SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) July 2, 1998
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FIRSTCITY FINANCIAL CORPORATION
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 1-7614 76-0243729
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(STATE OR OTHER (COMMISSION FILE NUMBER) (IRS EMPLOYER
JURISDICTION IDENTIFICATION NO.)
OF INCORPORATION)
6400 Imperial Drive, Waco, TX 76712
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code (254) 751-1750
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HOFS02...:\92\54892\0010\1612\FRM7068J.070
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
Press Release of July 2, 1998.
ITEM 7. EXHIBITS
Exhibit number Description
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99.1 Press Release of July 2, 1998
2
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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.
FIRSTCITY FINANCIAL CORPORATION
By: /s/ Gary H. Miller
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Name: Gary H. Miller
Title: Senior Vice President and
Chief Financial Officer
Date: July 6, 1998
3
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EXHIBIT INDEX
Exhibit number Description
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99.1 Press Release of July 2, 1998
4
N E W S R E L E A S E
FIRSTCITY
FINANCIAL CORPORATION
CONTACT: Suzy W. Taylor
(713) 652-1810
FIRSTCITY FINANCIAL ANNOUNCES RESULTS OF WARRANT EXERCISE
HOUSTON, TEXAS JULY 2, 1998...FirstCity Financial Corporation
announced that approximately 96% of the outstanding warrants to purchase its
common stock were exercised following the company's delivery of a notice to
repurchase any warrants unexercised after June 25, 1998. The exercise increased
the number of common shares outstanding to 8,255,323, and added approximately
$11.8 million of common equity. The remaining unexercised warrants will be
repurchased by the company for one dollar each.
FirstCity is a diversified financial services company with
operations dedicated to mortgage lending, portfolio asset acquisition and
resolution and consumer lending through over 90 offices in the US and with
affiliate organizations in Europe and Mexico. Its common (FCFC) and preferred
(FCFCP and FCFCO) stocks are listed on the NASDAQ National Market System.
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