SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 10 or 15(d) of the
Securities Exchange Act of 1934
SEPTEMBER 15, 1999
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Date of Report (date of earliest event reported)
MARGATE INDUSTRIES, INC.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE 0-13817 84-8963939
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation File Number) Identification Number)
129 N. MAIN STREET
YALE, MICHIGAN 48097
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(Address of Principal Executive Offices
Including Zip Code)
(313) 387-4300
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(Registrant's telephone number,
including area code)
NOT APPLICABLE
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(Former name or former address, if changed since last report)
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Item 1. Changes in Control of Registrant
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N/A
Item 2. Acquisition or Disposition of Assets
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N/A
Item 3. Bankruptcy or Receivership
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N/A
Item 4. Changes in Registrant's Certifying Accountants
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N/A
Item 5. Material Events
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On September 15, 1999, the Registrant's Board of Directors
approved a 5% stock dividend payable to all shareholders of the
Corporation owning shares of the Registrant's Common Stock as of
the record date of October 15, 1999. The dividend will be issued
and distributed to shareholders by American Securities Transfer
and Trust on November 15, 1999. Accordingly, the Registrant will
issue to all eligible shareholders a total of 74,461 shares of
its $0.015 par value Common Stock from its authorized but
unissued capital stock.
Item 6. Resignations of Registrant's Directors
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N/A
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Item 7. Financial Statements and Exhibits
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(a) and (b) None.
(c) Exhibits: None
SIGNATURES
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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.
MARGATE INDUSTRIES, INC.
Dated: September 21, 1999 By: /s/ William H. Hopton
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William H. Hopton, President
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