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): May 19, 2004 ------------------- FRANKLIN CREDIT MANAGEMENT CORPORATION (Exact name of registrant as specified in its charter) Delaware 0-17771 75-2243266 (State or other jurisdiction of (Commission file number) (I.R.S. employer incorporation or organization) identification no.) 9 Harrison Street New York, New York 10013 (Address of principal executive (Zip code) offices) Registrant's telephone number, including area code: (212) 925-8745 FRANKLIN CREDIT MANAGEMENT CORPORATION FORM 8-K CURRENT REPORT TABLE OF CONTENTS Page Item 5. Other Events.....................................................3 Item 7. Exhibits.........................................................3 Signature................................................................4 Item 5. Other Events. On May 19,2004, Franklin Credit Management Corporation, a Delaware corporation, issued a press release announcing the resignation of Seth Cohen, formerly its Chief Executive Officer. A copy of Franklin's press release is attached hereto as Exhibit 99.1. Item 7. Exhibits. Exhibit No. Description 99.1 Press Release, dated May 19, 2004, entitled "Franklin Credit Announces Resignation of Seth Cohen, its former Chief Executive Officer". SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, Franklin Credit Management Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 19, 2004 FRANKLIN CREDIT MANAGEMENT CORPORATION By: /s/ Thomas J. Axon ------------------- Name: Thomas J. Axon Title: Chief Executive Officer