FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Date of Report (Date of earliest event reported) February 15, 2002
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ACR Group, Inc.
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(Exact name of registrant as specified in its charter)
Texas 0-12490 74-2008473
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
3200 Wilcrest, Suite 440, Houston, Texas 77042
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code (713) 780-8532
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(Former name or former address, if changed since last report)
Item 5. Other Events.
ACR Group, Inc. (the "Company") amended the loan agreement with its senior
lender to revise certain financial covenants, and obtained a waiver of all prior
Events of Default (as defined in the loan agreement) that existed as a result of
the Company's non-compliance with certain financial covenants as of August 31,
2001.
The Company expects to be in compliance with all of the financial covenants of
the loan agreement at February 28, 2002, the end of its fiscal year, and during
its fiscal year ending February 28, 2003.
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.
ACR GROUP, INC.
Dated: February 15, 2002 By: /s/ A. Stephen Trevino
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A. Stephen Trevino
Vice President and Secretary