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
May 1, 1997
GUARDIAN INTERNATIONAL, INC.
(FORMERLY EVEREST SECURITY SYSTEMS CORPORATION,
FORMERLY EVEREST FUNDING CORPORATION, FORMERLY BURNINGHAM ENTERPRISES, INC.)
- -------------------------------------------------------------------------------
(Exact name of the registrant as specified in charter)
Nevada 0-28490 58-1799634
- ----------------------- ------------------------ ------------------------
(State of Incorporation) (Commission File Number) (I.R.S. Employer ID No.)
3880 North 28th Terrace, Hollywood, Florida 33020-1118
- -------------------------------------------------------------------------------
(Address of principal executive offices)
Telephone Number (954) 926-5200
NONE
- -------------------------------------------------------------------------------
(Former name or address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS
Guardian International, Inc. (symbol GIIS) ("Guardian") announced on May 2, 1997
that it terminated its previously announced merger discussions with a privately
held Florida based security company. In February, Guardian entered into a
non-binding letter of intent which called for Guardian to issue 6.6 million
shares (or 48% on a fully diluted basis) of common stock in exchange for all of
the outstanding stock of the privately held company.
The closing of the agreement was subject to, among other things, due diligence
review and certain banking approvals. Either party had the ability to terminate
the letter of intent if it was not satisfied with the results of the due
diligence process.
Although the current letter of intent has been terminated, Guardian would
consider merging with the privately held company if different terms could be
negotiated.
Guardian provides alarm monitoring services as well as design, installation and
service of quality security and fire alarm systems throughout Florida. Guardian
expects to continue its monitoring account acquisition programs.
Guardian trades on the NASD Bulletin Board under the symbol "GIIS".
<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 thereunto duly authorized.
Guardian International, Inc.
SIGNATURE TITLE DATE
- --------- ----- ----
/s/ ROBERT K. NORRIS Chief Financial Officer, May 2, 1997
- -------------------------- Senior Executive Vice
Robert K. Norris President
