HOMEGOLD FINANCIAL INC
8-K, 2000-07-13
PERSONAL CREDIT INSTITUTIONS
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                        SECURITIES & 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 (Date of earliest event reported) July 3, 2000
                                                 ------------


                            HOMEGOLD FINANCIAL, INC.
                            ------------------------
                            (Exact Name of Registrant
                          as Specified in its Charter)

                                 South Carolina
                                 --------------
                          (State of Other Jurisdiction
                                of Incorporation)

      00 0-08909                                          57-0513287
----------------------------                ------------------------------------
(Commission File Number)                      (IRS Employer Identification No.)


           3901 Pelham Road, Greenville, South Carolina                 29615
          --------------------------------------------------------------------
            (Address of Principal Executive Offices)                 (Zip Code)

                                 (864) 289-5400
                                 --------------
                         (Registrant's Telephone Number
                              Including Area Code)

                                 Not Applicable
                                 --------------
                         (Former Name or Former Address,
                          if Changed Since Last Report)


                                   Copies to:
                                 Eric K. Graben
                     Wyche, Burgess, Freeman & Parham, P.A.
                         44 East Camperdown Way (29601)
                                  P.O. Box 728
                            Greenville, SC 29602-0728
                                 (864) 242-8200




<PAGE>

ITEM 5: OTHER EVENTS.

     On July 3, 2000, Kevin J. Mast resigned as Executive Vice President,  Chief
Financial  Officer  and  Treasurer  of the  Company  in  order to  pursue  other
interests.  Mr. Mast also resigned from all positions he held with the Company's
subsidiaries.  William E. Long,  Jr., the Company's  Executive  Vice  President,
General  Counsel and Assistant  Secretary will serve as interim Chief  Financial
Officer of the  Company  while the  Company  conducts  a search for a  permanent
replacement.


                                   SIGNATURES

     Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, as
amended,  the  registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                             HOMEGOLD FINANCIAL, INC.

Date: July 7, 2000                           By:  /s/  William E. Long, Jr.
      -------------------------                  -----------------------------
                                                 William E. Long, Jr.
                                                 Executive Vice President,
                                                 General Counsel &
                                                 Assistant Secretary



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