8-K 1 d89568e8-k.txt FORM 8-K 1 ================================================================================ 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): AUGUST 2, 2001 MICRO-ASI, INC. (Exact name of registrant as specified in its charter) TEXAS 000-27027 75-2586030 (State of incorporation) (Commission File No.) (IRS Employer Identification No.) 2901 SUMMIT AVENUE SUITE 400 PLANO, TEXAS 75074 (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (972) 398-5500 ================================================================================ 2 ITEM 5. OTHER EVENTS On June 22, 2001, Micro-ASI, Inc., a Texas corporation (the "Company"), failed to make payment of approximately $748,057 due under its outstanding 14% Secured Bridge Promissory Note (the "Note"). The Note is secured by substantially all assets of the Company and its subsidiaries (the Collateral"). On June 28, 2001, the Company received a letter from Eagleston Investment Partners I, L.P., a holder of the Note ("EIPI"), stating that the Company was in default under the Note. Since May 2001, several directors of the Company have resigned. Pursuant to Form 8-K, General Instructions F, registrant hereby incorporates by reference the press release attached hereto as Exhibit 99.1. -2- 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MICRO-ASI, INC. By: /s/ Scott Smith ---------------------------------------- Name: Scott Smith Title: Chief Operating Officer Dated: August 6, 2001 -3- 4 EXHIBIT INDEX

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