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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 22, 2000
PHOENIX INTERNATIONAL LTD., INC.
(Exact name of registrant as specified in its charter)
FLORIDA 0-20937 59-3171810
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
500 INTERNATIONAL PARKWAY
HEATHROW, FLORIDA 32746
(Address of Principal Executive Offices)
407-548-5100
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
Effective November 22, 2000, the Nasdaq Stock Market de-listed our
common stock from the Nasdaq National Market. The de-listing resulted from our
failure as of September 30, 2000 to meet Nasdaq's requirement of at least $4
million in net tangible assets for continued listing of the common stock and
Nasdaq's belief that we will not be able to meet this requirement in the near
future due to our history of operating losses. We do not currently believe that
it would be productive for us to pursue listing our common stock on any
securities exchange. Our stock is currently trading on the electronic OTC
Bulletin Board under the symbol PHXX. Our continued ability to trade on the OTC
Bulletin Board will depend on market makers continuing to list our stock in
order for them to trade. We cannot be sure that we will continue to have such
sponsors. As a result, we expect the volume of trading activity in and the
liquidity of our common stock to be reduced and the volatility of our stock
price to increase.
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.
PHOENIX INTERNATIONAL LTD., INC.
(Registrant)
Date: November 22, 2000 By /s/ Bahram Yusefzadeh
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Bahram Yusefzadeh
Chairman of the Board and
Chief Executive Officer
