GREEN TREE FINANCIAL CORP
8-K, 1997-12-12
ASSET-BACKED SECURITIES
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                       --------------------------------

                                   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): December 10, 1997



                       GREEN TREE FINANCIAL CORPORATION
                       --------------------------------


         Delaware                       01-08916                  41-1807858
- --------------------------------------------------------------------------------
(State or other jurisdiction          (Commission               (IRS employer
     of incorporation)                file number)           identification No.)



 1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota  55102-1639
- --------------------------------------------------------------------------------
                   (Address of principal executive offices)


Registrant's telephone number, including area code:        (612) 293-3400
                                                     --------------------------


                                Not Applicable
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report)
<PAGE>
 


Item 1.    Changes in Control of Registrant.
           -------------------------------- 

           Not applicable.

Item 2.    Acquisition or Disposition of Assets.
           ------------------------------------ 

           Not applicable.

Item 3.    Bankruptcy or Receivership.
           -------------------------  

           Not applicable.

Item 4.    Changes in Registrant's Certifying Accountant.
           ----------------------------------------------

           Not applicable.

Item 5.    Other Events.
           ------------ 

           Attached and incorporated herein by reference as Exhibit 99.1 is a
           press release dated December 11, 1997 of registrant, Green Tree
           Financial Corporation announcing the resignation of its President
           and Chief Operating Officer.

Item 6.    Resignations of Registrant's Directors.
           -------------------------------------- 

           Not applicable.

Item 7.    Financial Statements and Exhibits.
           --------------------------------- 

           (a) Financial statements of businesses acquired.

               Not applicable.

           (b) Pro forma financial information.

               Not applicable.

                                       2
<PAGE>
 
           (c) Exhibits.

               The following is filed herewith.  The exhibit numbers correspond
               with Item 601(b) of Regulation S-K.



               Exhibit No.      Description
               -----------      -----------

                  99.1          Press Release dated December 11, 1997, wherein
                                Green Tree Financial Corporation announces
                                the resignation of its President and Chief
                                Operating Officer.

     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.

                              GREEN TREE FINANCIAL CORPORATION


                                  /s/ Joel H. Gottesman
                              By: ________________________________
                                  Joel H. Gottesman
                                  Sr. Vice President, General Counsel 
                                  and Secretary

                                       3
<PAGE>
 
                               INDEX TO EXHIBITS



Exhibit Number                                                              Page
- --------------                                                              ----

     99.1   Press Release dated December 11, 1997 wherein Green Tree
            Financial Corporation announces the resignation of its
            President and Chief Operating Officer.

                                       4

<PAGE>
 
                  [LETTERHEAD OF GREEN TREE FINANCIAL CORP.]
1100 Landmark Towers - 345 St. Peter Street - Saint Paul, Minnesota 55102-1639
                      (612) 293-3400 - Fax (612) 293-5746
- --------------------------------------------------------------------------------

                                NEWS RELEASE

- --------------------------------------------------------------------------------


FOR IMMEDIATE RELEASE                                  CONTACT: John A. Dolphin
                                                                Vice President
                                                                (612) 293-3400



                 GREEN TREE FINANCIAL ANNOUNCES RESIGNATION 
                         OF CHIEF OPERATING OFFICER

        SAINT PAUL, MINN., December 11, 1997 -- Green Tree Financial 
Corporation (NYSE: GNT) announced today the resignation of Robert D. Potts, 
president and chief operating officer. Mr. Potts, who joined Green Tree in 
1993 and has been a director since 1994, intends to pursue other business 
interests.

        Green Tree's chairman and chief executive officer, Lawrence M. Coss, 
has assumed the operating responsibilities previously assigned to Mr. Potts. 
The company's divisional presidents will now report directly to Mr. Coss. "We 
would like to acknowledge the numerous contributions that Bob Potts has made 
to Green Tree during his tenure with the company," said Mr. Coss. "We wish him
well in his future endeavors."

        Green Tree Financial Corporation is a leading diversified services 
company with nationwide operations serving customers in the consumer finance,
commercial finance and insurance markets. With managed finance receivables of 
$26 billion, Green Tree is one of the largest multi-line finance companies in 
the United States. Founded in 1975, Green Tree has approximately 5,000 
employees at 200 company locations that work with nearly 20,000 retail dealers
across the country as well as directly with consumers.

                                     ###



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