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): March 8, 2007
ASTA FUNDING, INC.
(Exact Name of Registrant as Specified in Charter)
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| Delaware
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0-26906
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22-3388607 |
| (State Or Other
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(Commission
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(IRS Employer |
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File Number)
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Identification No.) |
| Incorporation) |
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| 210 Sylvan Avenue |
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| Englewood Cliffs, New Jersey
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07632 |
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| (Address of Principal Executive Offices)
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(Zip Code) |
Registrant’s telephone number, including area code (201) 567-5648
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 5.02 Compensatory Arrangements of Certain Officers.
On March 8, 2007, the Board of
Directors of the Company approved a cash bonus of $50,000 to be paid to Mitchell Cohen, the Company’s
Chief Financial Officer for his participation and completion of the Company’s successful acquisition of a portfolio of
approximately $6.9 billion in face value receivables. The timing and amount of the bonus were determined at the Board’s
discretion.
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