SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (date of earliest event reported): June 17, 1999
MEXCO ENERGY CORPORATION
(Exact name of registrant as specified in its Charter
Colorado 0-6694 84-0627918
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
214 W. Texas, Suite 1101 Midland, Texas 79701
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 915-682-1119
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
On June 17 1999, Nicholas C. Taylor, pursuant to an agreement incident to
divorce, transferred 248,942 shares of the common stock ($.50 par value of Mexco
Energy Corporation ("Company") to Catherine B. Taylor. Prior to this share
transfer, Mr. and Mrs. Taylor owned 1,079,770 shares of the common stock of
Issuer as community property, 21,000 shares of which were held in the name of
Ms. Taylor, with the balance in the name of Mr. Taylor. As a result of this
share transfer, Ms. Taylor now owns 269,942 shares of common stock of Issuer as
her own separate property and no longer retains beneficial ownership of 809,828
shares of common stock of Issuer. Mr. Taylor now owns 809,828 shares of common
stock of Issuer, or approximately 50% of the Issuer's outstanding shares, and no
longer retains beneficial ownership of 269,942 shares of common stock of Issuer.
ITEM 2. ACQUISITION OR DEPOSITION OF ASSETS
Pursuant to an agreement incident to divorce, 248,942 shares of the common
stock of the Company were transferred to Ms. Taylor such that she now owns
269,942 shares of the common stock of Issuer as her own separate property. Mr.
Taylor now owns 809,828 shares of the common stock of Issuer as his own separate
property.
Prior to the share transfer agreement, Mr. Taylor held 31,000 shares of
Issuer for the account of a minor child, Christie Taylor, for which he is
custodian. This 31,000 shares of Issuer has been transferred to an account held
by Texas Gulf Bank, N.A., of Freeport, Texas, for trust purposes to benefit
Christie Taylor. Mr. Taylor's two adult children each continue to hold 46,000
shares of Issuer's common stock, for which Mr. Taylor disclaims any beneficial
interest.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not applicable.
ITEM 4. CHANGES IN REGISTRANT?S CERTIFYING ACCOUNTANT
Not applicable.
ITEM 5. OTHER EVENTS
Not applicable.
ITEM 6. RESIGNATIONS OR REGISTRANT?S DIRECTORS
Not applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Not applicable.
ITEM 8. CHANGE IN FISCAL YEAR
Not applicable.
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.
Mexco Energy Corporation
Registrant
/s/ Nicholas C. Taylor
-----------------------------
Nicholas C. Taylor, President
Dated: June 17, 1999
