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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) November 16, 1995
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WELLSTEAD INDUSTRIES, INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE 2-9793C 35-1636466
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
581 BOYLSTON STREET, SUITE 500, BOSTON, MA 02116
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (617) 424-8090
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ITEM 5. OTHER EVENTS
On November 16, 1995, Wellstead Industries, Inc. (the "Company"), which
owns all of the issued and outstanding capital stock of Control Resource
Systems, Inc. ("CRSI") and the Board of Directors of CRSI adopted resolutions
authorizing the officers of CRSI to take appropriate action to liquidate the
assets and the business of CRSI. CRSI is currently exploring opportunities to
sell various of its assets and business operations in an effort to raise cash to
fulfill its obligations to its secured and unsecured creditors.
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SIGNATURE
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.
WELLSTEAD INDUSTRIES, INC.
January 22, 1996 By: /s/ John W. Burkhart
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John W. Burkhart
Chairman of the Board, Chief Executive
Officer, President
