<PAGE> 1
- --------------------------------------------------------------------------------
SECURITY 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): April 19, 2000
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
of 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 April 19, 2000, Altiva Financial Corporation (the "Company") issued
a press release announcing that as of Friday, April 14, 2000 it had ceased
origination of loans and had reduced staff by 90% in both Atlanta and its
wholly owned subsidiary, The Money Centre in Charlotte, North Carolina. These
actions were taken when an immediate cash infusion into the Company was not
available. Consequently the Company was not able to continue normal operations.
The Company is pursuing an orderly winding-down of business activities and is
seeking an arrangement with its creditors.
Item 7. Exhibits.
Exhibit No.
-----------
99.1 -- Press release dated April 19, 2000
<PAGE> 3
EXHIBIT INDEX
99.1 -- Press release dated April 19, 2000
<PAGE> 4
SIGNATURE
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.
ALTIVA FINANCIAL CORPORATION
By: /s/ J. RICHARD WALKER
----------------------------------
J. Richard Walker
Executive Vice President
Chief Financial Officer
Date: April 19, 2000
<PAGE> 1
ALTIVA FINANCIAL CORPORATION REPORTS CESSATION OF LOAN ORIGINATIONS
AND MAJOR STAFF REDUCTIONS
Altiva Financial Corporation (Nasdaq: ATVA) today reported that as of
Friday, April 14, 2000 it had ceased origination of loans and had reduced staff
by 90% in both Atlanta and its wholly owned subsidiary, The Money Centre in
Charlotte, North Carolina.
The above actions were taken when an immediate cash infusion into the
company was not available. Consequently, the Company was not able to continue
normal operations. The company is pursuing an orderly winding-down of business
activities and is seeking an arrangement with its creditors.
Altiva Financial Corporation is a specialty financial services company
headquartered in Atlanta, Georgia.
