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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) July 20, 2000
Physicians Resource Group, Inc.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Delaware 1-13778 76-0456864
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
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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
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Item 5. Other Events
On July 20, 2000, Physicians Resource Group, Inc. (the "Company"), a
debtor-in-possession, filed a Monthly Operating Report for the period June 1,
2000 through June 30, 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 $76,587,643 included in the Monthly
Operating Report for the month of June 2000 consists of various assets including
cash of approximately $15,600,000 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.
As previously reported, 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. On July 20, 2000,
EyeCorp, as debtor-in-possession, filed a Monthly Operating Report for the
period May 25, 2000 through June 30, 2000 with the Bankruptcy Court. The Company
intends to continue 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 the Company for June 1, 2000
through June 30, 2000.
99.2 Monthly Operating Report for EyeCorp for May 25, 2000 through
June 30, 2000.
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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 27, 2000 By: /s/ Michael Yeary
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Michael Yeary, President and
Chief Restructuring Officer
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