LBO CAPITAL CORP
8-K, 1996-06-20
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                                     FORM 8-K


                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549



                                  CURRENT REPORT

                Pursuant to Section 13 or 15(d) of the Securities
                               Exchange Act of 1934


                                   June 20, 1996
                                  Date of Report



                                   LBO CAPITAL CORP.
                   (Exact Name of Registrant as specified in its charter)


                 Colorado               33-19107                38-2780733     
              (State or other         (Commission              (I.R.S. Employer
              jurisdiction of          file number)      Identification Number)
              incorporation or
              organization)


             7001 Orchard Lake Road, Suite 424
             West Bloomfield, Michigan                          48322-3608     
            (Address of Principal Executive Offices)            (Zip Code)


    Registrant's telephone number, including area code: (810) 851-5651


                                           N/A                           
                Former name or former address, if changed from last report


<PAGE>

ITEM 5:  Other Events

Effective  June 20,  1996 the  Board of  Directors  of LBO  Capital  Corp.  (the
"Registrant")  adopted  a  resolution  extending  the  exercise  period  of  the
Registrant's   Callable  Class  A  Common  Stock  Purchase  Warrants  ("Class  A
Warrants"),  the  Callable  Class B Common  Stock  Purchase  Warrants  ("Class B
Warrants")  and the Callable Class C Common Stock  Purchase  Warrants  ("Class C
Warrants").

The Class A  Warrants,  which were  originally  exercisable  for  twelve  months
(through  February  26,  1989) and  subsequently  extended  to expire on various
dates,  the latest being July 25,  1996,  were  extended to July 25, 1997.  Each
Callable  Class A  Warrant  entitles  its  holder to  purchase  one share of the
Registrant's  $.0001  par value  common  stock  for $.50  each  share and can be
exercised at any time prior to the extended expiration date of July 25, 1997.

The Class B Warrants,  which were  originally  exercisable  for eighteen  months
(through August 26, 1989) and subsequently  extended to expire on various dates,
the latest being July 25, 1996,  were  extended to July 25, 1997.  Each Callable
Class B Warrant  entitles its holder to purchase  one share of the  Registrant's
$.0001 par value  common  stock for $.75 each share and can be  exercised at any
time prior to the extended expiration date of July 25, 1997.

The Class C Warrants which were originally  exercisable  for twenty-four  months
(through  February  26,  1990) and  subsequently  extended  to expire on various
dates,  the latest being July 25,  1996,  were  extended to July 25, 1997.  Each
Callable  Class C  Warrant  entitles  its  holder to  purchase  one share of the
Registrant's  $.0001  par value  common  stock for $1.00  each  share and can be
exercised at any time prior to the extended expiration date of July 25, 1997.

The Registrant's  Controller  notified the Registrant's  Stock Transfer Agent by
letter of June 20, 1996 as to the extensions.


<PAGE>

                                   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 thereunto duly authorized.


Date: June 20, 1996

                                                LBO CAPITAL CORP.


                                         By   s/ Thomas W. Itin               
                                             Thomas W. Itin, President
 




<PAGE>





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