As filed with the Securities and Exchange Commission on July 19, 2000.
Registration No. 333-3074
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SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K
JUNE 30, 2000
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported) June 30, 2000
NEXLAND, INC.
(Exact Name of registrant as specified in its charter)
Arizona 333-3074 65-0782410
(State of other (Commission File (IRS Employer Identification
jurisdiction of Number) Number)
incorporation)
1101 Brickell Avenue
Suite 200, North Tower
Miami, Florida 33131
(Address of principal executive offices)
Tel: (305) 358-7771
(Registrant's telephone number)
20801 Biscayne Boulevard
Aventura, Florida 33180
(Former name or former address, if changed since last report)
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Item 1. Change in Control of Registrant.
Not applicable
Item 2. Acquisition or Disposition of Assets.
Not applicable
Item 3. Bankruptcy or Receivership.
Not applicable
Item 4. Changes in Registrant's Certifying Accountant.
Not applicable
Item 5. Other Events.
On June 30, 2000, the Company and Enrique Dillon, (the
"Executive") the Chief Executive Officer entered into a
Severance Agreement and Release wherein Enrique Dillon
forfeited the 1,170,000 shares of common stock issued pursuant
to the Employment Agreement.
The Company agreed to issue 500,000 shares of common stock to
Enrique Dillon and to register them on the Company's next
registration statement, which shall remain effective for a
period of one year.
The Executive shall have the right to immediately sell 250,000
shares of common stock, subject only to the restrictions
imposed by applicable securities laws and regulations. The
remaining 250,000 shares of common stock may not be sold on
the public markets until November 30, 2000, again subject only
to the restrictions imposed by applicable securities laws and
regulations.
On July 14, 2000, Richard G. Steeves, resigned his position as
a member of the Board of Directors, effective immediately.
Item 6. Resignation of Registrant's Director.
Not applicable
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(a) Financial Statements
(b) Pro Forma Financial Statements
(c) Exhibits
Exhibit No. Description
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17 Resignation of Director
17.1 Letter of Richard G. Steeves dated July 17, 2000
99 Severance Agreement and Release of Enrique Dillon
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SIGNATURES
Pursuant to the requirement 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.
NEXLAND, INC.
By: /s/ Martin Dell'oca
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Martin Dell'oca
Dated: July 19, 2000
Nexland, Inc.
1101 Brickell Avenue
Suite 200, North Tower
Miami, Florida 33131
