SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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) April 26, 1999
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Room Plus, Inc.
(Exact Name of Registrant as Specified in Charter)
New York 1-14478 11-2622051
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
91 Michigan Avenue, Paterson, New Jersey 07503
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (973) 523-4600
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Item 3. Bankruptcy or Receivership
On April 26, 1999, the Registrant filed a voluntary petition for
protection under Chapter 11 of the Federal Bankruptcy Laws in the United States
Bankruptcy Court, District of New Jersey (Case No.: 99-34651(RG)), pursuant to
which the Registrant's existing Board of Directors will continue in possession
but subject to the supervision and orders of the Bankruptcy Court.
Currently, Ronald Kaplan is the sole director of the Registrant.
David Belford, Marc Zucker and Allan Socher each resigned as members of the
Board of Directors of the Registrant effective April 23, 1999. Messrs. Zucker
and Socher also resigned as officers of the Registrant effective such date.
The Registrant has obtained a Debtor-in-Possession loan facility of
up to $1,000,000 from David Belford for the purposes of enabling the Company to
maintain and preserve its assets and continue the operation of its business
during the pendency of the above-referenced proceeding.
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.
ROOM PLUS, INC.
By: /s/ Jay H. Goldberg
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Name: Jay H. Goldberg
Title: Chief Financial Officer
Dated: May 11, 1999
