Item 8.01. Other Events.
On April 23, 2020, Broadway Financial Corporation ("Broadway") informed The
Capital Corps ("Capital Corps") that Broadway declined to pursue the proposal to
acquire Broadway set forth in a letter, dated April 13, 2020, sent by Antonio
Villaraigosa, Board Chair of Capital Corps. and attached as Exhibit 99.1 to the
Schedule 13D/A filed by Steven A. Sugarman and associated persons with the
Securities and Exchange Commission on April 14, 2020.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Letter, dated April 23, 2020, of Virgil Roberts, Board Chair of
Broadway Financial Corp. to Antonio Villaraigosa, Board Chair of The
Capital Corps.
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