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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): September 19, 2000
NEWTEK CAPITAL, INC.
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(Exact name of Registrant as Specified in Charter)
New York 001-16123 11-3504638
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
1500 Hempstead Turnpike, East Meadow, NY 11554
(Address of Principal Executive Offices)
(516) 390-2260
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Registrant's telephone number, including area code
Not applicable
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(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets.
On September 20, 2000 Newtek Capital, Inc. (the "Registrant") announced
that, as of September 19, 2000, it had consummated the acquisition of REXX
Environmental Corporation ("REXX") formerly traded on the American Stock
Exchange under the symbol "REX". The acquisition was accomplished pursuant to
the merger of REXX with an acquisition subsidiary of the Registrant and followed
the sale by REXX of is sole operating subsidiary, Watkins Contracting, Inc., and
the merger with another of the Registrant's subsidiaries of BJB Holdings Corp.
("BJB"). BJB holds all of the Registrant's interests in a series of six
certified capital companies and certain other subsidiaries.
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Pursuant to the merger with REXX, the Registrant issued 2,467,576 shares
of common stock and pursuant to the merger with BJB the Registrant issued
18,514,285 shares of common stock.
For additional information, reference is made to the Agreement and Plan of
Merger between REXX and Registrant dated as of December 9, 1999, attached as
Exhibit B to the Proxy Statement/Prospectus, previously filed by the Registrant
on August 18, 2000, which is part of the Registrant's Registration Statement on
Form S-4 (File No. 333-43550) and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Financial Statements of Business Acquired.
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Consolidated financial statements of REXX as of June 30, 2000 are
incorporated herein by reference to REXX's Quarterly Report on Form 10-Q (File
No. 001-14121).
(b) Pro Forma Financial Information.
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It is not currently practicable to provide the pro forma financial
information required by Item 7(b) of Form 8-K. Such pro forma financial
information will be filed by amendment to this Form 8-K no later than December
4, 2000.
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 hereunto duly authorized.
NEWTEK CAPITAL, INC.
DATE: October 4, 2000 By: /s/ Barry Sloane
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Chairman of the Board and
Chief Executive Officer
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