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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) September 27, 1999
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LINDATECH INC.
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(Exact name of registrant as specified in charter)
DELAWARE
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(State or other jurisdiction of incorporation)
1-12021 13-3848652
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(Commission file number) (IRS employer identification no.)
One World Trade Center, 87th Floor, New York, New York 10048
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(Address of principal executive offices)
Registrant's telephone number, including area code (212) 321-9531
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
Linda Industries Pty Limited, an Australian corporation and the
Registrant's wholly-owned subsidiary ("Linda"), was informed by its bank, the
National Australia Bank Limited (the "Bank"), that because Linda had not reduced
its outstanding indebtedness pursuant to the Overdraft and Multi-Option
facilities dated February 9, 1999 between the Bank and Linda (the "Credit
Agreement") by Australia $4,000,000 by September 24, 1999, the Bank pursuant
to the Credit Agreement was requiring Linda to commence the process of selling
the business of Linda to repay the outstanding indebtedness under the Credit
Agreement. Linda has recently commenced such process. No assurances can be given
when, if ever, the sales will occur or the terms of any such sale.
Item 6. Registration of Registrant's Directors
On September 27, 1999, Adrian D. Wischer, a Director and the Chief
Executive Officer of the Company provided the Registrant with notice that he,
effective as of such date, resigned as a Director of the Registrant. Mr. Wischer
also gave the Company the required three (3) month notice pursuant to his
employment agreement that he will be terminating his employment contract with
the Company.
SIGNATURES
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.
LINDATECH INC.
(Registrant)
Dated: September 30, 1999 By: /s/ Adrian D. Wischer
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Adrian D. Wischer
President and CEO