<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>FIRSTPLUS FINANCIAL GROUP, INC. FORM 8-K</TITLE>
<META NAME="author" CONTENT="Shannon Agarwal">
<META NAME="date" CONTENT="09/15/2008">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin-top:0px; margin-bottom:1.467px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000">&nbsp;</P>
<P style="line-height:20pt; margin-top:13.2px; margin-bottom:0px; font-size:18pt" align=center><B>UNITED STATES </B></P>
<P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>Washington, D.C.&nbsp;20549 </B></P>
<P style="margin:0px; font-size:6.5pt">&nbsp;</P>
<P style="margin-top:0px; margin-bottom:1.467px; padding-bottom:4px; font-size:12pt; border-bottom:1.333px solid #000000" align=center>&nbsp;</P>
<P style="line-height:20pt; margin-top:13.2px; margin-bottom:0px; font-size:18pt" align=center><B>FORM 8-K </B></P>
<P style="line-height:15.5pt; margin-top:9.933px; margin-bottom:0px; font-size:13.5pt" align=center><B>CURRENT REPORT </B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>Pursuant to Section&nbsp;13 or 15(d) of the </B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>Securities Exchange Act of 1934 </B></P>
<P style="line-height:14pt; margin-top:8.8px; margin-bottom:0px; font-size:12pt" align=center><B>Date of Report (Date of earliest event reported):&nbsp;June 17, 2008 </B></P>
<P style="margin:0px; font-size:6.5pt">&nbsp;</P>
<P style="margin-top:0px; margin-bottom:1.467px; padding-bottom:4px; font-size:12pt; border-bottom:1.333px solid #000000" align=center>&nbsp;</P>
<P style="line-height:26pt; margin-top:17.6px; margin-bottom:0px; font-size:24pt" align=center><B>FIRSTPLUS FINANCIAL GROUP, INC. </B></P>
<P style="line-height:9.5pt; margin:0px; font-size:7.5pt" align=center><B>(Exact Name of Registrant as Specified in its Charter) </B></P>
<P style="margin:0px; font-size:6.5pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=212.133></TD><TD width=6.267></TD><TD width=199.667></TD><TD width=6.267></TD><TD width=199.667></TD></TR>
<TR><TD width=212.133><P>&nbsp;</P></TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD width=199.667><P>&nbsp;</P></TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD width=199.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=212.133><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>Nevada</P>
</TD><TD valign=bottom width=6.267><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=199.667><P style="margin:0px" align=center><B>001-13753</B></P>
</TD><TD valign=bottom width=6.267><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=199.667><P style="margin:0px" align=center><B>75-2561085</B></P>
</TD></TR>
<TR><TD valign=top width=212.133><P style="line-height:9.5pt; margin:0px; font-size:7.5pt" align=center><B>(State of Incorporation)</B></P>
</TD><TD valign=bottom width=6.267><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=199.667><P style="line-height:9.5pt; margin:0px; font-size:7.5pt" align=center><B>(Commission File Number)</B></P>
</TD><TD valign=bottom width=6.267><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=199.667><P style="line-height:9.5pt; margin:0px; font-size:7.5pt" align=center><B>(IRS employer identification no.)</B></P>
</TD></TR>
<TR><TD width=624 colspan=5><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="margin:0px" align=center><B>122 W. John Carpenter Freeway, Suite 450</B></P>
<P style="margin-top:0px; margin-bottom:0.6px" align=center><B>Irving, Texas 75039</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:9.5pt; margin:0px; font-size:7.5pt" align=center><B>(Address of Principal Executive Offices)</B></P>
</TD></TR>
</TABLE>
<P style="margin-top:7.333px; margin-bottom:0px" align=center><B>Registrant&#146;s Telephone Number, Including Area Code: (972)&nbsp;717-7969 </B></P>
<P style="margin-top:7.333px; margin-bottom:0px">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: </P>
<P style="margin:0px; font-size:3.5pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=24.933></TD><TD width=599.067></TD></TR>
<TR><TD valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD valign=top width=599.067><P style="margin:0px">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:3.5pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=24.933></TD><TD width=599.067></TD></TR>
<TR><TD valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD valign=top width=599.067><P style="margin:0px">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:3.5pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=24.933></TD><TD width=599.067></TD></TR>
<TR><TD valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD valign=top width=599.067><P style="margin:0px">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:3.5pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=24.933></TD><TD width=599.067></TD></TR>
<TR><TD valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD valign=top width=599.067><P style="margin:0px">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-bottom:4px; border-bottom:1px solid #000000"><BR></P>
<P style="margin-top:0px; margin-bottom:1.467px; padding-bottom:4px; border-bottom:1px solid #000000"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><img src="firstplus61708final02_8k002.gif" alt="[firstplus61708final02_8k002.gif]" align=middle height=3 width=622.067></P>
<P style="margin:0px"><B>Item&nbsp;5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment Principal Officers. </B></P>
<P style="margin-top:7.333px; margin-bottom:0px">On June 17, 2008 the Board of Directors of FirstPlus Financial Group, Inc. (the &#147;Company&#148;), &nbsp;appointed William Handley as Chief Executive Officer of the Company. &nbsp;Mr. Handley no longer serves as Vice President and Chief Financial Officer of the Company. Also on June 17, 2008, the Board of Directors of the Company removed John Maxwell as Chairman of the Board of Directors and Chief Executive Officer of the Company. Mr. Maxwell remains an employee of the Company. </P>
<P style="margin-top:8.8px; margin-bottom:0px"><BR></P>
<P style="margin-top:7.333px; margin-bottom:0px" align=center><B>SIGNATURES </B></P>
<P style="margin-top:7.333px; margin-bottom:0px; text-indent:32.667px">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. </P>
<P style="margin:0px; font-size:6.5pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=11.6></TD><TD width=5.4></TD><TD width=273.667></TD><TD width=5.4></TD><TD width=24.067></TD><TD width=5.4></TD><TD width=19.267></TD><TD width=5.467></TD><TD width=272.733></TD></TR>
<TR><TD width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=5.4><P>&nbsp;</P></TD><TD width=273.667><P>&nbsp;</P></TD><TD valign=bottom width=5.4><P>&nbsp;</P></TD><TD width=24.067><P>&nbsp;</P></TD><TD valign=bottom width=5.4><P>&nbsp;</P></TD><TD width=19.267><P>&nbsp;</P></TD><TD valign=bottom width=5.467><P>&nbsp;</P></TD><TD width=272.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=290.667 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=5.4><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=24.067><P>&nbsp;</P></TD><TD valign=bottom width=5.4><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=297.467 colspan=3><P style="margin:0px">FIRSTPLUS FINANCIAL GROUP, INC.</P>
</TD></TR>
<TR><TD width=290.667 colspan=3><P>&nbsp;</P></TD><TD width=29.467 colspan=2><P>&nbsp;</P></TD><TD width=24.667 colspan=2><P>&nbsp;</P></TD><TD width=278.2 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=290.667 colspan=3><P style="margin:0px">Date: June 17, &nbsp;2008</P>
</TD><TD valign=bottom width=5.4><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=24.067><P>&nbsp;</P></TD><TD valign=bottom width=5.4><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=19.267><P style="margin:0px">By:</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=5.467><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=272.733><P style="margin:0px"><I>/s/ William L. Handley</I></P>
</TD></TR>
<TR><TD valign=top width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=5.4><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=273.667><P>&nbsp;</P></TD><TD valign=bottom width=5.4><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=24.067><P>&nbsp;</P></TD><TD valign=bottom width=5.4><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=19.267><P>&nbsp;</P></TD><TD valign=bottom width=5.467><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=bottom width=272.733><P style="margin:0px">Name: William L. Handley</P>
</TD></TR>
<TR><TD valign=top width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=5.4><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=273.667><P>&nbsp;</P></TD><TD valign=bottom width=5.4><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=24.067><P>&nbsp;</P></TD><TD valign=bottom width=5.4><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=top width=19.267><P>&nbsp;</P></TD><TD valign=bottom width=5.467><P style="margin:0px; font-size:7.5pt">&nbsp;</P>
</TD><TD valign=bottom width=272.733><P style="margin:0px">Title: Chief Executive Officer</P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: 7B3D722A -->
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "firstplus61708final02_8k.htm", "description": "FIRSTPLUS FINANCIAL GROUP, INC. FORM 8-K", "secsgml_size_bytes": 11972}]
{"company-data": {"conformed-name": "FIRSTPLUS FINANCIAL GROUP INC", "cik": "0001000368", "assigned-sic": "6141", "irs-number": "752561085", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13753", "film-number": "081087905"}, "business-address": {"street1": "122 W. JOHN CARPENTER FREEWAY", "street2": "SUITE 450", "city": "IRVING", "state": "TX", "zip": "75039", "phone": "9727177969"}, "mail-address": {"street1": "122 W. JOHN CARPENTER FREEWAY", "street2": "SUITE 450", "city": "IRVING", "state": "TX", "zip": "75039"}, "former-company": {"former-conformed-name": "RAC FINANCIAL GROUP INC", "date-changed": "19950911"}}
FIRSTPLUS FINANCIAL GROUP, INC. FORM 8-K
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): June 17, 2008
FIRSTPLUS FINANCIAL GROUP, INC.
(Exact Name of Registrant as Specified in its Charter)
Nevada
001-13753
75-2561085
(State of Incorporation)
(Commission File Number)
(IRS employer identification no.)
122 W. John Carpenter Freeway, Suite 450
Irving, Texas 75039
(Address of Principal Executive Offices)
Registrant's Telephone Number, Including Area Code: (972) 717-7969
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:
¨
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))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment Principal Officers.
On June 17, 2008 the Board of Directors of FirstPlus Financial Group, Inc. (the "Company"),  appointed William Handley as Chief Executive Officer of the Company.  Mr. Handley no longer serves as Vice President and Chief Financial Officer of the Company. Also on June 17, 2008, the Board of Directors of the Company removed John Maxwell as Chairman of the Board of Directors and Chief Executive Officer of the Company. Mr. Maxwell remains an employee of the Company.
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.
FIRSTPLUS FINANCIAL GROUP, INC.
Date: June 17,  2008
By:
/s/ William L. Handley
Name: William L. Handley
Title: Chief Executive Officer