SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Under the Securities Exchange Act of 1934
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1 )/1/
Franklin Credit Management Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
353487101
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(CUSIP Number)
September 17, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
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Page 1 of 6 Pages
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/1/ The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a cover page. The information required in the
remainder of this cover page shall not be deemed to be "filed" for the purpose
of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the
liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
<PAGE>
SCHEDULE 13G
CUSIP No.353487101
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank B. Evans S.S.# ###-##-####
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5) SOLE VOTING POWER
892,735 shares of Common Stock
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
BENEFICIALLY Not Applicable
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OWNED BY 7) SOLE DISPOSITIVE POWER
EACH
REPORTING 892,735 shares of Common Stock
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PERSON 8) SHARED DISPOSITIVE POWER
WITH
Not Applicable
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
892,735 shares of Common Stock, $.01 par value
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10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.1%
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12) TYPE OF REPORTING PERSON
IN
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Page 2 of 6 Pages
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Schedule 13G
Item 1(a). Name of Issuer:
Franklin Credit Management Corporation (the "Company")
Item 1(b). Address of Issuer's Principal Executive Offices:
Six Harrison Street
New York, NY 10013
Item 2(a). Name of Person Filing:
Frank B. Evans
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business office of Frank B. Evans is c/o Franklin Credit
Management Corporation, Six Harrison Street, New York, NY 10013.
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value ("Common Stock")
Item 2(e). CUSIP Number:
353487101
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
(a) |_| Broker or Dealer Registered Under Section 15 of the
Exchange Act (15 U.S.C. 78(o))
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act
(15 U.S.C. 78(c))
(c) |_| Insurance Company as defined in Section 3(a)(19) of the
Exchange Act (15 U.S.C. 78(c))
(d) |_| Investment Company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8)
(e) |_| Investment Adviser in accordance with Rule
13d-1(b)(1)(ii)(E)
Page 3 of 6 Pages
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(f) |_| Employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F)
(g) |_| Parent Holding Company or control person in accordance
with Rule 13d-1(b)(ii)(G)
(h) |_| Savings Association as defined in ss.3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813)
(i) |_| Church plan that is excluded from the definition of an
investment company under ss.3(c)(15) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3)
(j) |_| Group, in accordance with Rule 13d-1(b)(ii)(J)
If this statement is filed pursuant to Rule 13d-1(c), check
this box |_|.
Item 4. Ownership.
(a) Amount beneficially owned: 892,735 (1)
(b) Percent of class: 15.1% (2)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
892,735 shares of Common Stock
(ii) Shared power to vote or to direct the vote:
Not Applicable
(iii) Sole power to dispose or to direct the disposition
of: 892,735 shares of Common Stock
(iv) Shared power to dispose or to direct the disposition
of: Not Applicable
(1) Excludes 5,225 shares beneficially owned by Mr. Evans' father, Frank Evans,
with respect to which shares Mr. Evans disclaims beneficial ownership and
excludes 20,720 shares beneficially owned by Mr Evans' wife, with respect
to which shares Mr. Evans disclaims beneficial ownership.
(2) Based upon 5,917,295 shares of Common Stock outstanding on August 31, 1998.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Page 4 of 6 Pages
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Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not applicable
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
Page 5 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: February 16, 1999
/s/ Frank B. Evans
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Frank B. Evans
Page 6 of 6 Pages
