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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 (Date of earliest event reported):
December 16, 1999
Elk Associates Funding Corporation
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(Exact name of registrant as specified in its charter)
New York 814-00177 11-2502336
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(State or other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification No.)
747 Third Avenue, 4th Floor, New York, New York 10017
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(Address of principal executive offices and zip code)
800-214-1047
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(Registrant's telephone number, including area code)
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Item 5. Other Events
At a special meeting of the shareholders of Elk Associates Funding
Corporation ("Elk") on December 16, 1999, the shareholders of Elk approved a
share exchange (the "Share Exchange") with Ameritrans Capital Corporation
("Ameritrans") pursuant to an aggrement and plan of share exchange (the
"Agreement and Plan of Share Exchange").
In accordance with Section 913 of the Business Corporation Law of the
State of New York, Elk has submitted a certificate of exchange with the New York
Department of State on December 16, 1999. Upon the filing of the certificate of
exchange by the Department of State, the Share Exchange shall be effective.
Pursuant to the Agreement and Plan of Share Exchange, each share of Elk's common
stock will be convertible into one (1) share of common stock of Ameritrans.
As a result of the Share Exchange, (i) Ameritrans will be the sole
holder of all the outstanding Elk common stock, and (ii) the former holders of
the outstanding shares of Elk Common Stock (other than any dissenting
stockholders which may exercise appraisal rights) would be the sole holders of
outstanding Ameritrans Common Stock, and will hold Ameritrans Common Stock in
the same relative proportion as they hold Elk Common Stock at the time of Share
Exchange.
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EXHIBIT INDEX
Exhibit No. Description
A Agreement and Plan of Share Exchange, dated October 21, 1999,
between Elk and Ameritrans.
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* Incorporated by reference from the Registrant's Proxy Statement on
Form 14A (File No. 814-00177), filed November 12, 1999.
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SIGNATURES
Pursuant to the requirements of 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.
ELK ASSOCIATES FUNDING CORPORATION
By: /s/ Gary C. Granoff
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Gary C. Granoff
President
Dated: December 21, 1999
