UNITED STATES 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: November 30, 2000
RESOURCEPHOENIX.COM
(Exact Name of Registrant as specified in its charter)
Delaware 000-27449 52-2190830
(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification Number)
2401 Kerner Boulevard
San Rafael, CA 94901
(415) 485-4600
(Address, including zip code, and telephone number, including area code,
of Registrant's principal executive offices)
Item 5. Other Events.
On November 29, 2000, ReSourcePhoenix.com (RPC) announced that it has
agreed to sell substantially all of its assets to Phoenix American Incorporated
(PAI), an RPC affiliate, as part of an orderly winding down of the company's
operations. In this regard, PAI will assume the company's obligations to its
secured creditors. No recovery to general unsecured creditors or shareholders is
anticipated at this time. In addition, the company announced the layoff of
approximately 80 of its 173 employees. The remaining employees will be
transitioned to the purchaser of the assets.
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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.
RESOURCEPHOENIX.COM
By: /s/ Gus Constantin
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Gus Constantin
Chief Executive Officer
Dated: November 30, 2000
