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
October 31, 2000
Date of Report
(Date of Earliest Event Reported)
Ameritrans Capital Corporation
(Exact name of Registrant as specified in its charter)
Delaware 333-63951 52-2102424
(State or other jurisdiction of (Commission (I.R.S. Employee
incorporation or organization) File No.) I.D. Number)
747 Third Avenue, 4th Floor
New York, New York 10017
(Address of principal executive offices) (Zip Code)
(800) 214-1047
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On May 4, 2000, an Agreement and Plan of Merger (the "Merger Agreement")
was executed by and among Medallion Financial Corp. ("Medallion"), AMTC Merger
Corp., a wholly-owned subsidiary of Medallion ("Merger Corp.")., and Ameritrans
Capital Corporation (the "Company" or "Ameritrans"). On October 31, 2000 the
parties executed Amendment No. 9 to the Merger Agreement pursuant to which
Ameritrans and Medallion agreed (i) that the average closing sale price per
share of Medallion's common stock on the NASDAQ Market during the Determination
Period (as defined in the Merger Agreement) at which either party shall have the
right to terminate the Merger Agreement shall be reduced from $15.00 to $14.00
per share; (ii) that the purchase price (i.e., number of Medallion shares) to be
paid to the Company's shareholders if the average price per share of Medallion
common stock during the Determination Period is between $14.00 and $14.99 shall
be calculated by dividing $8.01 by such average closing price of the Medallion
common stock; (iii) to the modification of certain representations by the
Company; (iv) that the date by which Medallion shall have obtained either
approval of the Company's lenders to the merger or shall have obtained financing
satisfactory to it shall be extended from November 1, 2000, to November 30,
2000; and (v) the date by which the merger must be completed shall be extended
from December 31, 2000, to January 31, 2001, unless the only condition remaining
to be satisfied under the Agreement is obtaining SBA approval, in which event,
such outside date shall be February 23, 2001. The Company is also presently in
discussions with Medallion regarding a further extension of the date by which
Medallion shall have obtained either the consent of the Company's lenders or
financing satisfactory to Medallion.
(c) EXHIBITS.
(2.1) Amendment No. 9 dated as of October 31, 2000, by and among Medallion
Financial Corp., AMTC Merger Corp. and Ameritrans Capital Corporation.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly authorized and caused the undersigned to sign this Report on
the Registrant's behalf.
AMERITRANS CAPITAL CORPORATION
By: /s/ Gary Granoff
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Name: Gary Granoff
Title: President
Dated: November 16, 2000
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