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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): February 18, 2000
UNITED PANAM FINANCIAL CORP.
(Exact name of Registrant as specified in its charter)
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<CAPTION>
California 000-24051 95-3211687
<S> <C> <C>
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification Number)
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1300 South El Camino Real
San Mateo, California 94402
(Address of principal executive offices)(Zip Code)
(650) 345-1800
(Registrant's telephone number, including area code)
Not applicable
(Former name, former address and former fiscal year,
if changed since last report)
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Item 5. Other Events.
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United PanAm Financial Corp. ("the Company") has discontinued
its subprime mortgage origination operations, effective February 9,
2000. In connection with this decision, the Company sold an
insignificant amount of assets to another mortgage company. The
estimated unaudited after-tax charge associated with the
discontinuance of the Company's subprime mortgage origination
operations is $6.2 million. However, actual results may differ from
those currently anticipated and management's final determination of
these charges will be included in the Company's 1999 results of
operations, which will be set forth in the Annual Report on Form 10-
K to be filed by the Company for the year ended December 31, 1999.
Item 7. Financial Statements and Exhibits.
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Not applicable
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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.
United PanAm Financial Corp.
Date: March 3, 2000 By: /s/ Lawrence J. Grill
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Lawrence J. Grill
President and Chief Executive Officer
(Principal Executive Officer)
March 3, 2000 By: /s/ Carol M. Bucci
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Carol M. Bucci
Senior Vice President
and Chief Financial Officer
(Principal Financial and Accounting
Officer)
