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 Date of Report (Date of Earliest Event Reported): May 2, 2003 TRANSTEXAS GAS CORPORATION -------------------------- (Exact name of registrant as specified in its charter) DELAWARE -------- (State or other jurisdiction of incorporation) 0-30475 76-0401023 ------- ---------- (Commission File Number) (I.R.S. Employer Identification No.) 1300 North Sam Houston Parkway East, Suite 310 Houston, Texas 77032 --------------------- (Address of principal executive offices, including zip code) (281) 987-8600 -------------- (Registrant's telephone number, including area code) ITEM 1. CHANGES IN CONTROL OF REGISTRANT. Not applicable. ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. Not Applicable. ITEM 3. BANKRUPTCY OR RECEIVERSHIP. Not Applicable. ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. Not applicable. ITEM 5. OTHER EVENTS. On May 2, 2003, the Company issued a press release (the "Press Release") announcing that it has submitted its Disclosure Statement and Plan for Reorganization (the "Plan") to the United States Bankruptcy Court. The Plan calls for the reorganization of the Company and its wholly owned subsidiaries, Galveston Bay Processing Corporation and Galveston Bay Pipeline Company. For additional information, reference is made to the Press Release dated May 2, 2003, a copy of which is attached as an exhibit hereto. ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS. Not applicable. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial statements of businesses acquired: Not applicable. (b) Pro forma financial information: Not applicable. (c) Exhibits: 99.1 TransTexas Gas Corporation Press Release dated May 2, 2003. ITEM 8. CHANGE IN FISCAL YEAR. Not applicable. ITEM 9. REGULATION FD DISCLOSURE. Not applicable. 2 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. TRANSTEXAS GAS CORPORATION By: /s/ ED DONAHUE ---------------------------------- Name: Ed Donahue Title: Chief Financial Officer Dated: May 2, 2003 3 INDEX TO EXHIBITS <Table> <Caption> EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99.1 TransTexas Gas Corporation Press Release dated May 2, 2003. </Table> 4