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)
May 5, 2000
ITLA CAPITAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
DELAWARE 0-26960 95-4596322
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
888 Prospect Street, Suite 110 La Jolla, California 92037
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (858) 551-0511
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N/A
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
ITLA Capital Corporation issued a press release dated May 5, 2000, attached
hereto as Exhibit 99, announcing the appointment of Timothy Doyle as its new
Chief Financial Officer and Don Nickbarg as Treasurer.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
Exhibit 99 Press Release dated May 5, 2000.
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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 thereunto duly authorized.
ITLA CAPITAL CORPORATION
Date: May 18, 2000 By: /s/ Timothy M. Doyle
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Timothy M. Doyle
Chief Financial Officer
EXHIBIT 99
FOR IMMEDIATE RELEASE
ITLA CAPITAL CORPORATION APPOINTS
TWO KEY FINANCIAL OFFICERS
TIMOTHY DOYLE BECOMES CHIEF FINANCIAL OFFICER,
DON NICKBARG NAMED TREASURER
La Jolla, Calif. (May 5, 2000) -- ITLA Capital Corporation (NASDAQ-ITLA)
today announced the appointment of Timothy M. Doyle as its new Chief Financial
Officer and Don Nickbarg as Treasurer. The move is part of a succession plan
following the resignation of Chief Financial Officer Michael A. Sicuro, who has
accepted a similar post with a local technology company.
ITLA Capital Corporation President and Chief Executive Officer George W.
Haligowski stated that: "Michael has made significant contributions to the
Company's successes over the last four years. We wish him well in his future
endeavors in the technology arena."
Sicuro commented: "I have been honored and privileged to have worked with
George and the entire ITLA team over the last four years and will continue to be
a strong supporter of the Company and its mission."
Haligowski continued: "Tim Doyle has been a solid member of our management
team since 1996 and has over 20 years of experience as a finance professional.
His expertise in budget administration and efficiencies will continue to set the
course for the company's operations and assure a smooth transition."
Assisting Doyle and reporting directly to Haligowski, Nickbarg brings 25
years of global finance experience to the ITLA team. "In his post as Treasurer,
Nickbarg's blue chip background in treasury functions and international
investment banking will be a tremendous asset to the Company," said Haligowski.
Doyle has been Managing Director and Chief Administrative Officer since
joining ITLA in 1996 and has been active in the Company's capital markets
activities. Prior to joining ITLA, Doyle was the Controller and Director of
Operations at Northeastern Plastics in New York (1995-1996), Assistant
Controller of Alpha Wire Corporation (1992-1994), and as Vice President and
Chief Financial Officer of Halivest International (1989-1991). Prior to that,
Doyle was the Chief Financial Officer of the Shepaug Corporation in New York
(1982-1988), and he was a certified public accountant with a New York-based
accounting and tax firm (1979-1982).
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Nickbarg joined ITLA in 1998 and most recently served as Deputy Managing
Director of new business development. Prior to joining ITLA, he spent eight
years in New York, working as a consultant with Centennial International LLC
(1996-1998), as CFO for AIOC Corp. (1994-1996), and as Vice President and Team
Leader at Chase Manhattan Bank (1990-1994). His international resume includes
four years in London as Vice President and Treasurer of Drexel Burnham Lambert
Holdings, Ltd. (1986-1990) and six years as Vice President of the Hong Kong and
Shanghai Banking Corp. Marine Midland Bank in Singapore, London and New York.
"Safe Harbor" statement under the Private Securities Litigation Reform Act
of 1995: This release contains forward looking statements that are subject to
risks and uncertainties, including, but not limited to, changes in economic
conditions in the Company's market areas, changes in policies by regulatory
agencies, the impact of competitive loan products, loan demand risks,
fluctuations in interest rates and operating results and other risks detailed
from time to time in the Company's filings with the Securities and Exchange
Commission. The Company cautions readers not to place undue reliance on any
forward looking statements. The Company does not undertake and specifically
disclaims any obligation, to revise any forward looking statements to reflect
the occurrence of anticipated or unanticipated events or circumstances after the
date of such statements. These risks could cause the Company's actual results
for 2000 and beyond to differ materially from those expressed in any forward
looking statements by, or on behalf of, the Company.
ITLA Capital Corporation and its subsidiaries is the largest financial
services company headquartered in San Diego County and is the parent company of
Imperial Capital Bank which has offices in California and Nevada, ITLA
Commercial Securitization Corporation (the REIT), ITLA Funding Corporation and
ITLA Commercial Investment Corporation.
For additional information, contact Timothy M. Doyle, Managing Director and
Chief Financial Officer at (858) 551-0511.
