8-K 1 primedex_8k-072903.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. ____________________________________________________________ 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 report) July 28, 2003 PRIMEDEX HEALTH SYSTEMS, INC. -------------------------------------------------------------------------------- [Exact Name or Registrant as specified in its Charter] New York 0-19019 13-3326724 -------- ------- ---------- [State or other jurisdiction [Commission File No.] [IRS Employer of incorporation] Identification No.] 1510 Cotner Avenue, Los Angeles, California 90025-3303 ------------------------------------------------------ [Address of principal executive officers; ZIP Code] Registrant's Telephone No., including Area Code: (310)478-2800 ___________________________________________________________________ Former address, if changed since last report Item 5. Other Events and Regulation FD Disclosure ----------------------------------------- Registrant has defaulted in its obligation to redeem the $16.3 million in its outstanding 10% convertible subordinated debentures due June 30, 2003. In connection with the default Registrant has requested debenture holders to consent to the extension of the debenture for an additional five years through June 30, 2008 in return for which Registrant will (i) increase the annual interest rate to 11.5%; (ii) reduce the conversion rate to $2.50; and (iii) agree not to redeem the debentures prior to July 1, 2005. Assuming Registrant receives the approval of a majority of the debenture holders and two thirds in amount of those responding Registrant intends to file a prepackaged Chapter 11 Plan of Reorganization with the Bankruptcy Court to confirm the Plan and to approve the change which will then bind all debenture holders. The Bankruptcy proceeding should have no other impact on the Registrant. SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: July 28, 2003 PRIMEDEX HEALTH SYSTEMS, INC. By: /s/ Howard G. Berger, M.D. --------------------------------- Howard G. Berger, M.D., President