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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report August 16, 1996
CHANCELLOR CORPORATION
(Exact Name of Registrant as specified in its charter)
Massachusetts 2-85329 04-2626079
(State or other jurisdiction (Commission (IRS Employer Iden-
of incorporation) File Number) tification No.)
745 Atlantic Avenue, Boston, Massachusetts 02111
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (617) 728-8500
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On August 16, 1996, the Registrant issued a press release
announcing its financial results for the three months and six months ended
June 30, 1996.
Reference is made to the press release, a copy of which is
attached as an exhibit to this Form 8-K.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(c) Exhibits
1. Press release dated August 16, 1996
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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.
CHANCELLOR CORPORATION
By: /s/ Stephen G. Morison
Stephen G. Morison
President and Chief Executive
Officer
edgar8k/3
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Exhibit 1
CHANCELLOR 745 ATLANTIC AVENUE, BOSTON, MA
NEWS RELEASE 02111
(617) 728-8500
FOR IMMEDIATE RELEASE
CONTACT:
Stephen G. Morison William J. Guthlein
President and Chief Vice President, Treasurer
Executive Officer and Chief Financial Officer
(617) 728-8500 (617) 728-8500
BOSTON-BASED LEASING COMPANY ANNOUNCES SECOND QUARTER RESULTS
BOSTON, Massachusetts, August 16, 1996, Chancellor Corporation
reported net losses of $240,000 and $643,000 ($.05 and $.13 per share) for
the three months and six months ended June 30, 1996. This compares with
net losses of $677,000 and $1,386,000 ($.11 and $.22 per share) for the
same periods last year. The Company's revenues were $1.5 million and $2.9
million for the three months and six months ended June 30, 1996 as compared
to $2.0 million and $4.3 million for the corresponding
periods in 1995.
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CONSOLIDATED SUMMARY OF OPERATIONS
(In thousands except per share amounts)
Three Months Six Months
Ended June 30, Ended June 30,
1996 1995 1996 1995
<S> <C> <C> <C> <C>
Revenues $ 1,521 $ 1,957 $ 2,861 $ 4,292
Net (loss) ($ 240) ($ 677) ($ 643) ($ 1,386)
Average shares
outstanding 5,136 6,382 5,136 6,382
Net (loss)
per share ($ .05) ($ .11) ($ .13) ($ .22)
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Founded in 1977, Chancellor Corporation has, in recent years,
concentrated on the leasing of transportation equipment. It is also
involved in the leasing of aircraft, communications, materials handling and
other equipment. Chancellor Corporation's common stock is listed on the
OTC Electronic Bulletin Board (symbol "CHCR").
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