content: 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 (Date of earliest event reported) September 25, 2002
                                                   ------------------
  
  
                        Transnational Financial Network, Inc.
  -------------------------------------------------------------------------------
          (Exact name of small business issuer as specified in its charter)
  
  
  California                            1-14219                  94-2964195
  -------------------------------------------------------------------------------
  (State or other jurisdiction     (Commission File           (I.R.S.Employer
  of incorporation)                 Number)                   Identification No.)
  
  401 Taraval Street, San Francisco, CA                        94116
  -------------------------------------------------------------------------------
  (Address of principal executive offices)                    (Zip Code)
  
  
  
  (Registrant's telephone number, including area code: (415) 334-7000
  
  
  
  
   -----------------------------------------------------------------------------
  (Former name, former address and former fiscal year, if changed since last
  report)
  
  
  
  
  <PAGE>
  
  
  
  
  Item 5. Other Events.
  
  Effective September 3, 2002, Robert Shuey resigned from the Board of Directors
  of the Company. Mr. Shuey's stated reason for leaving the Board was that it is
  due to personal circumstances. These circumstances have not allowed him to
  participate in the Company's Board meetings this year, and Mr. Shuey did not
  anticipate near-term changes that would permit such participation.
  
  Effective Monday, September 30, 2002, Paul Garrigues has resigned as Chief
  Financial Officer of the Company. In submitting his resignation, Mr. Garrigues
  noted that the sole reason for his leaving the Company relates to family
  commitments that require his relocation to the East Coast and that he wished to
  be able to continue to serve the Company in some capacity to be mutually agreed
  upon.
  
  On September 25, 2002 via a Unanimous Consent, the Board of Directors appointed
  Mr. Garrigues to the Board to fill the recently vacated outside director
  position. The Board looks forward to benefiting from Mr. Garrigues' deep
  knowledge of mortgage industry and accounting matters.
  
  It is the Board's intention to have him serve on the Audit Committee of the
  Board, in addition to his role as a Director. Mr. Garrigues will, in the opinion
  of the Board, meet the new tests of independence of an outside director, given
  (1) his short (11 week) tenure as an employee and Chief Financial Officer of the
  company and (2) his forfeiture of all previously granted stock options and
  potential future benefits associated with his employment by the Company.
  
  However, to insure that it meets the new corporate governance requirements, the
  Company anticipates requesting specific approval of Mr. Garrigues' appointment
  to the Audit Committee from its listing exchange, the American Stock Exchange.
  If this approval is granted, Mr. Garrigues will replace Mr. Rotzang on the Audit
  Committee. If this approval is not granted, the Board anticipates that Mr.
  Garrigues will serve as an ex-officio member of the Audit Committee.
  
  
  <PAGE>
  
  
                                     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, thereby
  duly authorized.
  
  
  
      Date: September 26, 2002
                                        Transnational Financial Corporation
  
  
                                        /s/ Joseph Kristul
                                        -----------------------------------------
                                        Joseph Kristul, President
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "f8k902.txt", "description": "CURRENT REPORT ITEM 5", "secsgml_size_bytes": 3974}]
metadata_filer: {"company-data": {"conformed-name": "TRANSNATIONAL FINANCIAL NETWORK INC", "cik": "0001059579", "assigned-sic": "6162", "irs-number": "942964195", "state-of-incorporation": "CA", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14219", "film-number": "02773767"}, "business-address": {"street1": "401 TARAVAL STREET", "street2": "SUITE 270", "city": "SAN FRANCISCO", "state": "CA", "zip": "94116", "phone": "4152427800"}, "mail-address": {"street1": "401 TARAVAL STREET", "street2": "301 JUNIPERO SERRA BLVD SUITE 270", "city": "SAN FRANCISCO", "state": "CA", "zip": "94116"}, "former-company": {"former-conformed-name": "TRANSNATIONAL FINANCIAL CORP", "date-changed": "19980410"}}
text: 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 (Date of earliest event reported) September 25, 2002
                                                   ------------------
  
                        Transnational Financial Network, Inc.
  -------------------------------------------------------------------------------
          (Exact name of small business issuer as specified in its charter)
  
  California                            1-14219                  94-2964195
  -------------------------------------------------------------------------------
  (State or other jurisdiction     (Commission File           (I.R.S.Employer
  of incorporation)                 Number)                   Identification No.)
  
  401 Taraval Street, San Francisco, CA                        94116
  -------------------------------------------------------------------------------
  (Address of principal executive offices)                    (Zip Code)
  
  (Registrant's telephone number, including area code: (415) 334-7000
  
   -----------------------------------------------------------------------------
  (Former name, former address and former fiscal year, if changed since last
  report)
  Item 5. Other Events.
  
  Effective September 3, 2002, Robert Shuey resigned from the Board of Directors
  of the Company. Mr. Shuey's stated reason for leaving the Board was that it is
  due to personal circumstances. These circumstances have not allowed him to
  participate in the Company's Board meetings this year, and Mr. Shuey did not
  anticipate near-term changes that would permit such participation.
  
  Effective Monday, September 30, 2002, Paul Garrigues has resigned as Chief
  Financial Officer of the Company. In submitting his resignation, Mr. Garrigues
  noted that the sole reason for his leaving the Company relates to family
  commitments that require his relocation to the East Coast and that he wished to
  be able to continue to serve the Company in some capacity to be mutually agreed
  upon.
  
  On September 25, 2002 via a Unanimous Consent, the Board of Directors appointed
  Mr. Garrigues to the Board to fill the recently vacated outside director
  position. The Board looks forward to benefiting from Mr. Garrigues' deep
  knowledge of mortgage industry and accounting matters.
  
  It is the Board's intention to have him serve on the Audit Committee of the
  Board, in addition to his role as a Director. Mr. Garrigues will, in the opinion
  of the Board, meet the new tests of independence of an outside director, given
  (1) his short (11 week) tenure as an employee and Chief Financial Officer of the
  company and (2) his forfeiture of all previously granted stock options and
  potential future benefits associated with his employment by the Company.
  
  However, to insure that it meets the new corporate governance requirements, the
  Company anticipates requesting specific approval of Mr. Garrigues' appointment
  to the Audit Committee from its listing exchange, the American Stock Exchange.
  If this approval is granted, Mr. Garrigues will replace Mr. Rotzang on the Audit
  Committee. If this approval is not granted, the Board anticipates that Mr.
  Garrigues will serve as an ex-officio member of the Audit Committee.
  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, thereby
  duly authorized.
  
      Date: September 26, 2002
                                        Transnational Financial Corporation
  
                                        /s/ Joseph Kristul
                                        -----------------------------------------
                                        Joseph Kristul, President