<PAGE>
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) October 12, 1999
----------------
Casinovations Incorporated
- -------------------------------------------------------------------
(Exact name of Registrant as specified in charter)
Nevada
- -------------------------------------------------------------------
(State or other jurisdiction of incorporation)
000-25855 91-1696010
- ---------------------------- ---------------------------------
(Commission File Number) (IRS Employee Identification No.)
6744 South Spencer Street, Las Vegas, Nevada 89119
- -------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (702) 733-7195
----------------
Not Applicable
- -------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS
DEATH OF RICHARD S. HUSON
On October 12, 1999, Richard S. Huson, former Chairman of
the Board and principal stockholder of Casinovations
Incorporated, a Nevada corporation (the "Company"), died after a
lengthy illness. Prior to Mr. Huson's death, Mr. Huson, as
trustee of the Richard S. Huson Revocable Trust (the "Trust"),
had transferred to James E. Crabbe the voting rights to certain
shares of the Company's common stock held by the Trust. As a
result of this transfer, Mr. Crabbe holds approximately 63% of
the voting power in the Company. For additional information, see
"Item 5. Other Information. Irrevocable Power-of-Attorney
Granting Voting Rights of the Company's Common Stock" in the
Company's Quarterly Report on Form 10-QSB, as filed with the
Securities and Exchange Commission on August 13, 1999.
COMPANY DEVELOPMENTS
Over the past few months, the Company's manufacturing
process has been enhanced through the use of optical tachometers,
laser heat sensors, and state-of-the-art optical comparators.
This produced a more consistent manufacturing process which
resulted in the elimination of approximately twenty (20)
manufacturing and service personnel positions. Also contributing
to the reduction in staff was the implementation of upgraded
components for the new Universal Shuffler(TM) which resulted
in significantly fewer service requirements.
In addition, the Company has established service centers in
Detroit, Michigan; Seattle, Washington; Miami, Florida; and
Biloxi, Mississippi. The Company's service centers and quality
assurance system provide the Company with a consistent regional
presence and have resulted in fewer service calls.
By mid-November, the Company expects to be operational in
its new corporate offices and manufacturing center in Las Vegas,
Nevada.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Businesses Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
Not Applicable.
<PAGE>
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.
CASINOVATIONS INCORPORATED
(Registrant)
Date: October 15, 1999 By: /s/ Steven J. Blad
---------------------------------
Steven J. Blad
President and Chief Executive
Officer
