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UNITED STATES
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 31, 2000
Commission file number 0-28706
FIRST ALLIANCE CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 33-0721183
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(State or other jurisdiction of (I.R.S. Employer Identification Number)
incorporation or organization)
17305 VON KARMAN AVENUE, IRVINE, CALIFORNIA 92614
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (949) 224-8500
(Former name or former address, if changed since last report): Not Applicable
ITEM 1. CHANGES IN CONTROL OF REGISTRANT - NOT APPLICABLE
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS - NOT APPLICABLE
ITEM 3. BANKRUPTCY OR RECEIVERSHIP - NOT APPLICABLE
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT - NOT APPLICABLE
ITEM 5. OTHER EVENTS
Effective May 31, 2000, First Alliance Corporation ("the Company")
terminated the employment of Jeffrey Smith, Executive Vice President and Chief
Operating Officer. This termination was primarily due to the Company's filing to
reorganize under Chapter 11 of the U. S. Bankruptcy Code in the United States
Bankruptcy Court in the Central District of California, discontinuance of new
loan originations, and closure of all of its retail branches and origination
centers.
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As a result of the termination of Mr. Smith's position with the
Company, Mr. Smith submitted to the Board of Directors his resignation as a
director of the Company effective May 31, 2000.
The Board has not taken action to replace Mr. Smith.
ITEM 6. RESIGNATIONS OF REGISTRANT'S OFFICERS AND DIRECTORS - NOT APPLICABLE
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA INFORMATION, AND EXHIBITS
(a) Financial statements - not applicable.
(b) Pro forma financial information - not applicable.
(c) Exhibits - not applicable
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) 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: June 9, 2000
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FIRST ALLIANCE CORPORATION
By: /s/ FRANCISCO NEBOT
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Francisco Nebot
President and
Chief Financial Officer
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