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): August 31, 1999
Commission File Number: 0-7914
BASIC EARTH SCIENCE SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 84-0592823
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
8547 E. Arapahoe Rd. #J-464
Greenwood Village, Colorado 80112
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(Address of principal executive offices) (Zip Code)
(303) 773-8000
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(Registrant telephone including area code)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or such shorter period the registrant was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days. Yes ( X ) No ( )
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practical date.
Common Stock: 16,530,487
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INFORMATION INCLUDED IN REPORT
Item 5. Other Events
Basic Earth Science Systems, Inc. (Basic or the Company) reported that Mr. G.W.
Breuer, a member of the Company's board of directors and the former president of
Basic, along with his wife, sold all of their directly controlled Basic common
stock, comprising 3,765,272 shares, approximately 22.8% of the Company's
outstanding stock. Mr. Breuer remains on the board of directors and under the
Company's Articles of Incorporation may continue to serve until the next
shareholder's meeting and thereafter at the pleasure of the shareholders.
All of Mr. Breuer's and his wife's directly controlled common stock was
purchased by Ray Singleton, the company's current president. Mr. Singleton
previously held 670,206 shares of common stock, approximately 4.1%. This
transaction brings Mr. Singleton holdings to 4,435,478 shares, approximately
26.8% of the Company's outstanding shares.
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.
BASIC EARTH SCIENCE SYSTEMS, INC.
Date: August 31, 1999 By: /s/ Ray Singleton
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Ray Singleton, President
