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 report) July 21, 2000
Nicole Industries, Inc.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
000-27079 68-0422343
(Commission file number) (IR Employer Identification no.)
83-888 Ave. 51 Coachella, CA 92236
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (760) 398-9700
Item 1. Agreement and Plan of Reorganization.
On July 21, 2000 the company agreed to issue 93,000,000 shares of its common
stock to Aluka USA, a Delaware corporation, against the delivery of
31,627,075 of Aluminum Korea Co. Ltd., a corporation organized under the laws
of Korea "Aluko Korea". The shares of common stock of Aluka Korea owned
by the company represents 50.01% of the issued and outstanding voting stock
of Aluka Korea. As a result of the company's stock issuance, Aluka USA will
own 93% of the outstanding stock of the company.
Aluka Korea was founded in 1986 and is the largest manufacturer in Korea of
etched and formed aluminum foils in electrolytic capacitors. Etched and formed
aluminum foil is an essential raw material for electrolytic capacitors.
On July 21, 2000, and in connection with the company's issuance of the shares
of common stock to Aluka USA, Dempsey K. Mork and Randall A. Baker, the two
existing officers and directors appointed the successor officers and
directors and then resigned. The newly appointed directors are Ju Young Park
and Min-Kyung Park.
Mr. Ju Young Park is the President and Chief Executive Officer of the company.
Mr. Park is a founder and the President of Aluka Korea. He received his
Bachelor of Science degree in mechanical engineering from Hanyang University
in South Korea. Prior to founding Aluka Korea, Mr. Park worked for seventeen
years with Daewo Electronics Corporation. Prior to leaving Daewo Electronics,
Mr. Park was General Manager in charge of its Research and Development.
Ms. Min-Kyung Park is the Chief Financial Officer and Secretary of the company.
She joined Aluka Korea in 1999. She graduated from Iwho Women's University
in Korea and studied at Oregon State University.
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 therunto duly authorized.
Date: August 3, 2000
Nicole Industries, Inc.
By:/s/ J.Y. Park
Ju Young Park, President
