- Current report filing (8-K)
April 03 2009 - 3:19PM
Edgar (US Regulatory)
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: March 30, 2009
(Date of
earliest event reported)
DCAP GROUP,
INC.
(Exact
Name of Registrant as Specified in Charter)
Delaware
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0-1665
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36-2476480
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File No.)
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(IRS
Employer Identification
Number)
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1158
Broadway, Hewlett, NY
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11557
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant's
telephone number, including area code:
(516)
374-7600
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)
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____
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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))
|
____
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01. Entry into a Material Definitive Agreement.
On March 30, 2009, an Asset Purchase
Agreement was fully executed with regard to the sale of substantially all of the
assets of Barry Scott Agency, Inc. (“Barry Scott”) and DCAP Accurate, Inc.
(“Accurate”), wholly-owned subsidiaries of DCAP Group, Inc. (the “Company”), to
NII BSA LLC. Barry Scott and Accurate own and operate the
Company’s New York stores. The purchase price for the assets is
approximately $2,337,000 plus an additional amount based upon commissions
derived from certain stores recently closed by the Company. There are
a number of conditions to the closing of the transaction.
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.
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DCAP
GROUP, INC.
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Date:
April
3, 2009
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By:
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/s/ Barry
B. Goldstein
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Barry
B. Goldstein
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President
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