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): December 28, 2001
TRANSIT GROUP, INC.
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(Exact name of Registrant as specified in its charter)
Florida 0-18601 59-2576629
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(State or other jurisdiction of (Commission File No.) (IRS Employer
incorporation or organization Identification No.)
Overlook III
2859 Paces Ferry Road
Suite 1740
Atlanta, Georgia 30339
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(Address of principal executive offices, including zip code)
(770) 444-0240
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(Registrant's telephone number, including area code)
None.
(Former name or Former Address if
Changed Since Last Report)
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
On December 28, 2001, Transit Group, Inc. (the "Company") and certain of
its subsidiaries ("Subsidiaries"), Transit Group Transportation, LLC, Transit
Group of Canada, Inc. (Canadian) and Network Transport Ltd. (Canadian), filed
voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code
("Code") in the U.S. Bankruptcy Court (the "Court") for the Middle District of
Florida. No trustee, receiver or fiscal agent has been appointed. The Court has
approved orders allowing the Company, and its Subsidiaries, to manage the
business on a normal course basis throughout the restructuring process and to
operate as a debtor-in-possession.
The Company issued a press release on December 31, 2001 announcing that it,
along with the Subsidiaries, filed voluntary petitions for reorganization under
Chapter 11 of the Code. A copy of the press release is attached as Exhibit 99.1
to this Current Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS
99.1 Press Release dated December 31, 2001.
SIGNATURE
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.
TRANSIT GROUP, INC.
Date: January 9, 2002 /s/ PHILIP A. BELYEW
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Philip A. Belyew
Chief Executive Officer and President