LBO CAPITAL CORP
8-K, 1999-07-12
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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


                                  July 12, 1999
                                 ---------------
                                 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: (248) 851-5651


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


<PAGE>


 ITEM 5:  Other Events

   Effective  July 12, 1999 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, 1999,  were extended to July 25, 2000. 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, 2000.

   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, 1999,  were extended to July 25, 2000. 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, 2000.

   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, 1999,  were extended to July 25, 2000. 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, 2000.

   The Registrant's Controller notified the Registrant's Stock Transfer Agent by
   letter of July 12, 1999 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: July 12, 1999

                                LBO CAPITAL CORP.


                                 By  \s\ Thomas W. Itin
                                   ----------------------------
                                   Thomas W. Itin, President










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