SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) JULY 7, 1998
GREENSTONE ROBERTS ADVERTISING, INC.
(Exact name of registrant as specified in its charter)
Commission file number 000-17468
NEW YORK 11-2250305
(State or other jurisdiction of (IRS Employer
Incorporation or organization) Identification No.)
ONE HUNTINGTON QUADRANGLE
SUITE 1C14
MELVILLE, NEW YORK 11747
(Address of principal executive offices) (Zip Code)
(516) 249-2121
Registrant's telephone number, including area code
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Item 5. OTHER EVENTS.
The Circuit Court of Pinellas County, Florida has granted Greenstone Roberts
Advertising, Florida, a wholly owned subsidiary of Greenstone Roberts and The
Gothard Group (a/k/a Gothard/Greenstone Roberts), a final judgment of $1,000,000
from Proven Edge Inc., a past client.
Greenstone Roberts and The Gothard Group have agreed to refrain from the
enforcement of the final judgment until October 31, 1998 provided Proven Edge
meets certain payment requirements between now and this final settlement date.
Management is concerned about Proven Edge's ability to pay the full judgment.
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.
Greenstone Roberts Advertising, Inc.
By: /s/ Nelson C. Hunter
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Name: Nelson C. Hunter
Title: Senior Vice President
and Chief Financial Officer
