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): SEPTEMBER 18, 2007 SUMMIT GLOBAL LOGISTICS, INC. (Exact name of registrant as specified in its charter) DELAWARE 000-51091 20-0781155 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification Number) ONE MEADOWLANDS PLAZA, 11TH FLOOR EAST RUTHERFORD, NEW JERSEY 07073 (Address of Principal Executive Offices) (Zip Code) 1 (908) 497-0280 (Registrant's telephone number, including area code) 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 (see General Instruction A.2. below): |_| 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)) ITEM 7.01 REGULATION FD DISCLOSURE Summit Global Logistics, Inc. (the "Company") had obtained a limited waiver from its senior secured lenders and senior secured noteholders with respect to the Company's failure to meet certain financial covenants under its senior secured credit facility and convertible notes (relating primarily to the attainment of specified EBITDA (earnings before interest, taxes, depreciation and amortization) targets and maintenance of prescribed ratios of debt to trailing twelve month EBITDA). As of August 31, 2007, those waivers expired. The Company has obtained further limited waivers from its secured lenders, and senior secured noteholders of current defaults through September 30, 2007. The Company has been negotiating with its senior lenders and noteholders to revise the financial covenants so that they are better aligned with the Company's historical and anticipated financial results. SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Summit Global Logistics, Inc. Date: September 19, 2007 /S/ Robert Agresti - ---------------------------------------- Robert Agresti, Chief Executive Officer