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): December 10, 2001
Azul Holdings Inc.
(Exact name of registrant as specified in its charter)
Delaware 000-14747 04-2751102
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6671 Gunpark Drive, Suite 100, Boulder, Colorado 80301
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 448-8833
Not applicable
(Former name or former address, if changed since last report)
Item 5. Other Events.
Tudor Trust has advised Azul Holdings Inc. ("Azul") that it intends to
proceed with its right to foreclose on the assets of Azul as a result of the
uncured default on Azul's greater than $15,000,000 indebtedness to Tudor Trust.
A foreclosure sale has been scheduled for December 28, 2001. The foreclosure
will not affect the companies whose securities are held by Azul, none of which
are indebted to Tudor Trust. Azul will continue its efforts to utilize its
assets for the repayment of the indebtedness to Tudor Trust.
SIGNATURE
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: December 10, 2001 AZUL HOLDINGS INC.
By: /s/ Edward S. Wittman
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Edward S. Wittman
Vice President and
Chief Financial Officer