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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
Date of Report (Date of earliest event reported) JANUARY 24, 2000
SurgiLight, Inc.
(Exact name of Registrant as specified in charter)
Delaware 0-24897 35-1990562
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
12001 Science Drive, Suite 140, Orlando, Florida 32826
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (407) 482-4555
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
Not applicable.
ITEM 2. ACQUISITION AND DISPOSITION OF ASSETS.
The Company entered into the Agreement with Paul Miano (President of Advance
Marketing Technology, "AMT")and pursuant to the terms of this Agreement, the
Company has accepted the return of and cancelled, an additional 110,000 shares
(prior to 2 for 1 Forward split) of Common Stock that the Company issued to
AMT. The Company's total outstanding shares, 10,800,000, after the
Cancellation of these shares, is therefore reduced to 10,690,000 shares. After
the effective date of the 2 for 1 forward spilt, January 25, 2000, the Company
will have a total outstanding shares of 21,380,000 including the 164,000 shares
in reserve for the stock option program.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
Not applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Not applicable.
ITEM 5. OTHER EVENT.
On January 23, 2000, SurgiLight, Inc., Orlando, Florida held a Stock Option
Committee meeting to discuss a number of issues before the Corporation. All
Committee members were in attendance and they were: J.T. Lin, Ph.D., Timothy J.
Shea and J. S. Yuan, Ph.D. The meeting was called to order by J.T. Lin, Ph.D.,
President, CEO and Chairman of the Board of Directors at
1:00 PM at the home of Dr. Lin, in Oviedo, Florida.
Due the increase of the stock price and the 2:1 forward stock split, the Stock
options that were granted to all the Board of Directors and Officers of the
Company in 1999 will be returned to the
Company and will be reserved for the Company's future use. Additionally,
options granted to a key employee of the Company was revised as well. The post
split options of 10,000 shares will be granted at fair market price of $20.00
per share.
All shares are referred to as "post split". The Board of Directors will
receive 2,000 Stock Options for each year of service at fair market value as
defined by 30 days of average closing bid price between January 5, 2000 and
February 4, 2000. The Employee Incentive Plan will be discussed at a later
date. The Company currently has 164,000 (post split) shares reserved for the
year 2000 and future Stock Option Plans for the Board of Directors, Officers,
Employees, and other plans such as Incentive for New Patents, Public
Relations, outside consultants, etc.
ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS.
Not Applicable
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
a) Financial Statements not applicable.
b) Exhibits not applicable
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: January 24, 2000
SurgiLight, Inc.
By: /s/J.T. Lin
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J.T. Lin, President and CEO
Chairman of Board Directors
