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UNITED STATES
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
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DATE OF REPORT: November 8, 1999
Commission File Number: 0-22299
SAXTON INCORPORATED
(Exact name of registrant as specified in its charter)
NEVADA 88-0223654
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
5440 West Sahara Ave., Third Floor
Las Vegas, Nevada 89146
(702) 221-1111
(Address and telephone number of principal executive offices)
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ITEM 5. OTHER EVENTS.
On November 8, 1999, Registrant terminated the employment of its former
executive vice president of finance and chief financial officer, Kirk Scherer.
James C. Saxton, the Registrant's president and chief executive officer, has
assumed, on an interim basis, the responsibilities of chief financial officer
and the Registrant is in the process of interviewing candidates for the position
of chief financial officer.
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.
Date: November 11, 1999 SAXTON INCORPORATED
(Registrant)
By: /S/ JAMES C. SAXTON
James C. Saxton
Chairman of the Board, President
and Chief Executive Officer
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