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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) July 30, 1999.
CompuCredit Corporation
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(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Georgia 000-25751 58-2336689
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(State or Other (Commission File Number) (IRS Employer
Jurisdiction Identification Number)
of Incorporation)
One Ravinia Drive,
Suite 500
Atlanta, Georgia 30346
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(Address of Principal (Zip Code)
Executive Office)
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Registrant's telephone number, including area code (770) 206-6200
Two Ravinia Drive
Suite 1750
Atlanta, Georgia
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(Former Name or Former Address, if Changed Since Last Report)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 1. Not Applicable.
Item 2. Not Applicable.
Item 3. Not Applicable.
Item 4. Not Applicable.
Item 5. On July 30, 1999, CompuCredit Corporation issued a notice
pursuant to Rule 135(c) under the Securities Act announcing
the private placement of Series A Convertible Preferred
Stock in the amount of $100,000,000 (2,000,000 shares).
Item 6. Not Applicable.
Item 7. Exhibits.
The following is filed as an Exhibit to this Report under
Exhibit A.
Exhibit A Rule 135(c) Notice.
Item 8. Not Applicable.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
CompuCredit Corporation has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
COMPUCREDIT CORPORATION
By:________________________
Name: _____________________
Title: ___________________
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
CompuCredit Corporation has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
COMPUCREDIT CORPORATION
By: /s/ Brett M. Samsky
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Name: Brett M. Samsky
Title: Chief Financial Officer
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EXHIBIT INDEX
Exhibit Description
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A Rule 135(c) Notice
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EXHIBIT A
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FOR IMMEDIATE RELEASE
COMPUCREDIT TO ISSUE SERIES A CUMULATIVE CONVERTIBLE PREFERRED STOCK
Atlanta, Georgia, July 28, 1999--CompuCredit Corporation (the "Company") today
announced that it will offer $100,000,000 (2,000,000 shares) of Series A
Cumulative Convertible Preferred Stock (the "Preferred Stock") to certain
institutional investors in an offering exempt from registration. The Preferred
Stock will have a liquidation preference of $50 per share. The Company has
granted the initial purchasers of the Preferred Stock an option to purchase an
additional 300,000 shares to cover over-allotments. The Preferred Stock has not
been registered under the Securities Act of 1933 and may not be offered or sold
in the United States absent registration or an applicable exemption from the
registration requirements.
CompuCredit expects to use the proceeds of the Preferred Stock to finance
the growth of its business through the origination and purchase of credit card
receivables and for marketing costs, working capital and other general corporate
purposes.
The offering is currently scheduled to close in August 1999.