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): October 7, 2009
FRANKLIN CREDIT HOLDING
CORPORATION
(Exact name of registrant as
specified in its charter)
| Delaware | 0-17771 | 26-3104776 | ||
| (State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 101 Hudson Street Jersey City, New Jersey |
07302 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (201) 604-1800
| (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))
Item 1.02. Termination of a Material Definitive Agreement.
The disclosure set forth in this report under Item 5.02 (b) is herein incorporated by reference.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
(b) On October 7, 2009, Franklin Credit Holding Corporation (the “Registrant”) and its subsidiary, Franklin Credit Management Corporation (“FCMC,” and together with the Registrant, the “Company”), accepted the resignation of Alexander Gordon Jardin as its Chief Executive Officer and Director, which had been tendered by Mr. Jardin on October 7, 2009, effective immediately. The Company believes that Mr. Jardin terminated his employment agreement with FCMC, effective as of March 1, 2006 and amended by an amendment dated December 31, 2008 (the “Employment Agreement”), without good reason and will pay him in accordance with the provisions relating to a termination by the employee without good reason under the Employment Agreement.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Franklin Credit Holding Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 13, 2009
FRANKLIN CREDIT HOLDING CORPORATION
By: /s/
Kevin P.
Gildea
Name:
Kevin P. Gildea
Title: Chief Legal Officer and Secretary
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