SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 and 15(d) of the
Securities and Exchange Act of 1934
Date of Report (date of earliest event reported): June 14, 1999
USASURANCE GROUP, INC.
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(Exact name of Registrant as specified in Charter)
Colorado 0-26920 84-1298212
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification
Number)
7345 E. Peakview Ave.
Englewood, Colorado 80111
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (303) 689-0123.
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ITEM 5. OTHER EVENTS
On June 14, 1999, 2xtreme Performance International, LLC. ("2xtreme"), a
wholly owned subsidiary of Akahi Corp. ("Akahi"), which is a wholly owned
subsidiary of USAsurance Group, Inc. (the "Company") filed a voluntary petition
under Chapter 11 with the United States Bankruptcy Court, District of Colorado.
2xtreme was acquired by Akahi on February 14, 1999.
The aforesaid filing is not expected to have any negative impact on the
existing ongoing business of the Company, as the business operations applicable
to 2xtreme are not considered by management to be material to the operations of
the Company. The filing was undertaken in order to resolve certain internal
issues.
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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.
USASURANCE GROUP, INC.
By:/s/ Matthew J. Kavanagh III
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Matthew J. Kavanagh, III,
Secretary
Dated: June 17, 1999
