UNITED STATES
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) September 19, 1997
RELIANCE ACCEPTANCE GROUP, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware 0-23854 36-3235321
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
400 North Loop 1604 East, Suite 200, San Antonio, Texas 78232
(Address of Principal Executive Offices) (Zip Code)
(210) 496-5910
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5: Other Events
On September 19, 1997, Reliance Acceptance Group, Inc. ("RAG") announced
the resignation of Jack E. Plunkitt as its President and Chief Operating Officer
and as a Director.
On September 21, 1997, James T. Moran became one of the principal executive
officers of RAG. James T. Moran became President and Chief Executive Officer of
RAG. Mr. Howard B. Silverman, Mr. Moran's immediate predecessor as CEO of RAG,
will remain in his previous role as Chairman of the Board.
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.
Date: September 30, 1997 By: /s/ James I. Kaplan
------------------------ -------------------------
Senior Vice President, General Counsel and
Corporate Secretary
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