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) Sept. 2, 1998
Commission file number 0-16734
C.E.C. INDUSTRIES CORP.
(Exact name of registrant as specified in charter)
Nevada 87-0217252
(State of other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
23 Cactus Garden Drive, F-60
Green Valley (Henderson), Nevada 89014
(Address of Principal Executive Office) (Zip Code)
(702) 893-4747
(Registrant's Telephone Number, Including Area Code)
Copies To:
Marie Levine
President
23 Cactus Garden Drive, F-23
Henderson, Nevada 89014
(702)893-4747
C.E.C. Industries Corp. Page 2
Item No 1 Changes in Control of Registrant.
No events to report.
Item No. 2. Acquisition or Disposition of Assets.
No events to report.
Item No. 3. Bankruptcy or Receivership.
No events to report.
Item No. 4. Changes in Registrant's Certifying Accountant.
No events to report.
Item No. 5. Other Events.
George Matthews, Jr. vs. C.E.C. Industries
On September 2, 1998, a judgement was entered in United States District
Court, District of Utah, Central Division, against C.E.C. Industries, Inc.
in favor of George A. Matthews, Jr. a former President and Director of
C.E.C. Industries. The judgement entered was in the amount of
$207,306.93. The judgement award was to compensate Mr. Matthews for monies
allegedly owed to him on his Employment Agreement, from an alleged wrongful
stop transfer, interest, and attorney's fees.
On January 22, 1999, the Company filed an appeal of the above decision with
the United States Court of Appeals for the Tenth Circuit.
The company has been enable to post a bond. The judgement has been recorded
in several states under the Sister State Judgement Act.
C.E.C. Industries, Inc. vs. Richard G. Matthews and Raymond A. Ebert
On February 11, 1999 C.E.C. Industries, Inc. filed a complaint in the Third
Judicial District court in Salt Lake County, State of Utah against Richard G.
Matthews (son of George Matthews, Jr.) and
Raymond A. Ebert. In that action, C.E.C. Industries claims that both
Richard G. Matthews and Raymond A. Ebert breached their fiduciary duties
while Officers and/or Directors of C.E.C. Industries.
C.E.C. Industries Corp. Page Three
Item No. 6. Resignation of Registrant's Directors.
No events to report.
Item No. 7. Financial Statements, Proforma Financial Information and Exhibits.
No events to report.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
C.E.C. Industries Corp.
By:/s/Marie Levine Dated: 3-5-99
Marie Levine, President
