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
June
12, 2006 (June 12, 2006)
Date
of
Report (date of Earliest Event Reported)
NEWTEK
BUSINESS SERVICES, INC.
(Exact
Name of Company as Specified in its Charter)
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NEW
YORK
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001-16123
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11-3504638
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(State
or Other Jurisdiction of
Incorporation
or Organization)
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(Commission
File No.)
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(I.R.S.
Employer Identification No.)
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462
Seventh Avenue, 14th
floor,
New York, NY 10018
(Address
of principal executive offices and zip code)
(212)
356-9500
(Company’s
telephone number, including area code)
NEWTEK
CAPITAL, INC.
(Former
name or former address, if changed from 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 (see General Instruction A.2. below):
¨
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))
Forward-Looking
Statements
Statements
in this Current Report on Form 8-K (including the exhibits), including
statements regarding beliefs, expectations, intentions or strategies for the
future, may be "forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. All forward-looking statements involve a number
of risks and uncertainties that could cause actual results to differ materially
from the plans, intentions and expectations reflected in or suggested by the
forward-looking statements. Such risks and uncertainties include, among others,
intensified
competition, operating problems and their impact on revenues and profit margins,
anticipated future business strategies and financial performance, anticipated
future number of customers, business prospects, legislative developments and
similar matters.
Risk
factors, cautionary statements and other conditions which could cause actual
results to differ from management's current expectations are contained in
filings by Newtek Business Services, Inc. with the Securities and Exchange
Commission. Newtek undertakes no obligation to update any forward-looking
statement to reflect events or circumstances that may arise after the date
of
this filing.
ITEM
8.01
Other
Events.
On
June 12, 2006, Robert Cichon entered into an employment agreement with the
Company’s CrystalTech Web Hosting, Inc. subsidiary (“CrystalTech”) which
provides for him to assume the office of President of CrystalTech on July 8,
2006 upon the departure of Tim Uzzanti, President and Chief Executive Officer,
and continue in his current role as Chief Operating Officer. Mr. Uzzanti’s
employment agreement will lapse on such date based on the mutual consent of both parties, but he will
remain bound by the non-compete provisions of his agreement with the company
following his departure, which provides that he may not compete with CrystalTech
for two years following the agreement and cannot solicit customers or employees
of CrystalTech for five years following the agreement.
SIGNATURES
In
accordance with the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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NEWTEK
BUSINESS SERVICES, INC.
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Date:
June 12 , 2006
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/s/
Barry
Sloane
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Barry
Sloane
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Chairman
of the Board, Chief Executive Officer,
Secretary
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