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 27, 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 21, 2000, ReSourcePhoenix.com announced the layoff of W.
Corey West, its President and Chief Operating Officer, Gregory Thornton, Vice
President and Chief Financial Officer, and approximately 16 employees, or
approximately 8% of its workforce. Gus Constantin, Chairman and Chief Executive
Officer, has assumed the position and the responsibilities of the office of
President. The office of Chief Financial Officer has been assumed by the
company's current Vice President of Operations, Neal Divver. In addition, the
company announced that Mr. West has been removed as a director.
ReSourcePhoenix.com also announced that it received a Staff
Determination on November 21, 2000 indicating that it fails to comply with the
net tangible assets requirement set forth in Marketplace Rule 4450(a)(3), and
that its securities are, therefore, subject to delisting from The Nasdaq
National Market. As a result, ReSourcePhoenix.com's Class A Common Stock will be
delisted from The Nasdaq National Market at the opening of business on November
30, 2000.
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to signed on its behalf by the
undersigned hereunto duly authorized.
RESOURCEPHOENIX.COM
By:
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Gus Constantin
Chief Executive Officer and President
Dated: November 27, 2000
