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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): MARCH 10, 1998
(JANUARY 2, 1998)
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SEQUESTER HOLDINGS INCORPORATED
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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Nevada 33-06827LA 95-4029439
(STATE OR OTHER JURISDICTION (COMMISSION (I.R.S. EMPLOYER
OF INCORPORATION OR ORGANIZATION) FILE NUMBER) IDENTIFICATION NO.)
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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
On January 21, 1998, Sequester, Inc. filed a lawsuit in Los Angeles
Superior Court against the Prudential Insurance Company of America, Pruco
Securities Corporation, and Patrick C. Welch. The lawsuit alleges various
damages including but not limited to alleged damages in the amount of $4
million for defendants' unauthorized disclosure of confidential information
concerning Clark M. Holcomb which interfered with the economic relationships
and prospective economic advantage of Sequester, Inc. Management of the company
believes that lawsuit is meritorious but is unable to determine the outcome of
the lawsuit at this time.
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
By: /s/ Steven Karsh
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Steven Karsh, President
Date: March 10, 1998
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