<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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): MARCH 13, 1997 (MARCH 7, 1997)
___________________________
KCD HOLDINGS INCORPORATED
(Exact name of registrant as specified in its charter)
___________________________
NEVADA 33-06827LA 95-4029439
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation or
organization
___________________________
2835 TOWNSGATE ROAD, SUITE 110
WESTLAKE VILLAGE, CALIFORNIA 91361
(Address of principal executive offices) (Zip Code)
___________________________
(805) 494-6687
(Registrant's telephone number,
including area code)
<PAGE> 2
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
Management of the Company determined that it is in the best interests
of the Company to change the name of the Company to "Sequester Holdings,
Incorporated" to more accurately reflect its association with its current
product line. The Company filed an Amendment to its Articles of Incorporation
on March 12, 1997, changing the name of the Company to "Sequester Holdings,
Incorporated".
The OTC Bulletin Board symbol for the stock of the Company has been
changed from KCDH to SQST.
ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS.
By letter dated March 7, 1997, Gerald S. Epstein ("Epstein") resigned
as a director of the Company effective as of March 7, 1997. There were no
disagreements between the Company and Epstein on any matter relating to the
Registrant's operations, policies or practices.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
EXHIBITS
EXHIBIT NUMBER EXHIBIT
17.1 Letter on Director Resignation
2
<PAGE> 3
SIGNATURES
Pursuant to the requirement 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.
KCD HOLDINGS INCORPORATED
Date: March 13, 1997 By:
_____________________________
Wellington A. Ewen
President
3
<PAGE> 4
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
EXHIBITS
TO
FORM 8-K
UNDER
SECURITIES ACT OF 1934
KCD HOLDINGS INCORPORATED
4
<PAGE> 5
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Exhibit Page
- ------ ------- ----
<S> <C> <C>
17.1 Letter on Director Resignation 6
</TABLE>
5
<PAGE> 1
EXHIBIT 17.1
Letter on Director Resignation from Gerald S.Epstein
GERALD EPSTEIN
166 HARBOR DRIVE
KEY BISCAYNE, FLA. 33149
March 7, 1997
Wellington A. Ewen, Pres.
Sequester Holdings, Inc.
2835 Townsgate Road - Suite 110
Westlake Village, CA 91361
Dear Mr. Ewen:
I am hereby resigning as a director of Sequester Holdings, Inc., formerly KCD
Holdings, Inc., effective immediately and without prejudice.
Yours very truly,
/s/ Gerald S. Epstein
Express Mail return receipt
6
