SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) January 27 , 1997
THE TRACKER CORPORATION OF AMERICA
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
0-24944 86-0767918
(Commission File Number) (I.R.S. Employer
Identification No.)
180 Dundas Street West, #1502, Toronto, Ontario, CANADA M5G 1Z8
(Address of Principal Executive Offices)
(416) 595-6222
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since last Report)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 3. Bankruptcy or Receivership.
Item 5. Other Events
On January 27, 1998, the Tracker Corporation of America's wholly-owned and
only operating subsidiary, the Tracker Corporation, an Ontario Company, filed
a notice with the Ontario Courts (Estate No./Court No. 31-342558) declaring its
insolvency and seeking protection from its creditors. Richard Kline of
Schwartz Levitsky Feldman Inc. has consented to act as trustee.
As a result of this filing, the Registrant's ability to continue as a going
concern is in doubt; accordingly, the Registrant is evaluating various strategic
alternatives including, without limitation, the cessation of operations, a sale
or liquidation of its assets or a recapitalization of the company.
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: February 3, 1998
THE TRACKER CORPORATION OF AMERICA,
a Delaware corporation
By: /s/ Bruce Lewis
Bruce Lewis, Chairman
2
Date Filed: February 3, 1998
