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): January 31, 2013

FRANKLIN CREDIT MANAGEMENT CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware 000-54781 75-2243266

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

 

101 Hudson Street
Jersey City, New Jersey

(Address of Principal Executive Offices)

 

 

07302

(Zip Code)

 

Registrant’s telephone number, including area code: (201) 604-1800

 

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 (see General Instruction A.2. below):

£ 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 1.01 Entry into a Material Definitive Agreement.

Thomas J. Axon, the founder, principal shareholder, Chairman and President of Franklin Credit Management Corporation (“FCRM”), has announced that effective January 31, 2013 he will serve as President of FCRM for no salary until further notice. His base annual salary had been $120,000. 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, Franklin Credit Management Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 5, 2013 

  FRANKLIN CREDIT MANAGEMENT CORPORATION
   
  By:  /s/ Kevin P. Gildea
  Name: Kevin P. Gildea
  Title: EVP, Chief Legal Officer & Secretary