-----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, ATNDCw5Dr1haq7jIT5S6yxXnKJkTxqQ1O9TCzY18vBMUJEMrbzDQlo2E/Gbl6NhS xHhu/4TYXq9l3NE1L7wDOA== 0000899140-02-000496.txt : 20020712 0000899140-02-000496.hdr.sgml : 20020712 20020712161843 ACCESSION NUMBER: 0000899140-02-000496 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020628 ITEM INFORMATION: Other events FILED AS OF DATE: 20020712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRIME HOSPITALITY CORP CENTRAL INDEX KEY: 0000080293 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 222640625 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06869 FILM NUMBER: 02702074 BUSINESS ADDRESS: STREET 1: 700 RTE 46 E CITY: FAIRFIELD STATE: NJ ZIP: 07004 BUSINESS PHONE: 9738821010 MAIL ADDRESS: STREET 1: 700 RTE 46 EAST CITY: FAIRFIELD STATE: NJ ZIP: 07004 FORMER COMPANY: FORMER CONFORMED NAME: PRIME EQUITIES INC DATE OF NAME CHANGE: 19731120 FORMER COMPANY: FORMER CONFORMED NAME: PRIME MOTOR INNS INC DATE OF NAME CHANGE: 19920609 8-K 1 phc1069646.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): June 28, 2002 PRIME HOSPITALITY CORP. ---------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-6869 22-2640625 --------------- ------------ ------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 700 Route 46 East Fairfield, New Jersey 07004 --------------------- ----- (Address of principal executive offices) (Zip Code) (973) 882-1010 --------------- (Registrant's telephone number, including area code) Item 5. Other Events. ------------ On June 28, 2002, the American Arbitration Association rendered a decision with respect to an action brought by Sholodge Inc. ("Sholodge") against Prime Hospitality Corp. ("Prime") seeking monetary damages in connection with the termination by Prime of its contract with Sholodge to use Sholodge's reservation system for Prime's AmeriSuites and Wellesley Inns and Suites hotels. The decision awarded Sholodge $8.9 million in damages. This judgment is not covered by insurance and exceeds Prime's current available litigation reserves by approximately $4.5 million. Accordingly, Prime expects to record a charge of approximately $4.5 million against its pre-tax earnings ($2.7 million after tax) for the second quarter of 2002. Prime is currently reviewing its options to appeal the decision. SIGNATURE 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 thereunto duly authorized. PRIME HOSPITALITY CORP. By: /s/ Douglas Vicari --------------------------- Name: Douglas Vicari Title: Chief Financial Officer Date: July 12, 2002 -----END PRIVACY-ENHANCED MESSAGE-----