SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
FIRST AMENDMENT TO
CURRENT REPORT
ON FORM 8-K
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report : October 18, 1996
-----------------
(Date of earliest event reported) (July 25, 1996 )
----------------
MANAGEMENT TECHNOLOGIES, INC.
-----------------------------
(Exact name of Registrant as specified in its Charter)
NEW YORK
--------
(State or other jurisdiction of incorporation)
0-17206 13-3029797
- --------------------- ----------------
Commission File No. I.R.S. Employer Identification
630 Third Avenue, New York, NY 10017
- ------------------------------ --------
Address of principal Zip Code
executive offices
(212) 983 5620
- --------------------
Registrant's telephone number,
including area code
ITEM 5. OTHER EVENTS
On July 25, 1996, the Registrant ("Management Technologies, Inc." or "the
Company") placed $900,000 of its Series H 6.5 % convertible debenture (the
"Series H Debenture"), maturing December 31, 1997, with various parties,
pursuant to a resolution of the Company's Board of Directors. The amounts
placed and the Series H subscribers are as follows:
Pierre Kahla $450,000
CGB Companie Bancaire Geneve $100,000
Banque Hottinguer $50,000
Gelin $100,000
M-Fund SICAV $200,000
The Series H Debenture is convertible at the lower of 100 % of the average
closing bid for the market price of the Company's stock as traded on the Over-
the-Counter market for a five (5) consecutive business days immediately
preceding July 5, 1996 or 70 % of the average closing bid for the market price
of the Company's stock as traded on the Over-the-Counter market for a five (5)
consecutive business days immediately preceding the conversion date.
In addition, the Company agreed to pay US Securities & Futures Corp. a
$90,000 commission as compensation for arranging the placement of its Series H
Debenture. US Securities & Futures Corp. is not an affiliate of the Company.
The following Series H debentures have been presented for conversion:
CONVERSION CONVERSION
DATE HOLDER AMOUNT SHARES
September 16, 1996 Pierre Kahla $450,000 2,188,450
September 17, 1996 M-FUND Sicav $200,000 983,789
September 18, 1996 CBG $100,000 507,937
September 17, 1996 Banque Hottinguer $50,000 248,447
September 23, 1996 Henri Didier Gelin $100,000 496,894
ITEM 7. EXHIBITS
10.210 Form of Series H Convertible Debenture incorporated by
reference to exhibit 10.210 to the Company's current report on
Form 8-K dated August 8, 1996.
10.211 Form of Offshore Securities Subscription Agreement incorporated
by reference to exhibit 10.211 to the Company's current report on
Form 8-K dated August 8, 1996
SIGNATURES
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 hereunto duly authorized.
MANAGEMENT TECHNOLOGIES, INC.
-----------------------------
(Registrant)
/s/ Peter Morris
---------------------------------
Peter Morris
President & Chief Operating Officer
Dated: New York, New York
October 18, 1996
