SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) January 29, 1999
Applied Capital Funding, Inc.
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(Exact name of registrant as specified in its charter)
Colorado 0-23171 84-1280679
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
4155 East Jewell Avenue, Suite 909, Denver, Colorado 80222
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 303-691-6163
NONE
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
A special meeting of the Directors of Applied Capital Funding, Inc. (the
"Company") was held at the offices of the Company on the 29th day of January,
1999, at 10:00 a.m. The purpose of the meeting was to discuss management's
efforts to recapitalize the Company. On January 14, 1999, the Directors agreed
to retire 13,362,000 shares of issued and outstanding common stock held by three
shareholders in exchange for 160,000 shares of the Company's Preferred Stock.
This transaction reduced the number of issued and outstanding shares of Common
Stock to 1,750,000. The Directors also authorized a forward 2 for 1 stock split
of its Common Stock.
The Common Stock to be forward split is all 1,750,000 shares issued and
outstanding. The date of the authorizing resolution is January 29, 1999. The
date of record for determining holders entitled to participate in the stock
split is February 22, 1999. The date of delivery is February 22, 1999.
Immediately following the split there will be 3,500,000 shares of Common Stock
issued and outstanding. The Company may issue fractions of a share if necessary,
which, after having reviewed the current shareholder list, the Directors expect
to be unlikely. The Company's officers have been instructed to properly notify
the NASD and the Company's transfer agent, the Company's shareholders, and file
the appropriate notice with the SEC.
The Company's transfer agent is Corporate Stock Transfer, and its address
is 370 17th Street, Suite 2350, Denver, CO 80202 and its telephone number is
303-595-3300.
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.
APPLIED CAPITAL FUNDING, INC.
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(Registrant)
Date: January 29, 1999
/s/ David R. Reitsema
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David R. Reitsema, Secretary
