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UNITED STATES
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) July 2, 2003
PARK CITY GROUP, INC.
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(Exact name of registrant as specified in its chapter)
NEVADA 000-03718 37-1454128
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
333 Main Street #300
Park City, UT 84060 84060
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(Principal executive offices) (Zip Code)
Registrant's telephone number, including area code (435) 649-2221
N/A
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(Former name or former address, if changed since last report)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 1. Changes in Control of Registrant. N/A
Item 2. Acquisition or Disposition of Assets.
In June 2001 the Company received Subscription Agreements from three investors
for 9,000,000 shares of common stock for $1,530,000. The Company was the holder
of Secured Promissory Notes and Pledge Agreements related to the Subscription
Agreements.
The Company has previously received $461,800 under the agreements and released
2,716,471 shares from the Pledge Agreements. The remaining secured Promissory
Notes are in default. Pursuant to the terms of the Notes and Pledge Agreements,
the Company has cancelled the remaining 6,283,529 shares and the related
subscription receivable.
Item 3. Bankruptcy or Receivership. N/A
Item 4. Changes in Registrant's Certifying Accountant N/A
Item 5. Other Events and Regulation FD Disclosure. N/A
Item 6. Resignations of Registrant's Directors. N/A
Item 7. Financial Statements and Exhibits.
99. 1 Subscription Agreement Carrington Capital
99. 2 Promissory Notes (2) Carrington Capital
99. 3 Pledge Agreement Carrington Capital
99. 4 Cancelled Certificates (5) Carrington Capital
99. 5 Subscription Agreement Elenson
99. 6 Promissory Note Elenson
99. 7 Pledge Agreement Elenson
99. 8 Cancelled Certificates (6) Elenson
Item 8. Change in Fiscal Year. N/A
Item 9. Regulation FD Disclosure. N/A
Item 10. Amendments to the Registrant's Code of Ethics, or Waiver of a Provision
of the Code of Ethics; N/A
Item 11. Public notice of a pension fund blackout period N/A
Item 12. Results of Operation and Financial Condition N/A
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: July 14, 2003 PARK CITY GROUP, INC.
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(Registrant
/s/ Peter Jensen
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Peter Jensen, Chief Financial Officer