Date: April 10, 2002 /s/ Barry Sloane
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Barry Sloane
Chairman of the Board, Chief Executive
Officer, and Secretary
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