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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
Date of Report (Date of earliest event reported) January 12, 1999
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Physicians Resource Group, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-13778 76-0456864
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
14800 Landmark Blvd., Suite 500, Dallas, TX 75240
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (972) 892-7200
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Item 5. Other Events.
A press release dated January 12, 1999 that was issued by the Company regarding
the status of its $9.5 million loan with NationsBank is filed as an exhibit to
this report and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description Reference
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99.1 News Release of Physicians Resource Filed herewith
Group, Inc., dated January 12, 1999.
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.
PHYSICIANS RESOURCE GROUP, INC.
Date: January 12, 1999 By: /s/ David Meyer, Chairman
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EXHIBIT 99.1
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FOR IMMEDIATE RELEASE
PHYSICIANS RESOURCE GROUP, INC.
ANNOUNCES FURTHER DEVELOPMENTS
REGARDING COMPANY DEBT
DALLAS, TEXAS - January 12, 1999 - Physicians Resource Group, Inc. (NYSE:
PRG) today announced that the time period has expired during which NationsBank
had agreed not to take any action with respect to its $9.5 million loan to the
Company due December 31, 1998 that is in default. The Company continues to
conduct discussions with NationsBank and the individual guarantors of the
NationsBank loan with the goal of obtaining an acceptable arrangement to permit
the Company to pursue its restructuring. However, no assurance can be provided
that NationsBank will not take action to enforce fully its rights under its loan
agreement with the Company.
PRG is a provider of physician practice management services to eye care
practices and operates ambulatory surgery centers. Contact: Jonathan R. Bond,
Senior Vice President (972) 892-7200.
Certain statements in this news release consist of forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. As such, they involve risks and uncertainties as
detailed from time to time in the reports filed by the Company with the
Securities and Exchange Commission, including the Company's Annual Report on
Form 10-K, as amended, for the year ended December 31, 1997.
