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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): June 30, 1997
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SEQUESTER HOLDINGS, INCORPORATED
(Exact name of registrant as specified in its charter)
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<TABLE>
<S> <C> <C>
NEVADA 33-06827LA 95-4532103
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or organization) File Number) Identification No.)
</TABLE>
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2835 TOWNSGATE ROAD, SUITE 110
WESTLAKE VILLAGE, CALIFORNIA 91361
(Address of principal executive offices) (Zip Code)
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(805) 494-6687
(Registrant's telephone number,
including area code)
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS.
The expiration dates of the Company's Class A, Class B and Class C
Warrants to purchase common stock (collectively referred to herein as the
"Warrants") have been extended from June 30, 1997, through and including June
30, 1998. The Warrants are exercisable, subject to an effective registration
statement. The exercise price of the Warrants has been reduced as follows:
<TABLE>
<CAPTION>
Warrant Class Warrants Outstanding Exercise Price Per Common Share
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From To
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<S> <C> <C> <C>
Class A Warrants 398,850 $0.50 $0.25
Class B Warrants 488,600 $0.75 $0.38
Class C Warrants 488,600 $1.00 $0.50
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1,376,050
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</TABLE>
The Warrants were originally issued by the Company in 1987, pursuant to
a registered offering under the Securities Act of 1933, as amended (the
"Securities Act"). As a result of certain developments that have occurred, the
prospectus required pursuant to Section 10(a) of the Securities Act has been
rendered incomplete at this time, thereby necessitating the filing of a
post-effective amendment by the Company to its registration statement with the
Securities and Exchange Commission (the "Commission"), prior to the exercise of
any of the Warrants.
The Company has undertaken to file the requisite post-effective
amendment with the Commission and has extended the expiration date of the
Warrants to allow sufficient time to do so, but until such time as the
post-effective amendment has been declared effective by the Commission, of which
there can be no assurance, none of the Warrants may be exercised.
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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.
SEQUESTER HOLDINGS, INCORPORATED
Date: June 30, 1997 By: /s/ Wellington A. Ewen
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Wellington A. Ewen
President
