UNITED STATES
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): 09/22/2006
Analytical Surveys, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number: 000-13111
CO | 84-0846389 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
9725 Datapoint Drive
Suite 300B
San Antonio, TX 78229
(Address of principal executive offices, including zip code)
210-657-1500
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Information to be included in the report
Item 2.04. Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
On September 22, 2006, Analytical Surveys, Inc. ("the Company") announced that it received a notice of acceleration from the holders of secured convertible promissory notes in an aggregate principal amount of $2,000,000 issued on May 31, 2006 (the "Notes"). The Company must pay all principal, interest, and all other sums due under the Notes in cash on or before October 19, 2006. An interest payment of approximately $93,589 is due on September 30, 2006. If the Notes remain outstanding until October 19, 2006, additional interest of approximately $14,575 will be due in addition to the $2 million in principal. A copy of the press release announcing acceleration of the Notes is filed as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
99.1 Press release issued by the Company dated September 22, 2006
Signature(s)
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.
Analytical Surveys, Inc. | ||||||||
Date: September 20, 2006 | By: | /s/ Lori Jones | ||||||
Lori Jones | ||||||||
CEO | ||||||||
Exhibit Index
Exhibit No. | Description | |
EX-99.1 | Press Release dated September 22, 2006, announcing acceleration of Convertible Note |