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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 May 16, 1996
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CHANCELLOR CORPORATION
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(Exact Name of Registrant as specified in its charter)
Massachusetts 2-85329 04-2626079
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(State or other jurisdiction (Commission (IRS Employer Iden-
of incorporation) File Number) tification No.)
745 Atlantic Avenue, Boston, Massachusetts 02111
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (617) 728-8500
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N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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On May 16, 1996, the Registrant issued a press release announcing its
financial results for the three months ended March 31, 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
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Information and Exhibits.
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(c) Exhibits
1. Press release dated May 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
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Stephen G. Morison
President and Chief Executive
Officer
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EXHIBIT 1
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CHANCELLOR 745 ATLANTIC AVENUE, BOSTON, MA
NEW RELEASE 02111
(617) 728-8500
CONTACT: FOR IMMEDIATE RELEASE
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 FIRST QUARTER RESULTS
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BOSTON, Massachusetts, May 16, 1996, Chancellor Corporation reported a net
loss of $403,000 ($.08 per share) for the three months ended March 31, 1996.
This compares with a net loss of $709,000 ($.11 per share) for the same period
last year. The Company's revenues were $1.3 million for the three months ended
March 31, 1996 as compared to $2.3 million for the corresponding period in 1995.
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").
CONSOLIDATED SUMMARY OF OPERATIONS
(In thousands except per share amounts)
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<CAPTION>
Three Months Ended March 31,
1996 1995
<S> <C> <C>
Revenues $ 1,340 $ 2,334
Net Loss ($ 403) ($ 709)
Average shares
outstanding 5,136 6,382
Net loss
per share ($ .08) ($ .11)
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