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): May 28, 2003 PARKWAY PROPERTIES, INC. -------------------------------------------------------- (Exact Name of registrant as specified in charter) Maryland 1-11533 74-2123597 - ----------------------------- ------------------------ --------------------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) One Jackson Place Suite 1000 188 East Capitol Street P.O. Box 24647 Jackson, MS 39225-4647 ------------------------------------------------------ (Address of principal executive offices) (601) 948-4091 ---------------------------------------------------- (Registrant's telephone number, including area code) - -------------------------------------------------------------------------------- Former name or former address, if changed since last report ITEM 5. OTHER EVENTS. The historical ratio of earnings to combined fixed charges and preferred stock dividends for the periods indicated is as follows: Three Months Years Ended December 31, Ended March 31, 2003 2002 2001 2000 1999 1998 ---------------- Ratio of Earnings to Fixed Charges and 1.65 1.51 1.44 1.65 1.74 1.94 Preferred Stock Dividends For purposes of calculating the above ratios, earnings represent net income from our consolidated statements of operations, as adjusted for fixed charges and dividends on preferred stock. Fixed charges represent interest expense from our consolidated statements of operations. The ratios are based solely on historical financial information and no pro forma adjustments have been made thereto. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. (12) Statements regarding Computation of Ratios. 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. Date: May 28, 2003 PARKWAY PROPERTIES, INC. (Registrant) By: /s/ Marshall A. Loeb --------------------------------- Marshall A. Loeb Chief Financial Officer Exhibit Index Exhibit No. Description - ----------- ----------- (12) Statements regarding Computation of Ratios.