SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of Earliest Event Reported): June 12, 1998
National Auto Finance Company, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-22067 65-0688619
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(Commission File Number) (I.R.S. Employer
Identification No.)
621 N.W. 53rd Street, Suite 200
Boca Raton, Florida 33487
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(Address of Principal Executive Offices) (Zip Code)
(561) 997-2413
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(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
Filed herewith and incorporated herein by reference is a copy of the
National Auto Finance Company, Inc. (the "Company") Press Release, dated June
12, 1998, announcing the resignation of Stephen L. Gurba as a director of the
Company.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(a) Exhibits.
(99) Press Release, dated June 12, 1998.
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NATIONAL AUTO FINANCE COMPANY, INC.
FORM 8-K
CURRENT REPORT
Exhibit Index
Exhibit No. Description Page
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(99) Press Release,
dated June 12, 1998
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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 hereto duly authorized.
Date: June 18, 1998.
NATIONAL AUTO FINANCE COMPANY, INC.
By: /s/ Kevin G. Adams
Name: Kevin G. Adams
Title: Senior Vice President, Finance
EXHIBIT (99)
[National Auto Finance Company, Inc. Logo]
Contact: Joel B. Ronkin
Vice President
(800) 999-7535
NATIONAL AUTO FINANCE COMPANY, INC.
ANNOUNCES THE RESIGNATION OF DIRECTOR STEPHEN GURBA
BOCA RATON, Fla. (June 12, 1998) - National Auto Finance Company, Inc.
(Nasdaq/NM:NAFIE) today announced that Stephen L. Gurba has resigned from the
Board of Directors.
"We want to express our appreciation to Steve for his efforts during his
one-year tenure as a director," commented Keith B. Stein, Chief Executive
Officer. "We wish him the best in his future endeavors."
National Auto Finance is a specialized consumer finance company engaged
in the purchase, securitization and servicing of automobile loans primarily
originated by manufacturer-franchised automobile dealers for non-prime
consumers. The Company markets its products and services to dealers through the
efforts of its direct sales force and through strategic referral and marketing
alliances with financial and other institutions that have established
relationships with dealers. The Company has contractual relationships with
approximately 2,600 dealers in 40 states.
This news release contains statements that are forward-looking
statements within the meaning of applicable federal securities laws and are
based upon the Company's current expectations and assumptions which are subject
to a number of risks and uncertainties, which could cause actual results to
differ materially from those anticipated. Primary factors that could cause
actual results to differ include the availability of financing on terms and
conditions acceptable to the Company, the ability of the Company to securitize
its finance contracts in the asset-backed securities market on terms and
conditions acceptable to the Company, and changes in the quality or composition
of the serviced loan receivable portfolio. Certain of these as well as other
factors are described in more detail in the Company's Annual Report on Form 10-K
for the year ended December 31, 1997, and in certain other reports filed by the
Company with the Securities and Exchange Commission.
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