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)

Registrant’s 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 Registrant’s Class A voting common stock and 8,954 shares of the Registrant’s 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 Registrant’s former Chairman and son of the Registrant’s 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 Registrant’s outstanding shares are held by the Vance R. Martin Family Trust f/b/o Jefferey V. Martin, one of the Registrant’s directors and son of the Registrant’s founder, and f/b/o Grace M. Johnston, daughter of the Registrant’s founder. After the closing, the Registrant’s 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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