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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) December 9, 1999
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Casinovations Incorporated
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(Exact name of Registrant as specified in charter)
Nevada
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(State or other jurisdiction of incorporation)
000-25855 91-1696010
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(Commission File Number) (IRS Employee Identification No.)
6830 Spencer Street, Las Vegas, Nevada 89119
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (702) 733-7195
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Former Address: 6744 South Spencer Street, Las Vegas, NV 89119
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
APPOINTMENT OF CHIEF FINANCIAL OFFICER
On December 9, 1999, Casinovations Incorporated (the "Company") named
Michael C. McDonald, the Company's acting Chief Financial Officer, to the
position of Chief Financial Officer. Mr. McDonald is a certified public
accountant and received his B.A. in accounting from Brigham Young University and
his M.B.A. from the University of Utah.
GRANT OF STOCK APPRECIATION RIGHTS
On December 10, 1999, the Company announced that it would grant to each
employee who was employed by the Company as of December 10, 1999, approximately
90 individuals, a stock appreciation right to receive an amount of cash based
upon the appreciation in value of 100 shares of the Company's common stock with
an exercise price of $2.60. This non-transferable stock appreciation right must
be exercised in its entirety and terminates upon the earlier of the termination
of the employee's employment, 180 days after the employee's death and three
years after the employee's retirement. As of the date of this report, the
Company is in the process of formally issuing the stock appreciation rights to
the eligible employees.
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.
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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
Date: December 20, 1999 By: /s/ Steven J. Blad
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Steven J. Blad
President and Chief Executive Officer
