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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
Date of Report (Date of earliest event reported): NOVEMBER 15, 2000
UNICAPITAL CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 001-13973 65-0788314
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10800 BISCAYNE BOULEVARD, MIAMI, FLORIDA 33161
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (305) 899-5000
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Item 5. Other Events
As part of its continuing restructuring efforts, the Company recently
determined to cease originating new leases and to concentrate on servicing and
realizing value from the Company's existing lease portfolio. As a result, the
Company is terminating 245 employees whose responsibilities were rendered
unnecessary by the Company's decision to cease lease originations. The Company's
remaining employees are continuing to service the Company's existing lease
portfolio and to collect payments thereon, and are fulfilling administrative
responsibilities at the Company's headquarters and operating units.
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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 hereunto duly authorized.
UNICAPITAL CORPORATION
Date: November 15, 2000 By:/s/ E. Talbot Briddell
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E. Talbot Briddell
Chief Executive Officer
