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UNITED STATES
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): JUNE 30, 2000
THE WMA CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation or organization)
0-23637 58-2179041
(Commission file number) (IRS Employer Identification No.)
11315 JOHNS CREEK PARKWAY, DULUTH, GEORGIA 30097
(Address of principal executive offices) (zip code)
(770) 248-3311
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On June 30, 2000, The WMA Corporation (the "Company") sold
approximately $4 million of convertible preferred stock, $2.00 par value per
share (the "Shares"), in a private placement to accredited investors consisting
primarily of officers of the Company and independent sales associates of an
affiliate. The private placement proceeds increase the Company's capital base
and its business capacity. Independent sales associates were given this
opportunity to increase or secure their equity position in the Company. Stephens
Inc. acted as the placement agent for the Company.
The Shares were offered to persons who are "accredited investors" as
defined in Rule 501(a) of Regulation D under the Securities Act of 1933, in
reliance upon the exemption from registration provided by such regulation and
other applicable federal and state securities laws. The Shares may not be
offered or sold in the United States absent registration or an applicable
exemption from registration requirements.
ITEM 7. EXHIBITS
The following exhibits are filed as part of this report on Form 8-K.
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Exhibit 99.1 Press Release issued by The WMA Corporation dated July 10, 2000.
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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, thereunto duly authorized.
Date: July 11, 2000 THE WMA CORPORATION
By:/s/ Edward F. McKernan
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Name: Edward F. McKernan
Title: Senior Vice President, Chief Financial
Officer and Actuary
