SCHEDULE 14C INFORMATION
Information Statement Pursuant to Section 14(c)
of the Securities Exchange Act 1934
Check the appropriate box:
[ ] Preliminary Information Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[X] Definitive Information Statement
HYTK Industries, Inc.
--------------------------------
(Name of Registrant as Specified in Its Charter)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
1) Title of each class of securities to which transaction applies.
2) Aggregate number of securities to which transaction applies:
3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11. (Set forth the amount on which the
filing fee is calculated and state how it was determined.)
4) Proposed maximum aggregate value of transaction:
-----------------------------------------------------------
[ ] Fee paid previously by written preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration
statement number, or the Form of Schedule and the date of its filing.
1) Amount Previously Paid:
2) Form, Schedule or Registration Statement No.:
3) Filing Party:
4) Date Filed:
<PAGE>
INFORMATION STATEMENT
OF
HYTK INDUSTRIES, INC.
701 East Main Street
Benedict, Kansas 66714
Telephone: 316-698-2250
WE ARE NOT ASKING YOU FOR A PROXY AND YOU
ARE REQUESTED NOT TO SEND US A PROXY.
--------------------------------------------------------------------------------
NOTICE OF SHAREHOLDERS CONSENT TO CHANGE THE NAME OF
HYTK INDUSTRIES, INC.
TO
QUEST RESOURCE CORPORATION
HYTK Industries, Inc. ("the Company") is providing this Information
Statement to all shareholders as notification that the holders of a majority of
its outstanding common stock, par value $0.001 ("Common Stock"), voted to change
the name of HYTK Industries, Inc. ("HYTK") to Quest Resource Corporation
("Quest"). This Information Statement does not relate to any other event or
issue.
On May 17, 2000, holders of a majority of the Common Stock voted
pursuant to written consent to change the name of HYTK to Quest Resource
Corporation. Of the 5,292,843 shares issued and outstanding and entitled to vote
by written consent on that date, shareholders owning 3,889,429 shares, or 73% of
the outstanding Common Stock, voted to approve this name change.
On June 5, 2000, the Company expects to send this Information Statement
to all shareholders of record as of May 31, 2000. The name change shall be
effective twenty (20) calendar days after this Information Statement is mailed
to its shareholders. The effective date for this corporate action is expected to
be June 25, 2000.
SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT
The record date for this solicitation is May 31, 2000. The following
table sets forth certain information concerning ownership of the Company's
Common Stock as of May 17, 2000. The table discloses each entity the Company
knows to beneficially own more than five percent (5%) of its Common Stock. The
table also shows the stock holdings of the Company's directors, as the well as
the shares held by its directors and executive officers as a group. The notes
accompanying the information in the table below are necessary for a complete
understanding of the figures provided.
1
<PAGE>
<TABLE>
<CAPTION>
Title of Name and Address of Amount and Nature of Percent
-------- -------------------- -------------------- -------
Class Beneficial Owner Beneficial of
----- ---------------- ---------- --
Ownership(1) Class
------------ -----
<S> <C> <C> <C>
Common The Henry F. Mogg M&M Trust (2)
Stock 1999 London Town Lane 1,137,121 21.5%
Titusville, FL 23796
Common Crown Properties, LC (3)
Stock 701 East Main Street 975,000 18.4%
Benedict, KS 66714
Common Bonanza Energy Corporation of Kansas(4)
Stock 701 East Main Street 508,527 9.6%
Benedict, KS 66714
Executive Officers and Directors
Common Douglas L. Lamb (5)
Stock 701 East Main Street 1,567,377 29.6%
Benedict, KS 66714
Common John C. Garrison
Stock 701 East Main Street 47,272 0.9%
Benedict, KS 66714
Common Richard M. Cornell
Stock 701 East Main Street 16,800 0.3%
Benedict, KS 66714
Common All Executive Officers & Directors
Stock as a Group (Three persons) 1,631,449 30.8%
--------------------------
</TABLE>
(1) The number of shares beneficially owned by the entities above is determined
under rules promulgated by the SEC and the information is not necessarily
indicative of beneficial ownership for any other purpose. Under such rules,
beneficial ownership includes any shares as to which the individual has sole or
shared voting power or investment power and also any shares which the individual
has the right to acquire within 60 days through the exercise of any stock option
or other right. The inclusion herein of such shares, however, does not
constitute an admission that the named stockholder is a direct or indirect
beneficial owner of such shares. Unless otherwise indicated, each person or
entity named in the table has sole voting power and investment power (or shares
such power with his or her spouse) with respect to all shares of capital stock
listed as owned by such person or entity.
(2) The Henry F. Mogg M&M Trust is controlled by Henry F. Mogg as its settlor
and trustee with full and exclusive personal power of revocation and amendment
over the Trust as long as he is alive.
(3) Crown Properties, LC is wholly owned by Marsha K. Lamb, wife of Douglas L.
Lamb.
2
<PAGE>
(4) Bonanza Energy Corporation of Kansas is jointly owned by Douglas L. Lamb and
Marsha K. Lamb.
(5) Includes (i) 975,000 shares held by Crown Properties LC, which is 100% owned
by Marsha K. Lamb; (ii) 14,950 shares held by Marsha K. Lamb; (iii) 508,527
shares held by Bonanza Energy Corporation of Kansas, which is jointly owned by
Douglas L. Lamb and Marsha K. Lamb; and (iv) 67,000 shares held by Bonanza Oil &
Gas Corporation, which is jointly owned by Douglas L. Lamb and Marsha K. Lamb.
Douglas L. Lamb disclaims beneficial ownership of the shares specified in
clauses (i) and (ii) above.
AMENDMENT OF ARTICLES OF INCORPORATION
The Company is a Nevada corporation. Nevada law requires that a
domestic corporation amend its articles of corporation to reflect a change of
corporate name. Therefore, the Company's articles of incorporation will be
amended, effective on June 25, 2000, to reflect the change of name from HYTK
Industries, Inc. to Quest Resource Corporation.
SIGNATURE
By order of the board of directors,
/s/ Douglas L. Lamb
--------------------------------
Douglas L. Lamb, President
Benedict, Kansas
May 25, 2000
3
