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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): October 8, 1999
GREASE MONKEY HOLDING CORPORATION
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(Exact name of registrant as specified in its charter)
Colorado 000-9812 87-0321320
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
633 17th Street, Suite 400, Denver, Colorado 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 308-1660
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ITEM 5. OTHER EVENTS.
As previously reported by the Company, on December 15, 1998, a demand for
arbitration was made against the Company by Navfam, Inc. based upon the
Company's alleged breach of a Software License Agreement dated April 7, 1998.
The matter was governed by the American Arbitration Association in Los
Angeles, California, and was assigned Case No. 72Y1140138198. On October 8,
1999, the arbitrator found that the Company wrongfully repudiated the
agreement, and Navfam, Inc. was awarded approximately $579,000 in damages,
plus pre-judgment interest. The arbitrator's award is binding and not subject
to appeal. The Company is currently negotiating with Navfam, Inc. regarding
the terms of the payment due to Navfam, Inc.
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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 hereunto duly authorized.
Date: October 19, 1999
GREASE MONKEY HOLDING CORPORATION
By: /s/ Rex L. Utsler
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Rex L. Utsler, President and Chief
Operating Officer
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