SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
PROVIDENCE CAPITAL X, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
N/A
(CUSIP Number)
Nadeau & Simmons, P.C.
1250 Turks Head Building
Providence, RI 02903
(401) 272-5800
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 24, 1999
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box |_|.
Check the following box if a fee is being paid with the statement |_|.
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five
percent or less of such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom
copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
<PAGE>
CUSIP No. N/A 13D
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RICHARD NADEAU, JR.
JAMES R. SIMMONS
MARK T. THATCHER
JAMES H. BRENNAN, III
DOUG DYER
DAVID W. PEQUET
MARK MARGASON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) | |
(b) | |
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF (The source of funds or consideration for all persons listed in Section
1 was their personal assets)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E)
|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA (All persons listed in Section 1 are United States Citizens)
<PAGE>
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7 SOLE VOTING POWER
NUMBER OF
RICHARD NADEAU, JR. JAMES R. SIMMONS MARK T. THATCHER
100,000 100,000 100,000
SHARES JAMES H. BRENNAN, III DOUG DYER DAVID W. PEQUET
100,000 100,000 100,000
MARK MARGASON
100,000
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8 SHARED VOTING POWER
BENEFICIALLY OWNED BY 0
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9 SOLE DISPOSITIVE POWER
EACH RICHARD NADEAU, JR. JAMES R. SIMMONS MARK T. THATCHER
100,000 100,000 100,000
REPORTING
JAMES H. BRENNAN, III DOUG DYER DAVID W. PEQUET
PERSON WITH 100,000 100,000 100,000
MARK MARGASON
100,000
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
RICHARD NADEAU, JR. JAMES R. SIMMONS MARK T. THATCHER JAMES H. BRENNAN, III
100,000 100,000 100,000 100,000
DOUG DYER DAVID W. PEQUET MARK MARGASON
100,000 100,000 100,000
TOTAL: 700,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
| |
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
RICHARD NADEAU, JR. JAMES R. SIMMONS MARK T. THATCHER JAMES H. BRENNAN, III
13.6% 13.6% 13.6% 13.6%
DOUG DYER DAVID W. PEQUET MARK MARGASON
13.6% 13.6% 13.6%
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14 TYPE OF REPORTING PERSON*
IN (Each person listed in Section 1 is an individual)
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1. SECURITY AND ISSUER
This Statement relates to the Common Stock of Providence Capital X, Inc.,
a Colorado corporation (the "Company" or "Issuer"), which has its principal
corporate offices at 1250 Turks Head Building, Providence, Rhode Island 02903
ITEM 2. IDENTITY AND BACKGROUND
(a) This Statement is being filed by Richard Nadeau, Jr., James R. Simmons,
Mark T. Thatcher, James H. Brennan, III, Doug Dyer, David W. Pequet and
Mark Margason (the "Shareholders").
(b) The business address of the Shareholders is 1250 Turks Head Building,
Providence, Rhode Island 02903.
(c) The present principal occupation or employment of the
Shareholders are as set forth below:
Richard Nadeau, Jr. Attorney
James R. Simmons Attorney
Mark T. Thatcher Attorney
James H. Brennan, III Investment Banker
Doug Dyer Investment Banker
David W. Pequet Registered Investment Advisor
Mark Margason Registered Investment Advisor
The following table sets forth the membership of the Shareholders and
ownership of their Providence Capital X, Inc. common stock:
Beneficial Ownership.
Richard Nadeau, Jr. 100,000 13.6 %
C/O Providence Capital X, Inc.
1250 Turks Head Building
Providence, RI 02903
James R. Simmons 100,000 13.6 %
C/O Providence Capital X, Inc.
1250 Turks Head Building
Providence, RI 02903
Mark T. Thatcher 100,000 13.6 %
C/O Providence, Capital X, Inc.
1250 Turks Head Building
Providence, RI 02903
James H. Brennan, III 100,000 13.6 %
735 Broad Street, Suite 800
Chattanooga, TN 37402
Doug Dyer 100,000 13.6 %
735 Broad Street, Suite 800
Chattanooga, TN 37402
David W. Pequet 100,000 13.6 %
105 East First Street, Suite 101
Hinsdale, IL 60521
Mark Margason 100,000 13.6 %
105 East First Street, Suite 101
Hinsdale, IL 60521
<PAGE>
(d) During the last five years, the Shareholders have not been
convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors).
(e) During the last five years, David W. Pequet has been a party to a civil
proceeding of an administrative body of competent jurisdiction and as a result
of such proceeding has executed an Offer of Settlement, without admitting any of
the allegations, whereby he will cease and desist from committing or causing any
violations and any future violations of Sections 206(1), 206(2) and 207 of
the Investment Adviser Act of 1940. No other shareholder has been a party to
any judicial or administrative proceding.
(f) The Shareholders are all United States citizens.
ITEM 3. SOURCE AND AMOUNT OF FUNDS
The Shareholders hold the securities described herein as a result of consulting
services rendered by the Shareholders in connection with the development of the
Registrant's business plan and formation of the Company.
ITEM 4. PURPOSE OF TRANSACTION
The Shareholder hold the Common Stock as affiliates and officers of
the Registrant.
(a) The Shareholders may acquire more shares of Common Stock or
dispose of Common Stock as business and market conditions dictate.
(b) The Shareholder do not have any plans or proposals that relate
to or would result in an extraordinary corporate transaction, such as a
merger, reorganization, or liquidation, involving the Company or any of its
subsidiaries.
<PAGE>
(c) The Shareholders do not have any plans or proposals that relate
to or would result in a sale or transfer of a material amount of assets of the
Company or any of its subsidiaries.
(d) The Shareholders do not have any plans or proposals that relate
to or would result in any change in the present board of directors or
management of the Company, including any plans or proposals to change the
number or term of directors or to fill any existing open vacancies on the
board.
(e) The Shareholders do not have any plans or proposals that relate
to or would result in any material change in the present capitalization or
dividend policy of the Company.
(f) The Shareholders do not have any plans or proposals that relate
to or would result in any other material change in the Company's business or
corporate structure.
(g) The Shareholders do not have any plans or proposals that relate
to or would result in changes in the Company's charter or bylaws or other
actions which may impede the acquisition of control of the Company by any
person.
(h) The Shareholders do not have any plans or proposals that relate
to or would result in causing a class of securities of the Company to be
de-listed from a national securities exchange or to cease to be authorized
to be quoted in an inter-dealer quotation system of a registered national
securities association.
(i) The Shareholders do not have any plans or proposals that relate
to or would result in a class of equity securities of the Company becoming
eligible for termination of registration pursuant to Section 12(g)(4) of
the Act.
(j) The Shareholders do not have any plans or proposals that relate
to or would result in any action similar to any of those enumerated above.
<PAGE>
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The Shareholders beneficially owns the number of shares of Common Stock,
representing the percentages of the total issued and outstanding shares of
Common Stock set forth below. The Shareholders have sole power to direct the
vote of these shares and sole power to direct the disposition of such shares.
Richard Nadeau, Jr. 100,000 13.6%
James R. Simmons 100,000 13.6%
Mark T. Thatcher 100,000 13.6%
James H. Brennan, III 100,000 13.6%
Doug Dyer 100,000 13.6%
David W. Pequet 100,000 13.6%
Mark Margason 100,000 13.6%
(a) Number of Shares and Percentages of Common Stock Owned as of
the date of this filing:
Richard Nadeau, Jr. 100,000 13.6%
C/O NADEAU & SIMMONS, P.C.
1250 Turks Head Building
Providence, RI 02903
James R. Simmons 100,000 13.6%
C/O NADEAU & SIMMONS, P.C.
1250 Turks Head Building
Providence, RI 02903
Mark T. Thatcher 100,000 13.6%
C/O NADEAU & SIMMONS, P.C.
1250 Turks Head Building,
Providence, RI 02903
James H. Brennan, III 100,000 13.6%
735 Broad Street, Suite 800
Chattanooga, TN 37402
Doug Dyer 100,000 13.6%
735 Broad Street, Suite 800
Chattanooga, TN 37402
David W. Pequet 100,000 13.6%
105 East First Street, Suite 101
Hinsdale, IL 60521
Mark Margason 100,000 13.6%
105 East First Street, Suite 101
Hinsdale, IL 60521
(b) The Shareholders have the sole power to vote and to dispose of the
shares described herein.
(c) Not applicable.
(d) The Shareholders know of no person who has the right to receive
or the power to direct the receipt of dividends from, or the proceeds from
the sale of the shares.
<PAGE>
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS OR UNDERTAKINGS WITH RESPECT TO
SECURITIES OF THE ISSUER
The Shareholders beneficially own the number of shares of Common Stock of the
Company, representing the percentages of the total issued and outstanding shares
of Common Stock of the Company set forth below. The Shareholder has the
authority to vote or direct the vote of the Shareholder's shares of Common
Stock of the Company.
Richard Nadeau, Jr. 100,000 13.6%
James R. Simmons 100,000 13.6%
Mark T. Thatcher 100,000 13.6%
James H. Brennan III 100,000 13.6%
Doug Dyer 100,000 13.6%
David W. Pequet 100,000 13.6%
Mark Margason 100,000 13.6%
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not Applicable
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Dated: July 17, 2000
/s/ Nadeau & Simmons, P.C.
NADEAU & SIMMONS, P.C.,
Filing Agent for Richard Nadeau, Jr., James R. Simmons,
Mark T. Thatcher, James H. Brennan, III, Doug Dyer,
David W. Pequet and Mark Margason
/s/ Richard Nadeau, Jr.
RICHARD NADEAU, JR.
/s/ James R. Simmons
JAMES R. SIMMONS
/S/ Mark T. Thatcher
MARK T. THATCHER
/s/ James H. Brennan, III
JAMES H. BRENNAN, III
/s/ Doug Dyer
DOUG DYER
/s/ David W. Pequet
DAVID W. PEQUET
/s/ Mark Margason
MARK MARGASON
