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): April 6, 2000
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Advanta Corp.
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(Exact name of registrant as specified in its charter)
Delaware 0-14120 23-1462070
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
Welsh & McKean Roads, Spring House, Pennsylvania 19477
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 657-4000
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Form 8-K Advanta Corp.
April 6, 2000
Item 7. Financial Statements and Exhibits.
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(c) Exhibits:
The exhibits listed in the accompanying Index to Exhibits
relate to the Registration Statement (No.333-33136) on Form
S-3 of the registrant and are filed herewith for incorporation
by reference in such Registration Statement.
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Form 8-K Advanta Corp.
April 6, 2000
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of l934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Advanta Corp.
By: /s/ Elizabeth H. Mai
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Elizabeth H. Mai,
Senior Vice President, Secretary
and General Counsel
April 6, 2000
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Form 8-K Advanta Corp.
April 6, 2000
Index to Exhibits
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Exhibit Number Per
Item 60l of
Regulation S-K Description of Document
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4.2 Unanimous Consent of the Executive Committee
of the Board of Directors (Company Order),
dated as of April 6, 2000
Exhibit 4.2
ADVANTA CORP.
ACTION BY UNANIMOUS CONSENT IN WRITING OF THE
EXECUTIVE COMMITTEE OF THE
BOARD OF DIRECTORS
DATED APRIL 6, 2000
The undersigned, constituting all the members of the Executive Committee of
the Board of Directors (the "Committee") of Advanta Corp. (the "Company"), by
unanimous consent in writing, without the formality of convening a meeting, do
hereby consent to the following actions of the Committee, namely the adoption of
the following resolutions:
RESOLVED, that pursuant to the provisions of the Senior Indenture, dated as
of October 23, 1995, between Advanta Corp. (the "Company") and Mellon Bank,
N.A., as trustee, as amended by that certain Instrument of Resignation,
Appointment and Acceptance, dated July 31, 1997, among Mellon Bank, N.A.
and the Chase Manhattan Bank, as successor Trustee (together, the
"Indenture"), the terms and conditions applicable to the following
securities, which have been registered under the Registration Statement on
Form S-3, File No. 333-33136 filed with the Securities and Exchange
Commission on March 23, 2000 and declared effective on April 6, 2000 (the
"Registration Statement"), shall be as set forth in the Company's
prospectus relating to such securities on the effective date of the
Registration Statement, and any amendments and supplements thereto, and
such terms and conditions as set forth therein are incorporated herein by
reference:
RediReserve Variable Rate Certificates
91 Day Investment Notes
Six, 18 and 30 Month Investment Notes
One, Two, Three, Four, Five, Seven and Ten Year Investment Notes
RESOLVED, that each of the following officers of the Company, Philip M.
Browne, Senior Vice President and Chief Financial Officer, Jeffrey D. Beck,
Vice President and Treasurer, James L. Shreero, Vice President and Chief
Accounting Officer, or their designees, be and hereby is authorized to
determine and establish in a prospectus supplement the maturities of
Investment Notes and their respective interest rates to be offered and sold
by the Company from time to time and the interest rates applicable to tiers
of end-of-the-day balances of Redireserve Variable Rate Certificates to be
offered and sold by the Company from time to
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time, including outstanding Redireserve Variable Rate Certificates, by
filing prospectus supplements with the Securities and Exchange Commission
as required under applicable law;
RESOLVED, that each prospectus supplement filed in accordance with these
resolutions shall be deemed to be a Company Order pursuant to Section 301
of the Indenture.
IN WITNESS WHEREOF, the undersigned have executed this Unanimous Consent as of
the date first written above.
/s/ Dennis Alter /s/ Arthur P. Bellis
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Dennis Alter Arthur P. Bellis
/s/ Olaf Olafsson /s/ William A. Rosoff
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Olaf Olafsson William A. Rosoff
