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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) May 16, 1997
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SEARCH FINANCIAL SERVICES INC.
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(Exact name of registrant as specified in charter)
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DELAWARE 0-9539 41-1356819
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(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
600 N. PEARL STREET
SUITE 2500
DALLAS, TEXAS 75201-2899
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (214) 965-6000
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SEARCH CAPITAL GROUP, INC.
700 NORTH PEARL STREET, SUITE 400
DALLAS, TX 75201-7490
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On May 16, 1997, Registrant announced that it had changed its name to
Search Financial Services Inc. and that the stock symbols for its common stock
and 9%/7% convertible preferred stock on The Nasdaq National Market had changed
to SFSI and SFSIP, respectively.
The press release issued by Registrant with respect to the name and
stock symbol changes is filed herewith as Exhibit 99.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(C) EXHIBITS.
Exhibit No. Description
99 Press Release dated May 16, 1997
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SIGNATURE
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.
SEARCH FINANCIAL SERVICES INC.
By: /s/ Ellis A. Regenbogen
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Ellis A. Regenbogen
Executive Vice President
Dated: May 21, 1997
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EXHIBIT INDEX
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Exhibit No. Description
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99 Press Release dated May 16, 1997
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EXHIBIT 99
Contact: Jay Barta
Levenson Public Relations
(214) 880-0200
or
James F. Leary
Vice Chairman, Finance
(214) 965-6000
FOR IMMEDIATE RELEASE: May 16, 1997
SEARCH CAPITAL GROUP, INC. ANNOUNCES NAME CHANGE TO
SEARCH FINANCIAL SERVICES INC.
DALLAS, Texas -- Search Capital Group, Inc. announced that it has changed its
name to Search Financial Services Inc. effective as of the close of business
today.
George C. Evans, Search Chairman and Chief Executive Officer stated,
"Over the last two years, Search has achieved recognition in the industry for
our turnaround efforts and has often been referred to as the NEW Search Capital
Group, Inc. We believe this change in our corporate identity will better
support our growth and diversification plans as we expand our consumer finance
business."
In connection with the name change, Search's publicly-traded
securities will be identified with new stock symbols. Effective at the open of
business on Monday, May 19, 1997, Search's common stock symbol will be SFSI and
its 9%/7% convertible preferred stock symbol will be SFSIP on the NASDAQ
National Market
Search is a specialized financial services company engaged in the
purchasing, financing, and servicing of nonprime automobile installment loans
originated by franchised and independent automobile dealers. Search also
engages in non-auto consumer finance operations.
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