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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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): November 2, 2000
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PROFESSIONAL TRANSPORTATION GROUP LTD., INC.
(Exact name of registrant
as specified in its charter)
Georgia 000-22571 58-1915632
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
1950 Spectrum Circle, Suite B-100, Marietta, Georgia 30067
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (678) 264-0400
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On November 2, 2000, Professional Transportation Group Ltd., Inc. (the
Company") announced that it has received notification from its principal outside
lender that the Company has defaulted in the payment of interest and other
amounts required pursuant to the loan and security agreement between the bank
and the Company. The notice does not purport to accelerate the payment of the
entire lending facility, but demands payment of approximately $1,000,000 on
November 2, 2000. Further information is contained in the Company's press
release which is attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL SCHEDULES AND EXHIBITS.
(c) Exhibits.
99.1 Press Release dated November 2, 2000.
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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.
PROFESSIONAL TRANSPORTATION GROUP
LTD., INC.
By: /s/ William R. Asbell, Jr.
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William R. Asbell, Jr.
Interim Chief Financial Officer,
Vice President and General Counsel
Dated: November 2, 2000
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EXHIBIT INDEX
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Exhibit
Number Exhibit Name
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<S> <C>
99.1 Press Release dated November 2, 2000
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