<SUBMISSION>
<ACCESSION-NUMBER>0000950134-05-002285
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20050204
<ITEMS>5.02
<FILING-DATE>20050208
<DATE-OF-FILING-DATE-CHANGE>20050208
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>SUNSET FINANCIAL RESOURCES INC
<CIK>0001270436
<ASSIGNED-SIC>6798
<IRS-NUMBER>161685692
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-32026
<FILM-NUMBER>05584732
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>10245 CENTURION PARKWAY
<STREET2>3RD FLOOR
<CITY>JACKSONVILLE
<STATE>FL
<ZIP>32256
<PHONE>9044254099
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>10245 CENTURION PARKWAY
<STREET2>3RD FLOOR
<CITY>JACKSONVILLE
<STATE>FL
<ZIP>32256
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d22304e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, DC 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>


<P align="center" style="font-size: 12pt"><B>CURRENT REPORT PURSUANT<BR>
TO SECTION 13 OR 15(D) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>


<P align="center" style="font-size: 10pt">Date of report (Date of earliest event reported):&nbsp;&nbsp;February&nbsp;4, 2005


<P align="center" style="font-size: 24pt"><B>Sunset Financial Resources, Inc.</B>


<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</DIV>



<P align="center" style="font-size: 10pt">Maryland<BR>
(State or Other Jurisdiction of Incorporation)


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    <TD align="center" valign="top">001-32026<BR>
(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">16-1685692<BR>
(IRS Employer Identification No.)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">10245 Centurion Parkway North, Jacksonville, Florida<BR>
(Address of Principal Executive Offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">32256<BR>
(Zip Code)</TD>
</TR>
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<P align="center" style="font-size: 10pt">(904)&nbsp;425-4099<BR>
(Registrant&#146;s Telephone Number, Including Area Code)



<P align="center" style="font-size: 10pt"><HR size="1" noshade width="50%" align="center" color="#000000">


<DIV align="center" style="font-size: 10pt">(Former Name or Former Address, if Changed Since Last Report)</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


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<!-- link2 "Item&nbsp;5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers." -->

<P align="left" style="font-size: 10pt"><B>Item&nbsp;5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers.</B>


<P align="left" style="font-size: 10pt">On February&nbsp;4, 2005, Sunset Financial Resources, Inc. (the &#147;<U>Company</U>&#148;) received a letter
from Hugh H. Jones, Jr. indicating that he has decided not to stand for re-election as a director
of the Company. Mr.&nbsp;Jones&#146; decision was not the result of any disagreement with the Company, known
to any executive officer of the Company, relating to the Company&#146;s operations, policies or
practices.



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<P align="center" style="font-size: 10pt"><B>SIGNATURE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left" style="font-size: 10pt">Date: February&nbsp;8, 2005



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    <TD colspan="3" align="left">SUNSET FINANCIAL RESOURCES, INC.<BR>
<BR>
&nbsp;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Bert Watson
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Bert Watson&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
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    <TD colspan="5">&nbsp;</TD>
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