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UNITED STATES 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
JUNE 19, 2000
Commission file number 1-10841
GREYHOUND LINES, INC.
and its Subsidiaries identified in Footnote (1) below
(Exact name of registrant as specified in its charter)
DELAWARE 86-0572343
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
15110 N. DALLAS PARKWAY, SUITE 600
DALLAS, TEXAS 75248
(Address of principal executive offices) (Zip code)
(972) 789-7000
(Registrant's telephone number, including area code)
NONE
(Former name, former address and former fiscal year,
if changed since last report)
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CO-REGISTRANTS
This Form 8-K is also being filed by the following entities. Except as set forth
below, each entity has the same principal executive offices, zip code and
telephone number as that set forth for Greyhound Lines, Inc. on the cover of
this report:
<TABLE>
<CAPTION>
I.R.S. EMPLOYER JURISDICTION
COMMISSION IDENTIFICATION OF
NAME FILE NO. NO. INCORP.
------------ --------------- -------------
<S> <C> <C> <C>
Atlantic Greyhound Lines of Virginia, Inc. 333-27267-01 58-0869571 Virginia
GLI Holding Company 333-27267-04 75-2146309 Delaware
Greyhound de Mexico, S.A. de C.V. 333-27267-05 None Republic of
Mexico
Los Buenos Leasing Co., Inc. 333-27267-07 85-0434715 New Mexico
Sistema Internacional de Transporte de Autobuses, Inc. 333-27267-08 75-2548617 Delaware
Texas, New Mexico & Oklahoma Coaches, Inc. 333-27267-10 75-0605295 Delaware
1313 13th Street
Lubbock, Texas 79408
(806) 763-5389
T.N.M. & O. Tours, Inc. 333-27267-11 75-1188694 Texas
(Same as Texas, New Mexico & Oklahoma Coaches, Inc.)
Vermont Transit Co., Inc. 333-27267-12 03-0164980 Vermont
106 Main Street
Burlington, Vermont 05401
(802) 862-9671
</TABLE>
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GREYHOUND LINES, INC. AND SUBSIDIARIES
ITEM 5. OTHER EVENTS
LEGAL PROCEEDINGS
On May 9, 2000, a lawsuit was filed by two holders of 8-1/2% Redeemable
Preferred Stock alleging: (i) that Greyhound Lines, Inc. (the "Company"), in
violation of federal securities laws, materially misrepresented facts, and
omitted reference to material facts, with respect to the conversion rights of
holders of the Redeemable Preferred Stock and (ii) that the Company was in
breach of the rights of holders of Redeemable Preferred Stock as contained in
the Company's Restated Certificate of Incorporation. The suit sought recovery
from the Company of the conversion payments relating to the Redeemable Preferred
Stock held by the plaintiffs, totaling $17.4 million, costs, attorneys' fees and
interest. Laidlaw Inc., the Company's parent company, was also named as a
defendant in the suit. Plaintiffs allege that Laidlaw tortiously interfered with
the Company's obligations to the plaintiffs and sought injunctive relief, actual
and punitive damages, costs, attorneys' fees and interest. The suit, Reliant
Trading and Deutsche Bank AG, London Branch v. Greyhound Lines, Inc. and Laidlaw
Inc., is pending in the United States District Court for the Eastern District of
Wisconsin, Civil Action 00-C-0656. On May 31, 2000, another holder of Redeemable
Preferred Stock, Silverado Arbitrage Trading Ltd., filed a motion with the Court
seeking to intervene in the lawsuit. Silverado sought recovery of conversion
payments totaling $4.9 million, costs, attorneys' fees and interest from the
Company and sought injunctive relief, actual and punitive damages, costs,
attorneys' fees and interest as to Laidlaw.
On June 8 and 15, 2000, the Company and Laidlaw reached separate confidential
settlements with the plaintiffs and Silverado whereby they will receive
payments from the Company of the conversion amounts for their Redeemable
Preferred Stock, together with interest accruing from May 1, 2000, in weekly
installments through August 30, 2000. Pending fulfillment of the Company's
obligations under the settlements, the foregoing litigation has been stayed.
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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 thereunto duly authorized.
Date: June 19, 2000
GREYHOUND LINES, INC.
By: /s/ Jeffrey W. Sanders
----------------------------------------
Jeffrey W. Sanders
Senior Vice President and Chief Financial Officer
ATLANTIC GREYHOUND LINES OF
VIRGINIA, INC.
By: /s/ Jeffrey W. Sanders
----------------------------------------
Jeffrey W. Sanders
Senior Vice President and Chief Financial Officer
GLI HOLDING COMPANY
By: /s/ Jeffrey W. Sanders
----------------------------------------
Jeffrey W. Sanders
Senior Vice President and Chief Financial Officer
GREYHOUND de MEXICO S.A. de C.V.
By: /s/ Cheryl W. Farmer
----------------------------------------
Cheryl W. Farmer
Examiner
LOS BUENOS LEASING CO., INC.
By: /s/ Jeffrey W. Sanders
----------------------------------------
Jeffrey W. Sanders
Senior Vice President and Chief Financial Officer
SISTEMA INTERNACIONAL de TRANSPORTE
de AUTOBUSES, INC.
By: /s/ Jeffrey W. Sanders
----------------------------------------
Jeffrey W. Sanders
Senior Vice President and Chief Financial Officer
TEXAS, NEW MEXICO & OKLAHOMA
COACHES, INC.
By: /s/ Jeffrey W. Sanders
----------------------------------------
Jeffrey W. Sanders
Senior Vice President and Chief Financial Officer
T.N.M. & O. TOURS, INC.
By: /s/ Jeffrey W. Sanders
----------------------------------------
Jeffrey W. Sanders
Senior Vice President and Chief Financial Officer
VERMONT TRANSIT CO., INC.
By: /s/ Jeffrey W. Sanders
----------------------------------------
Jeffrey W. Sanders
Senior Vice President and Chief Financial Officer
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