-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Mrgqbzir8xerjQNQcD6pp2tBjNz91oSELYx6fG6OcHoxjErAGaz1cB6vIF8NnN0m tuh6tnu4q/eKCIznF2yedA== 0000217416-99-000023.txt : 19990513 0000217416-99-000023.hdr.sgml : 19990513 ACCESSION NUMBER: 0000217416-99-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990504 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED COMPANIES FINANCIAL CORP CENTRAL INDEX KEY: 0000217416 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 710430414 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-07067 FILM NUMBER: 99617938 BUSINESS ADDRESS: STREET 1: 4041 ESSEN LN STREET 2: P O BOX 1591 CITY: BATON ROUGE STATE: LA ZIP: 70809 BUSINESS PHONE: 2259870000 8-K 1 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): May 4, 1999 UNITED COMPANIES FINANCIAL CORPORATION ---------------------------------------- (Exact name as specified in its charter) Louisiana 1-7067 71-0430414 --------- ------------------------ ---------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 4041 Essen Lane, Baton Rouge Louisiana 70809 - ------------------------------------------------------------------------------ (Address of principal executive offices) Zip Code Registrant's telephone number, including area code (225) 987-0000 Not Applicable (Former name or former address, if changed since last report) PAGE 1 2 Item 5. Other Events. The Registrant files herewith the exhibit listed in Item 7(c) below. Item 7(c). Exhibits. The following exhibit is furnished in accordance with Item 601 of Regulation S-K: 99 Press Release dated May 4, 1999 - United Companies Expresses Concern About Misstatements and Omissions in Anonymous and Signed Internet "Message Board" Communications 3 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. UNITED COMPANIES FINANCIAL CORPORATION (Registrant) Date: May 10, 1999 By: /s/ MICHAEL W. TRICKEY -------------------------------------- Michael W. Trickey Chief Financial Officer PAGE> 4 INDEX TO EXHIBITS EXHIBIT SEQUENTIALLY NO. EXHIBIT NUMBERED PAGE - ------- --------- ---------------- 99 Press Release dated May 4, 1999 - United Companies Expresses Concern About Misstatements and Omissions in Anonymous and Signed Internet "Message Board" Communications EX-99 2 EXHIBIT 99 ---------- UNITED COMPANIES FINANCIAL CORPORATION [UNITED COMPANIES LOGO] NEWS RELEASE FOR IMMEDIATE DISTRIBUTION For More Information, Contact: Deborah Hicks Midanek Chief Executive Officer 225-987-2385 or 800-234-8232 RELEASE DATE: May 4, 1999 United Companies Expresses Concern About Misstatements and Omissions in Anonymous and Signed Internet "Message Board" Communications Company Also Announces That U.S. Trustee Intends to Appoint Equity Committee Baton Rouge, LA - United Companies Financial Corporation (OTC: UCFNE) today expressed concern about what it believes to be material misstatements and omissions in many of the anonymous and signed communications concerning the Company, its business and affairs, and its management that have appeared in various Internet "Message Boards," including Yahoo! Finance. The Company's policy is not to respond to the specifics of any such communications, but the Company believes that it is appropriate under the circumstances to caution its stockholders and others in the investment community regarding any reliance that may be placed on such communications. United Companies also announced that it has been advised that the United States Trustee intends to appoint an equity committee to represent the interests of the Company's stockholders in its chapter 11 case. Upon appointment of such committee, the Company will announce publicly the identities of the appointed representatives and will endeavor to promptly establish avenues of communication and a working relationship with such committee. United Companies is a specialty finance company in reorganization that provides consumer loan products nationwide through its lending subsidiary, UC Lending(R). The following is a "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical facts are forward-looking statements based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the Company) and are subject to change based upon various factors, including but not limited to the following risks and uncertainties: the developments in and outcome of the Company's Chapter 11 reorganization proceedings; the ability to access loan and warehouse facilities in amounts necessary to fund the Company's operations; the successful execution of loan sales in the whole loan sale market; the ability of the Company to successfully restructure its balance sheet; the ability of the Company to retain an adequate number and mix of its employees; the effect of the Company's policies including the amount of Company expenses; actual prepayment rates and credit losses on loans sold as compared to prepayment rates and credit losses assumed by the Company at the time of sale for purposes of its gain on sale computations; the quality of the Company's owned and serviced loan portfolio including levels of delinquencies, customer bankruptcies and charge-offs; adverse economic conditions; competition; various legal, regulatory and litigation risks and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to publicly update or revise any forward- looking statements, whether as the result of new information, future events or otherwise. -----END PRIVACY-ENHANCED MESSAGE-----