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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
March 4, 2000
(Date of earliest event reported)
SPACEDEV, INC.
(Exact Name of Registrant as Specified in its Charter)
Colorado 000-28947 84-1374613
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification
Incorporation) Number)
13855 Stowe Drive, Poway, CA 92064
(Address of Principal Offices, including zip code)
(858) 375-2030
(Registrant's telephone number, including area code)
Item 5. Other Events
Resignation of Key Employee and Appointment of Officer
On March 4, 2000, Rex Ridenoure, previously reported as a key employee on
Registrant's Form 10-SB filed January 18, 2000, resigned his position with
Registrant. Despite the prior designation of Mr. Ridenoure as a key employee,
departure is not expected to have a material effect on Registrant's operation
because of recent new hires. Also on March 4, 2000, Mr. Stanley W. Dubyn began
employment as President and Chief Operating Officer.
Change in Trading Symbol Designation
Pursuant to the continuing implementation of the OTC Bulletin Board(R)
Eligibility Rule implementation, the Company received notice on or about March
10, 2000 that the fifth character "E," which denotes potential delinquency in
SEC reporting requirements, was being added to its trading symbol pending SEC
clearance of this Registration Statement. The NASD has indicated that the symbol
will be removed when it has received notice from the SEC to the effect that the
Commission has no further comments with respect to the Registration Statement.
In the event that this Registration Statement is not cleared by the SEC by April
5, 2000, the Company's symbol will be delisted. The Company has been advised by
the NASD that it may continue trading on Pink Sheets in the event it is delisted
and one or more of its market makers applies for an exemption for Rule 211 on
the Company's behalf. Additionally, the Company has been informed by the NASD
that, in the event of delisting, it will be able to relist its common stock upon
clearance of this Registration Statement and filing of Form 211 with the NASD by
one or more of the Company's market makers.
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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 hereunto duly authorized.
SPACEDEV, INC.
Dated: March 20, 2000 By: /s/ James W. Benson
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Name: James W. Benson
Title: Chief Executive Officer
