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FORM 8-K
Securities and Exchange Commission
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 14, 1998
PRINCETON AMERICAN CORPORATION
(Exact name of registrant as specified in its charter)
Nevada 0-5141 22-1848644
(State or other (Commission File (IRS Employer
Jurisdiction of Number) Identification
Incorporation Number)
2222 E. Camelback Road, Suite 105, Phoenix, Arizona 85016
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code: (602) 522-2444
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ITEM 4. BANKRUPTCY OR RECEIVERSHIP
On December 14, 1998, the United States Bankruptcy Court for the
District of Arizona, Case No. 96-13675 PHX JMM, ordered a hearing set for
January 6, 1999 on a motion to modify the plan of reorganization for the
Company. The Company's motion seeks to extend certain deadlines established by
the joint plan of reorganization approved by the Bankruptcy Court on December
20, 1997. A copy of the order is attached hereto as an exhibit and is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits.
(20) Documents Incorporated By Reference
20.1 Order And Notice Of Hearing On Motion To
Modify Plan Filed By The Reorganized Debtor,
Princeton American Corporation
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
WEDNESDAY, DECEMBER 16, 1998
Princeton American Corporation
By: /s/ William C. Taylor
------------------------------------------
William C. Taylor, Chief Executive Officer
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EXHIBIT INDEX
Exhibit
No. Description
- - ------- -----------
20.1 Order And Notice Of Hearing On Motion To Modify Plan Filed By
The Reorganized Debtor, Princeton American Corporation
3
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[LEWIS AND ROCA LLP LAWYERS LETTERHEAD] EXHIBIT 20.1
IN THE UNITED STATES BANKRUPTCY COURT
DISTRICT OF ARIZONA
In Re: ) Chapter 11
)
PRINCETON AMERICAN ) Case No. 96-13675-PHX-JMM
CORPORATION, )
) ORDER AND NOTICE OF
Debtor, ) HEARING ON MOTION TO
) MODIFY PLAN FILED BY THE
EID: 22-1848644 ) REORGANIZED DEBTOR,
) PRINCETON AMERICAN
) CORPORATION
- - ------------------------------
IT IS ORDERED AND NOTICE IS GIVEN that a hearing will be held at the
United States Bankruptcy Court, 2929 N. Central Avenue, Phoenix, Arizona, 11th
Floor, Courtroom 3 on the 6th day of January, 1999 at 1:30 o'clock p.m. to
consider and act upon:
Motion filed by Princeton American Corporation, the reorganized
debtor, to modify all one-year deadlines in its confirmed joint plan
to the later of December 20, 1999 or one hundred eighty (180) days
after final order establishing the amount and priority of the Weiss
claim, provided such order is not stayed or subject to further appeal.
IT IS FURTHER ORDERED that the debtor is directed to provide notice
of this hearing by mail to all creditors and to notify stockholders by the
filing of a Form 8K with the SEC.
For further information, consult the motion on file in the office of
the Clerk of the United States Bankruptcy Court. Any objection must be made in
writing and filed
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[LEWIS AND ROCA LLP LAWYERS LETTERHEAD]
five (5) days prior to the hearing with the Clerk of the Bankruptcy Court, 2929
N. Central Avenue, Phoenix, Arizona, or file by mailing to:
Clerk of the U.S. Bankruptcy Court
P.O. Box 34151
Phoenix, Arizona 85067-4151
with a copy served upon the attorney for Princeton American Corporation:
Randolph J. Haines
Lewis and Roca, LLP
40 N. Central Avenue
Phoenix, Arizona 85004-4429
DATED this 14th day of December, 1998.
UNITED STATES BANKRUPTCY COURT
S/ JAMES M. MARLAR
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HONORABLE JAMES M. MARLAR
United States Bankruptcy Judge
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