PHYSICIANS RESOURCE GROUP INC
8-K, 2000-07-10
SPECIALTY OUTPATIENT FACILITIES, NEC
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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) June 22, 2000


                        Physicians Resource Group, Inc.
            (Exact name of registrant as specified in its charter)



              Delaware                   1-13778                76-0456864
    (State or other jurisdiction       (Commission            (IRS Employer
         of incorporation)             File Number)        Identification No.)


                14800 Landmark Blvd., Suite 500, Dallas, TX 75240
               Address of principal executive offices) (Zip Code)

        Registrant's telephone number, including area code (972) 892-7200
<PAGE>

Item 5.  Other Events

         On June 22, 2000, Physicians Resource Group, Inc. (the "Company"), a
debtor-in-possession, filed a Monthly Operating Report for the period May 1,
2000 through May 31, 2000 with the United States Bankruptcy Court for the
Northern District of Texas, Dallas Division (the "Bankruptcy Court"), Case
Number 00-30748-RCM. The Company's Monthly Operating Reports are not prepared on
a consolidated basis and therefore do not include the results of asset sales,
income, expense, assets or liabilities of the Company's subsidiaries. The
Company's investment in subsidiaries of $76,936,716 included in the Monthly
Operating Report for the month of May 2000 consists of various assets including
cash of approximately $12,300,000 held by the Company's subsidiaries. Like the
Company, the Company's subsidiaries are subject to a variety of possible claims
of creditors and other third party liabilities. If these claims are
substantiated, their value may exceed the amount of cash held by the Company's
subsidiaries.

         On May 25, 2000, the Company's wholly-owned subsidiary, EyeCorp, Inc.
("EyeCorp"), filed a petition in bankruptcy under Chapter 11 of the Bankruptcy
Code with the Bankruptcy Court. In the future, the Company intends to file
EyeCorp's separate Monthly Operating Reports together with the Company's Monthly
Operating Reports under cover of Form 8-K.

Item 7.  Financial Statements and Exhibits

         (c)      Exhibits:

                  99.1     Monthly Operating Report for May 1, 2000 through May
                           31, 2000

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<PAGE>

                                   SIGNATURES

         Pursuant to the requirements of Section 13 or 15(d) of the Securities
and Exchange Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

                                        PHYSICIANS RESOURCE GROUP, INC.


DATE: July 10, 2000                     By:  /s/ Michael Yeary
                                           -----------------------------------
                                                 Michael Yeary, President and
                                                 Chief Restructuring Officer

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