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
September 21, 1998
Date of Report (Date of earliest event reported)
Supertel Hospitality, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-23536 47-0774097
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
309 North 5th Street, Norfolk, NE 68701
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
(402) 371-2520
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Item 5. OTHER EVENTS.
Effective September 21, 1998, Supertel Hospitality, Inc. and PMC
Commercial Trust amended the Agreement and Plan of Merger dated June 3, 1998 to
extend certain items therein by 30 days. A copy of the amendment, incorporated
by this reference, is attached as an exhibit hereto.
ITEM 7. EXHIBITS
Exhibit 99.1 Amendment dated September 21, 1998 to Agreement and Plan
of Merger.
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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.
SUPERTEL HOSPITALITY, INC.
Date: September 22, 1998 By: /s/ Paul J. Schulte
--------------------------
Paul J. Schulte
President and
Chief Executive Officer
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AMENDMENT DATED SEPTEMBER 21, 1998
TO
AGREEMENT AND PLAN OF MERGER
This Amendment, dated as of September 21, 1998 (the "Amendment"),
amends that certain Agreement and Plan of Merger dated as of June 3, 1998 by and
between PMC Commercial Trust and Supertel Hospitality, Inc. (the "Merger
Agreement").
1. Extension of Time. The parties hereby agree to extend the date with
respect to certain matters by amending the following provisions of the Merger
Agreement as set forth below:
(i) Section 10.2(a) is hereby amended to replace the date
"November 30, 1998" with the date "December 31, 1998";
(ii) Sections 10.3(c) and (d) are each respectively amended to
replace the dates "October 31, 1998" with "November 30, 1998";
(iii) Sections 10.4(b) and (c) are each respectively amended to
replace the dates "October 31, 1998" with "November 30, 1998";
and
(iv) Section 8.21 is hereby amended to replace "December 31, 1998"
with "January 31, 1999."
2. No Further Amendments. Except as provided above, the Merger Agreement is
not further amended.
IN WITNESS WHEREOF, the parties have executed this Amendment and caused the
same to be duly delivered on their behalf on the day and year first written
above.
PMC COMMERCIAL TRUST
/s/ Lance B. Rosemore
By:__________________________
Lance B. Rosemore
President and Chief Executive Officer
SUPERTEL HOSPITALITY, INC.
/s/ Paul J. Schulte
By:__________________________
Paul J. Schulte
President and Chief Executive Officer
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