EMERGENT GROUP INC
10-C, 1996-03-06
PERSONAL CREDIT INSTITUTIONS
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<PAGE>   1
                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                  FORM 10-C

               REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ

                         INTERDEALER QUOTATION SYSTEM

                 FILED PURSUANT TO SECTION 13 OR 15(d) OF THE

               SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17

                             OR 15d-17 THEREUNDER

                             EMERGENT GROUP, INC.
              -------------------------------------------------
                (Exact name of issuer as specified in charter)

                     P.O. BOX 17526, GREENVILLE, SC 29606
              -------------------------------------------------
                   (Address of principal executive offices)

Issuer's telephone number, including area code  864-235-8056
                                              ----------------------------------

                  I. CHANGE IN NUMBER OF SHARES OUTSTANDING

        Indicate any change (increase or decrease) of 5% or more in the number
of shares outstanding:

1. Title of security  CLASS A COMMON STOCK, PAR VALUE $.05
                      ----------------------------------------------------------

2. Number of shares outstanding before the change   3,193,571
                                                   -----------------------------

3. Number of shares outstanding after the change    6,387,142
                                                  ------------------------------

4. Effective date of change   MARCH 1, 1996
                             ---------------------------------------------------
                             
5. Method of change:

        Specify method (such as merger, acquisition, exchange, distribution,
        stock split, reverse split, acquisition of stock for treasury, etc.)

        TWO-FOR-ONE STOCK SPLIT EFFECTED IN THE FORM OF A 100% STOCK DIVIDEND
        ---------------------------------------------------------------------

        Give brief description of transaction   EACH SHAREHOLDER WAS SENT ONE
                                               ---------------------------------
        SHARE OF COMMON STOCK FOR EACH SHARE OWNED AS OF THE RECORD DATE.
        ------------------------------------------------------------------

                         II. CHANGE IN NAME OF ISSUER

1. Name prior to change
                        --------------------------------------------------------
                       
2. Name after change                                                            
                     -----------------------------------------------------------
                                                    
3. Effective date of charter amendment changing name
                                                     ---------------------------
                                                      
4. Date of shareholder approval of change, if required
                                                       -------------------------

Date  MARCH 6, 1996                         /s/ ROBERT S. DAVIS, Vice President
    ----------------------                  ------------------------------------
                                                (Officer's signature and title)




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