October 01, 2014 5:33 AM ET

Capital Markets

Company Overview of Ameritrans Capital Corp.

Company Overview

Ameritrans Capital Corporation, together with its subsidiaries, engages in lending and investment activities. It makes loans to finance the acquisition and operation of small businesses, which have primarily been secured by real estate mortgages, senior corporate loans, life insurance settlements, and equity investments. Ameritrans Capital Corporation was founded in 1979 and is based in Jericho, New York.

50 Jericho Quadrangle

Suite 109

Jericho, NY 11753

United States

Founded in 1979

4 Employees

Phone:

212-355-2449

Fax:

212-759-3338

Key Executives for Ameritrans Capital Corp.

Managing Director
Age: 65
Total Annual Compensation: $217.6K
Compensation as of Fiscal Year 2012.

Ameritrans Capital Corp. Key Developments

Ameritrans Capital Corp. Announces Management Changes

Ameritrans Capital Corp. on July 12, 2013, announced that Sylvia Mullens resigned, effective immediately, as the company’s Executive Vice President and Secretary. On July 22, 2013, the company appointed Robert C. Ammerman as the company’s interim Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary. Mr. Ammerman is the Managing Member and co-founder of Capital Resource Partners, a Boston-based private equity firm established in 1987.

Ameritrans Capital Corporation Files Form 15

Ameritrans Capital Corporation has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock, $0.0001 par value under the Securities Exchange Act of 1934, as amended.

Ameritrans Capital Corp. Announces Management Changes

Following an inability to resolve a lawsuit, the entire board of Ameritrans Capital Corp. resigned. After Robert Ammerman on June 26 moved to remove four directors elected to the board by holders of certain preferred stock, directors Michael Feinsod, Peter Boockvar, Howard Sommer, John Laird, Ivan Wolpert, Steven Etra and Elliott Singer stepped down as directors. Before doing so, the board appointed Ammerman and his recommended appointees - Peter Kagunge, Frank Strohm and Arthur Little - to the board. Feinsod also resigned as president and CEO, effective the same day. Additionally, on July 8, Richard Feinstein resigned as CFO and senior vice president of finance.

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