SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) April 9, 1998
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NAL Financial Group Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-25476 23-2455294
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(State or other (Commission (I.R.S. Employer
jurisdiction) File Number) Identification No.)
500 Cypress Creek Road West
Suite 590
Fort Lauderdale, Florida 33309
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (954) 938-8200
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Not Applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On March 23, 1998 NAL Financial Group Inc. filed for protection under Chapter 11
of the Bankruptcy Code as a result of continuing financial difficulties. In
addition, the Company has experienced substantial turnover in its senior
management positions, including the resignation of its Chairman and CEO, Robert
R. Bartolini and its Senior Vice President of Accounting, Mr. David Sheir. As a
result, the Company is presently unable to compile and process the necessary
information to complete its Form 10-K on a timely basis. At this time the
Company has no estimate of the date when the Form 10-K will be completed.
<PAGE>
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.
NAL FINANCIAL GROUP, INC.
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(Registrant)
Date April 9, 1998 By: /s/ Andrew Combs
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Andrew Combs, Vice President -
Finance, CFO/EVP
