UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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):  September 5, 2017

 

 

EMERGENT CAPITAL, INC.

(Exact name of registrant as specified in its charter)

 

 

Florida

 

001-35064

 

30-0663473

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

 

 

 

 

 

 

5355 Town Center Road, Suite 701
Boca Raton, Florida

 

33486

 

 

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number including area code: (561) 995-4200

 

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o                                     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                                     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                                     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                                     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

o Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

 


 

Item 5.02                                            Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(b)                                  On September 11, 2017, Andrew Dakos notified Emergent Capital, Inc. (the “Company”) that he is resigning from the Company’s Board of Directors (the “Board”), effective September 11, 2017, due to other professional obligations.

 

(e)                                   On September 5, 2017, the Compensation Committee of the Board set compensation arrangements for Patrick J. Curry with respect to his service as Interim Chief Executive Officer. Mr. Curry will receive $330,000 on an annual basis, payable in accordance with the Company’s regular payroll practices, and reimbursement for his travel and other expenses related to Company business. The Compensation Committee will review this arrangement, if Mr. Curry is still serving in such position, on or about October 31, 2017.

 

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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 hereunto duly authorized.

 

 

EMERGENT CAPITAL, INC.

 

(Registrant)

 

 

Dated: September 11, 2017

By:

/s/ Miriam Martinez

 

 

Miriam Martinez

Chief Financial Officer

 

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