-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SjRhdnqZqqqbcIvWtl024ZgDUS4rsOXZPjBaLPy93e8nkh4jl6nBkyYJaNI/HU1c DnbYX6UD1EJrgx+rGpzefw== 0000724024-02-000012.txt : 20020415 0000724024-02-000012.hdr.sgml : 20020415 ACCESSION NUMBER: 0000724024-02-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020402 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 20020402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN PHYSICIANS SERVICE GROUP INC CENTRAL INDEX KEY: 0000724024 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT SERVICES [8741] IRS NUMBER: 751458323 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11453 FILM NUMBER: 02599884 BUSINESS ADDRESS: STREET 1: 1301 CAPITAL OF TEXAS HWY STREET 2: C-300 CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: 5123280888 MAIL ADDRESS: STREET 1: 1301 CAPITAL OF TEXAS HIGHWAY CITY: AUTIN STATE: TX ZIP: 78746 8-K 1 april2.txt SALE OF PMSI SHARES OF COMMON STOCK 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: March 19, 2002 American Physicians Service Group, Inc. (Exact name of registrant as specified in its charter) Texas 0-11453 75-1458323 (State of (Commission File Number) IRS Employer Incorporation) Identification No. 1301 Capitol of Texas Highway Suite C-300 Austin, Texas 78746 (Address of principal executive offices) (Zip Code) (512) 328-0888 (Registrant's telephone number, including area code) Item 2. ACQUISITION OR DISPOSITION OF ASSETS. ------------------------------------ On March 19, 2002, pursuant to an unsolicited offer, American Physicians Service Group, Inc. (the "Company"), sold 1,070,000 of its 1,843,803 shares of $0.01 par value common stock ("Common Stock") of Prime Medical Services, Inc. ("Prime"), which is an affiliate of the Company. The trade was executed through SWS Securities, Inc. a registered broker/dealer. The shares were sold at $6.772 per share with gross proceeds to the Company totaling $7,246,500. The Company originally acquired the shares in 1989. The sale reduced the Company's ownership in Prime from approximately 12% to less than 5% of the total outstanding Common Stock of Prime. Proceeds will be used for general corporate purposes. On March 6, 2002 the Company reported an earlier disposition of shares of Prime Common Stock. The Company did not then and currently does not have any specific plan to dispose of additional shares of its Prime Common Stock. Prime is a public company whose shares are traded on the NASDAQ exchange. 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. American Physicians Service Group, Inc. Date: April 2, 2002 By: /s/ W.H. Hayes ---------------------------------------------- Name: W.H. Hayes ---------------------------------------------- Title: Sr VP - Finance ---------------------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----