-----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, ADHafWK8mnWqz6yXcrn2Hkir6Zhm4zrhOTtaiDL49uxXwtrbWGpS9prJ/gooWANI QWWKsamJnW7gEFU/oJKG0A== 0000950153-00-000345.txt : 20000316 0000950153-00-000345.hdr.sgml : 20000316 ACCESSION NUMBER: 0000950153-00-000345 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000315 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000315 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RURAL METRO CORP /DE/ CENTRAL INDEX KEY: 0000906326 STANDARD INDUSTRIAL CLASSIFICATION: LOCAL & SUBURBAN TRANSIT & INTERURBAN HWY PASSENGER TRAINS [4100] IRS NUMBER: 860746929 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22056 FILM NUMBER: 570652 BUSINESS ADDRESS: STREET 1: 8401 EAST INDIAN SCHOOL RD CITY: SCOTTSDALE STATE: AZ ZIP: 85251 BUSINESS PHONE: 4809943886 8-K 1 FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ----------------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 March 15, 2000 March 15, 2000 (Date of earliest event reported) RURAL/METRO CORPORATION (Exact Name of Registrant as Specified in Charter) DELAWARE (State or other jurisdiction of incorporation) 0-22056 86-0746929 (Commission File Number) (IRS Employer Identification Number) 8401 EAST INDIAN SCHOOL ROAD SCOTTSDALE, ARIZONA 85251 (Address of Principal Executive Offices) (Zip Code) (480) 994-3886 (Registrant's telephone number, including area code) 2 Item 5. Other Events The Company issued a press release announcing the extension of its waiver of covenant compliance under its revolving credit facility, $5 million of funding availability subject to certain terms to be negotiated, and plans to make its scheduled bond payment to its bondholders as set forth in its press release dated March 15, 2000. See Exhibit 99.2. Item 7C. Exhibits 99.2 Press Release dated March 15, 2000. 3 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 hereunto duly authorized. RURAL/METRO CORPORATION Date: March 15, 2000 By: /s/ Dean Hoffman ------------------- ------------------------------ Dean Hoffman, Vice President and Principal Accounting Officer EX-99.2 2 EX-99.2 1 Exhibit 99.2 CONTACT: Liz Merritt, Director of Communications (480) 606-3337 Morgen-Walke Associates Investor Relations: John Swenson (415) 296-7383 Media Relations: Christopher Katis, Sheryl Seapy (415) 296-7383 Wire Services: Eric Gonzales (212) 850-5600 FOR IMMEDIATE RELEASE RURAL/METRO RECEIVES EXTENSION OF BANK WAIVER; MAKES BOND INTEREST PAYMENT SCOTTSDALE, ARIZ. (March 15, 2000) - Rural/Metro Corporation (Nasdaq: RURL) today announced that it has negotiated an extension of its waiver of covenant compliance under its revolving credit facility through April 13, 2000, and continues to work with its lenders to achieve a long-term agreement. The waiver extension also provides for $5 million of funding availability to the Company, subject to certain terms to be negotiated. The Company also announced that it will make its scheduled $5.9 million payment today to its bondholders, which represents semi-annual interest on its $150 million senior notes. Jack Brucker, President and Chief Executive Officer said, "We are making our scheduled bond interest payment from existing resources without requesting additional funds from our banks. This reflects the early success of our recently announced restructuring program, which includes scaling back unprofitable service areas, trimming corporate overhead costs and increasing emphasis on quality of revenue. This early success provides the opportunity to work with our bank group to finalize our restructuring plan, which we anticipate will improve results and build value in the Company for all stakeholders. We are 2 pleased by this vote of confidence from our bank group and look forward to finalizing a long-term plan." Brucker continued, "Rural/Metro provides essential services throughout the nation in communities that have placed a tremendous trust in our hands. As we work through this process, we believe Rural/Metro will emerge a healthier, more profitable company that will continue to deliver top-quality ambulance and fire protection services." Rural/Metro Corporation provides mobile healthcare services, including 911 and general ambulance transportation, fire protection and other safety-related services to municipal, residential, commercial and industrial customers in hundreds of communities throughout the United States and Latin America. This press release contains forward-looking statements regarding future business prospects that involve risks and uncertainties, including the current healthcare reimbursement environment, that are identified from time to time in the Company's SEC reports and filings. # # # -----END PRIVACY-ENHANCED MESSAGE-----