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) August 2, 2010
THE MONEY TREE INC.
(Exact name of registrant as specified in its charter)
Georgia | 333-122531 | 58-2171386 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
114 South Broad Street Bainbridge, Georgia |
39817 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code (229) 246-6536
(Former name or former address, if changed since last report) Not Applicable.
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:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.01. | Changes in Control of Registrant. |
On August 2, 2010, Bradley D. Bellville, the President and current Chairman of The Money Tree Inc. (the Registrant), purchased a controlling equity interest in the Registrant. Mr. Bellville purchased 1,962 shares of the Registrants Class A voting common stock and 8,954 shares of the Registrants Class B non-voting common stock, which represents 73.05% and 33.34%, respectively, of the total of such shares outstanding.
Mr. Bellville purchased the shares from the Vance R. Martin GST Exempt Family Trust (the Vance R. Martin Family Trust) f/b/o W. Derek Martin, the Registrants former Chairman and son of the Registrants founder, for a total purchase price of $750,000. Of the purchase price, $100,000 was paid in cash at the closing with the remainder financed by the Vance R. Martin Family Trust.
The remainder of the Registrants outstanding shares are held by the Vance R. Martin Family Trust f/b/o Jefferey V. Martin, one of the Registrants directors and son of the Registrants founder, and f/b/o Grace M. Johnston, daughter of the Registrants founder. After the closing, the Registrants outstanding shares were owned as follows:
Class A Voting Common Stock |
Bradley D. Bellville |
1,962 shares | 73.05 | % | ||
The Vance R. Martin Family Trust f/b/o Jefferey V. Martin |
362 shares | 13.48 | % | ||
The Vance R. Martin Family Trust f/b/o Grace M. Johnston |
362 shares | 13.48 | % | ||
2,686 shares | 100.00 | % |
Class B Non-Voting Common Stock |
Bradley D. Bellville |
8,954 shares | 33.34 | % | ||
The Vance R. Martin Family Trust f/b/o Jefferey V. Martin |
8,953 shares | 33.33 | % | ||
The Vance R. Martin Family Trust f/b/o Grace M. Johnston |
8,953 shares | 33.33 | % | ||
26,860 shares | 100.00 | % |
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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.
THE MONEY TREE INC. | ||||||
Dated: August 4, 2010 |
By: | /s/ Steven P. Morrison |
||||
Name: Steven P. Morrison | ||||||
Title: Chief Financial Officer |
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