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: March 14, 2003
(Date of earliest event reported)
DCAP GROUP, INC.
(Exact name of Registrant as specified in charter)
Delaware 0-1665 36-2476480
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(State or other jurisdiction (Commission File No.) (IRS Employer
incorporation) Identification Number)
1158 Broadway, Hewlett, New York 11557
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (516) 374-7600
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Item 5. Other Events and Required FD Disclosure.
On March 14, 2003, DCAP Group, Inc. (the "Company") sold all of the issued
and outstanding shares of The White Plains Agency Inc. ("White Plains"), which
operated the Company's White Plains "DCAP" store, to an individual who currently
owns and operates an adjoining "DCAP" franchise. Concurrently with the sale, the
White Plains store became a "DCAP" franchise location.
As a result of the sale of White Plains, the Company no longer owns or
operates any "DCAP" stores in the State of New York. All such stores are now
operated as franchises. The Company also owns and operates 20 "Barry Scott"
insurance agency store locations in the State of New York which it acquired from
a subsidiary of The Progressive Corporation in August 2002.
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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.
DCAP GROUP, INC.
Dated: March 19, 2003 By: /s/ Barry Goldstein
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Barry Goldstein
Chief Executive Officer
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