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):
June 21, 1999
CAPITA RESEARCH GROUP, INC.
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(Exact name of registrant as specified in its charter)
Nevada 1-14025 88-072350
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
591 Skippack Pike
Blue Bell, Pennsylvania 19422
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (215) 619-7777
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(Not Applicable)
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Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
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On June 21, 1999, the Board of Directors of the Registrant authorized
the sale of 3,350,273 shares of the Registrant's common stock to its officers
and directors, at the then current market price of $ 0.25 per share. The
Registrant subsequently issued those shares against payment received in the form
of interest bearing non-recourse notes in an aggregate amount of $837,568.25.
The Registrant is a development stage company, and accordingly,
compensates its management at below-market levels. The Board of Directors
believes that giving management an equity participation in the Registrant will
ultimately compensate management for services rendered, and furthermore, will
benefit all shareholders by providing the Registrant's officers and directors
with an incentive for their continued service.
<PAGE>
SIGNATURE
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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.
CAPITA RESEARCH GROUP, INC.
By /s/ David B. Hunter
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Name: David B. Hunter
Title: President and
Chief Executive Officer
Dated: September 20, 1999
