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: July 14, 2003
(Date of earliest event reported)
DCAP GROUP, INC.
----------------
(Exact name of Registrant as specified in charter)
Delaware 0-1665 36-2476480
---------------------------- --------------------- ----------------------
(State or other jurisdiction (Commission File No.) (IRS Employer
incorporation) Identification Number)
1158 Broadway, Hewlett, New York 11557
--------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (516) 374-7600
--------------
Item 5. Other Events and Required FD Disclosure.
On July 14, 2003, DCAP Group, Inc. issued a press release (the "Press
Release") announcing that it has obtained an $18,000,000 credit facility from
Manufacturers and Traders Trust Company to finance its premium finance
operations, together with $3,500,000 of related subordinated debt. The Press
Release is attached hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release, dated July 14, 2003
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.
DCAP GROUP, INC.
Dated: July 14, 2003 By: /s/ Barry Goldstein
------------------------------
Barry Goldstein
Chief Executive Officer