<PAGE> 1
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 18, 1999
ALTIVA FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-21689 88-0286042
(State or other jurisdiction (Commission File Number) (IRS Employer
or incorporation) Identification Number)
1000 PARKWOOD CIRCLE, 6TH FLOOR
ATLANTA, GEORGIA 30339
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (770) 952-6700
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
- --------------------------------------------------------------------------------
<PAGE> 2
Item 5. Other Events
On May 18, 1999, Altiva Financial Corporation issued a press release
regarding the shifting of the trading of its common stock, par value $0.01,
from the Nasdaq National Market to the Nasdaq Small Cap Market, effective May
19, 1999.
Item 7. Exhibits
Exhibit No.
- -----------
99.1 Press release dated May 18, 1999
-2-
<PAGE> 3
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.
Date: May 20, 1999
ALTIVA FINANCIAL CORPORATION
By: /s/ J. Richard Walker
-----------------------------------
J. Richard Walker
Executive Vice President and
Chief Financial Officer
-3-
<PAGE> 4
EXHIBIT INDEX
99.1 Press release dated May 18, 1999
-4-
<PAGE> 1
NEWS RE:
BULLETIN
FROM 1000 Parkwood Circle
FRB 6th Floor
Atlanta, GA 30339
- --------------------------------------------------------------------------------
The Financial Relations Board, Inc.
FOR FURTHER INFORMATION:
AT THE COMPANY AT THE FINANCIAL RELATIONS BOARD
Champ Meyercord, Chairman & CEO General Info: Paula Schwartz (212) 661-8030
J. Richard Walker, EVP & CFO Analyst Info: Cecelia Heer (212) 661-8030
(800) 550-6346
FOR IMMEDIATE RELEASE
---------------------
May 18, 1999
ALTIVA FINANCIAL CORPORATION SHIFTS TRADING TO
THE NASDAQ SMALLCAP MARKET
ATLANTA, GEORGIA, MAY 18, 1999 - Altiva Financial Corporation (Nasdaq:ATVA)
today reported that its common stock, previously traded on the Nasdaq
National Market, will commence trading on the Nasdaq SmallCap Market
tomorrow morning, May 19, 1999.
The move to the SmallCap Market resulted from the decrease in the market
value of the Company's public float below the listing requirements of the
Nasdaq National Market. Nasdaq trading on the SmallCap Market will continue
uninterrupted as before under the same stock symbol.
The Company noted that the Nasdaq SmallCap Market offers both the Company
and its present and prospective shareholders transaction data similar to
that reported by the Nasdaq National Markets, including bid and asked
prices, last-sale prices and volume information.
Altiva Financial Corporation is a specialty financial services company that
originates, purchases and sells sub-prime home equity loans, conventional
home improvement loans, as well as debt consolidation loans and FHA Title I
loans. The Company is headquartered in Atlanta, Georgia and maintains 20
branch offices nationwide.
###
To receive Altiva Financial's latest news release and other corporate documents
via FAX -- no cost -- please dial 1-800-PRO-INFO. Use Company Code ATVA
Or visit Altiva Financial's pages at www.frbinc.com.
