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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): May 7, 1999
Commission File No. 1-12677
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Preferred Employers Holdings, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 65-0698779
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
10800 Biscayne Boulevard, Miami, Florida 33161
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(Address of principal executive offices)
Registrant's telephone number, including area code: (305) 893-4040
Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
The Company hereby incorporates by reference herein the matters
announced in the Company's press release dated May 7, 1999 (such press release
is filed as Exhibit 99.1 hereto).
Item 7. Financial Statements and Exhibits.
(c) Exhibits. The following document is being filed herewith by the
Company as an exhibit to this Current Report on Form 8-K:
99.1 Press release of the Company dated May 7, 1999.
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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.
Date: May 10, 1999
PREFERRED EMPLOYERS HOLDINGS, INC.
By: /s/ WILLIAM R. DRESBACK
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William R. Dresback
Senior Vice President and
Chief Financial Officer
(Principal Financial and
Accounting Officer)
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Exhibit No. Exhibits Page No.
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99.1 Press release of the Company dated May 7, 1999.
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EXHIBIT 99.1
PREFERRED EMPLOYERS TO BEGIN TRADING ON NASDAQ NATIONAL MARKET
MIAMI, May 7 /PRNewswire/ -- Preferred Employers Holdings, Inc. (Nasdaq: PEGI -
NEWS) announced today that its common stock commenced trading today on the
Nasdaq National Market under the symbol PEGI. The company's common stock
previously was quoted on the Nasdaq Small Cap Market.
Mel Harris, Chairman and CEO of Preferred Employers Holdings, said, "The listing
of our stock on the Nasdaq National Market is another important step in building
Preferred Employers Holdings and highlights the financial progress we are
making. We expect the Nasdaq National Market listing to provide higher
visibility for our company with Wall Street and demonstrates to the investment
community that we have met the more stringent requirements necessary for a
National Market listing."
Founded in 1988, Preferred Employers Holdings furnishes temporary professional
medical personnel to client hospitals, provides businesses with workers'
compensation and other business insurance products as well as risk management
and cost containment services and reinsures certain workers' compensation and
employers' liability insurance policies. The company's strategy calls for
geographical growth and expansion of operations in the employee staffing
business through select acquisitions where the company's expertise in workers'
compensation, healthcare benefits and database management provide it with a
competitive advantage.
For more information contact Mark Olson at (800) 433-5755 or Frank Hawkins or
Julie Marshall, Hawk Associates, Inc. (305) 852-2383. E-mail:
[email protected].
Certain statements contained herein, including without limitation, statements
containing the words "believes," "anticipates," "may," "intends," "expects" and
words of similar import constitute "forward-looking" statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such statements
involve known and unknown risks, uncertainties and other factors, which may
cause actual Company results to differ materially from expectations. Such
factors include the following: (1) circumstances which could affect the writing
of workers' compensation, liability and property insurance, (2) economic,
business and competitive conditions in the employee staffing and insurance
industry and the economy in general, (3) the enactment of new regulations and
laws, and the amendment of existing regulations and laws which could affect the
Company's business, and (4) changes in the Company's business strategy or
development plans.
