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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 July 21, 2000
COMMISSION FILE NO. 0-30746
TBX RESOURCES, INC.
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(Exact name of registrant as specified in its charter)
TEXAS 75-2592165
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(State or other jurisdiction (I.R.S. Employer Identification No.)
incorporation or organization)
12300 Ford Road, Suite 265, Dallas, TX
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(Address of principal executive offices)
(972) 243-2610
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(Registrant's telephone number, including area code)
Check whether the registrant: (1) has filed all reports required to be filed by
Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days. Yes [X] No [ ]
Exhibit Index is on Page 5.
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TBX RESOURCES, INC.
FORM 8 - K
TABLE OF CONTENTS
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Item 1. Changes in Control of Registrant - None
Item 2. Acquisition or Disposition of Assets - None
Item 3. Bankruptcy or Receivership - None
Item 4. Changes in Registrant's Certifying Accountant - None
Item 5. Other Events................................................... Page 3
Item 6. Resignations of Registrant's Directors......................... Page 3
Item 7. Financial Statements and Exhibits.............................. Page 5
Signatures.............................................................. Page 4
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ITEM 5. Other Events
On May 17, 2000, the Texas Securities Commissioner ordered that the
exemption provided under Section 5.O of the Texas Securities Act in connection
with the offer for sale and sale of the common stock of our company was
suspended, meaning that no securities dealer shall offer for sale or sell our
common stock in the State of Texas while this suspension is in effect. A copy of
the order issued by the Texas Securities Commissioner has been filed as an
exhibit to this current report on Form 8-K.
Mr. Burroughs and our company have hired counsel to represent them in
this matter. Mr. Burroughs and our company are taking steps to have this order
lifted as soon as possible, with such steps including adding 2 outside directors
to our board of directors and placing restrictions on the transferability of Mr.
Burroughs' common stock. However, there can be no assurance that the Texas
Securities Board will determine that the steps we propose to take will be
sufficient to remove the suspension of trading in our common stock in the State
of Texas.
On or about May 17, 2000, a search warrant was executed on our company
by agents of the Federal Bureau of Investigation.
ITEM 6. Resignations of Registrant's Directors
Effective July 7, 2000, Christine Coley resigned from our Board of
Directors. As discussed, in Item 5 above, we expect to add 2 outside directors
to our Board of Directors. At the time of this report, our sole Director is Tim
Burroughs.
Item 7. Financial Statements and Exhibits
Exhibits
Order dated May 17, 2000, from the Texas Securities Commissioner.
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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 herein duly authorized.
TBX RESOURCES, INC.
(Signature) /s/ Tim Burroughs
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Tim Burroughs
(Title): President and Director
(Date): July 21, 2000
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FORM 8-K
CURRENT REPORT
EXHIBIT INDEX
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Item/Exhibit No. Document Page
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Item 5 Order dated May 17, 2000
from the Texas Securities Commissioner................ 6
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