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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): June 15, 2000
KINETIKS.COM, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-27418 76-0478045
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10055 Westmoor Drive
Westminster, CO 80021
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 543-1408
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ITEM 5. OTHER EVENTS.
On July 5, 2000, Kinetiks.com, Inc. (the "Company"), issued a press
release announcing that Jon V. Ludwig, the President and Chief Executive Officer
of the Company, surrendered 250,000 shares of preferred stock of the Company,
$.001 par value per share ("the "Preferred Stock") for cancellation by the
Company. Mr. Ludwig was the only holder of the Preferred Stock prior to the
surrender of the shares. The Preferred Stock entitled Mr. Ludwig to 50 votes for
each share of Preferred Stock held by him and was convertible at a rate of 50 to
1 into the Company's Common Stock. Mr. Ludwig received no consideration in
connection with the cancellation of the Preferred Stock. A copy of the press
release is filed herewith as Exhibit 99.1 and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
See Exhibit Index attached hereto.
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SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in the press release filed with this Form 8-K and
oral statements by directors or officers of the Company that are not based on
historical fact may constitute "forward-looking statements" within the meaning
of the Securities Act of 1933 and Securities Exchange Act of 1934. The terms
"Kinetiks.com," "company," "we," "our" and "us" refer to Kinetiks.com., Inc. The
words "expect," "believe," "goal," "plan," "intend," "estimate," and similar
expressions and variations thereof are intended to specifically identify
forward-looking statements. Those statements include statements regarding the
intent, belief or current expectations of the company, its directors or its
officers. You are cautioned that any such forward looking statements are not
guarantees of future performance and involve risks and uncertainties, and that
actual results may differ materially from those projected in the forward looking
statements as a result of various factors, including those identified in our
filings from time-to-time with the SEC. The Company undertakes no obligation to
publicly update or revise forward looking statements to reflect events or
circumstances after the date of the press release and this Form 8-K or to
reflect the occurrence of unanticipated events.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.
KINETIKS.COM, INC.
By: /s/Paul Thomas
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Paul Thomas
Chief Financial Officer
Dated: July 26, 2000
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EXHIBIT INDEX
Exhibit
Number Exhibit Description
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99.1 Press Release dated July 5, 2000 announcing the surrender of
Preferred Stock by Jon V. Ludwig, the Company's President and
Chief Executive Officer.
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