UNITED STATES
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
Date of Report: July 7, 1998
EMERGENT GROUP, INC.
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(Exact name of registrant as specified in its charter)
South Carolina 0-8909 57-0513287
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(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification Number)
Suite 750, 15 South Main Street, Greenville, South Carolina 29601
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864) 235-8056
The Exhibit Index appears on page 4 hereof.
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ITEM 5. OTHER EVENTS
On June 10, 1998, at Emergent Group, Inc.'s (the "Company's") 1998
Annual Meeting of Shareholders, shareholders owning a majority of the Company's
issued and outstanding common stock as of April 23, 1998 approved a proposal to
change the Company's name to "HomeGold Financial, Inc." The corporate name
change became effective as of 12:01 a.m., Eastern Daylight Savings Time, on July
1, 1998. Articles of Amendment effecting the Company's name change were filed
with the Secretary of State for the State of South Carolina on June 24, 1998.
The Company's common stock began trading on The Nasdaq Stock Market under the
ticker symbol "HGFN" effective as of the opening of The Nasdaq Stock Market on
July 1, 1998.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS.
3.1 Articles of Amendment of the Company's Articles of
Incorporation filed with the Secretary of State of
South Carolina on June 24, 1998.
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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.
EMERGENT GROUP, INC.
July 7, 1998 By: /s/ John M. Sterling, Jr.
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John M. Sterling, Jr.
President and Chief Executive Officer
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EXHIBIT INDEX
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3.1 Articles of Amendment of the Company's Articles of Incorporation filed
with the Secretary of State of South Carolina on June 24, 1998.
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CERTIFIED TO BE TRUE AND CORRECT COPY JIM MILES 1
AS TAKEN FROM AND COMPARED WITH THE SECRETARY OF STATE
ORIGINAL ON FILE IN THIS OFFICE FILED
(stamped date)
(stamped date) JUN 24 1998
JUN 24 1998 STATE OF SOUTH CAROLINA AM PM
SECRETARY OF STATE 7 8 9 10 11 12 1 2 3 4 5 6
/s/ Jim Miles
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SECRETARY OF STATE
OF SOUTH CAROLINA ARTICLES OF AMENDMENT
Pursuant to Section 33-10-106 of the 1976 South Carolina Code, as
amended, the undersigned corporation adopts the following Articles of Amendment
to its Restated Articles on Incorportation dated May 27, 1997:
1. The name of the corporation is Emergent Group, Inc.
2. On June 10, 1998 the corporation adopted the following Amendment to its
Articles of Incorporation:
"RESOLVED, that Section 1 of the Restated Articles of
Incorporation is hereby deleted and replaced with the following:
(1) The name of the corporation shall be HomeGold Financial, Inc."
3. The manner, if not set forth in the amendment, in which any exchange,
reclassification, or cancellation of issued shares provided for in the
Amendment shall be effected, is as follows: (if not applicable, insert "not
applicable" or "NA").
Not Applicable
4. Complete either a or b, whichever is applicable.
a. X Amendment(s) adopted by shareholder action.
------- At the date of adoption of the amendment, the
number of outstanding shares of each voting group
entitled to vote separately on the Amendment, and the
vote of such shares was:
Number of Number of Number of Votes Number of Undisputed*
Voting Outstanding Votes Entitled Represented at Shares Voted
Group Shares to be Cast the Meeting For Against
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Common 9,708,083 9,708,083 8,164,951 7,986,390 156,944
b. The Amendment(s) was duly adopted by the incorporators or
-------- board of directors without shareholder approval pursuant to
Section 33-6-102(d), 33-10-102 and 33-10-105 of the 1976
South Carolina Code as amended, and shareholder action was
not required.
5. The effective date of these Articles of Amendment shall be July 1, 1998.
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Date: June 10, 1998
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Emergent Group, Inc.
(Name of Corporation)
By: /s/ John M. Sterling Jr.
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CEO
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