0000914121-01-500599.txt : 20011009
0000914121-01-500599.hdr.sgml : 20011009
ACCESSION NUMBER: 0000914121-01-500599
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20011002
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20011003
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: LODGIAN INC
CENTRAL INDEX KEY: 0001066138
STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011]
IRS NUMBER: 522093696
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14537
FILM NUMBER: 1751349
BUSINESS ADDRESS:
STREET 1: 3445 PEACHTREE ROAD N E SUITE 700
CITY: ATLANTA
STATE: CA
ZIP: 30326
BUSINESS PHONE: 4043649400
MAIL ADDRESS:
STREET 1: 3445 PEACHTREE ROAD N E SUITE 700
CITY: ATLANTA
STATE: CA
ZIP: 30326
8-K
1
lo600352-8k.txt
CURRENT REPORT
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) October 2, 2001
--------------------------------
LODGIAN, INC.
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(Exact name of registrant as specified in its charter)
Delaware 001-14537 52-2093696
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
3445 Peachtree Road, N.E., Suite 700
Atlanta, Georgia 30326
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (404) 364-9400
------------------------------
Not applicable
--------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
ITEM 5. OTHER EVENTS.
On October 2, 2001, Lodgian, Inc. (the "Company") announced that its President
and Chief Executive Officer, Thomas Arasi has resigned. The company has
appointed David Hawthorne as interim President and Chief Executive Officer. The
Company issued the press release attached hereto as Exhibit 99-1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
---------
99.1 Press Release dated October 2, 2001.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LODGIAN, INC.
Dated: October 2, 2001 By: /s/ David Hawthorne
-------------------------------
David Hawthorne
Interim Chief Executive Officer
EXHIBIT INDEX
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Exhibit No. Description
----------- -----------
99.1 Press Release dated October 2, 2001
EX-99.1
3
lo600352-ex99.txt
PRESS RELEASE DATED OCTOBER 2, 2001
Exhibit 99.1
[LODGIAN, INC. LOGO]
AT LODGIAN, INC.
David Hawthorne Thomas B. Stoughton Charles E. Miller, Jr.
Interim Chief Executive Officer Sr. Vice President of Finance Chief Accounting Officer
dhawthorne@lodgian.com tstoughton@lodgian.com cmiller@lodgian.com
(404) 365-3991 (404) 365-4050 (404) 812-3195
(FOR IMMEDIATE RELEASE)
TUESDAY, OCTOBER 2, 2001
LODGIAN APPOINTS DAVID HAWTHORNE
INTERIM CEO
ATLANTA - October 2, 2001 - Lodgian, Inc., (NYSE: LOD), announced today that its
President and Chief Executive Officer, Thomas Arasi, has resigned. The company
has appointed David Hawthorne as interim President and Chief Executive Officer.
ABOUT LODGIAN
Lodgian, Inc. owns or manages a portfolio of 106 hotels with
approximately 19,971 rooms in 32 states and Canada. The hotels are primarily
full service, providing food and beverage service, as well as meeting
facilities. Substantially all of Lodgian's hotels are affiliated with nationally
recognized hospitality brands such as Marriott, Holiday Inn, Crowne Plaza,
Radisson and Hilton. Lodgian's common shares are listed on the New York Stock
Exchange under the symbol "LOD".
FORWARD LOOKING STATEMENTS
Note: Statements in this press release that are not strictly historical are
"forward-looking" statements that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks, which may cause the
Company's actual results in the future to differ materially from expected
results. These risks include, among others; the effect of competition and the
economy on the Company's ability to maintain margins on existing operations; the
impact of threatened or pending litigation and/or governmental regulation; the
Company's ability to meet its strategic plan to sell assets and use the proceeds
to reduce overall Company debt and meet its principal amortization requirements;
the Company's ability to refinance certain existing debt obligations; and the
effectiveness of changes in management and the ability of the Company to retain,
qualified individuals to serve in senior management positions, as described in
the Company's filings with the Securities and Exchange Commission.
FOR MORE INFORMATION ON LODGIAN
VISIT LODGIAN AT WWW.LODGIAN.COM