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 : September 9, 1996
------------------
(Date of earliest event reported): (May 7, 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 executive offices Zip Code
(212) 557-0022
--------------
Registrant's telephone number, including area code
ITEM 5. OTHER EVENTS
Management Technologies, Inc. (the "Company") placed $800,000 and $111,111
of its Series E 9% convertible debenture (the "Series E Debenture"), maturing
December 31, 1997, with AT Investments S.A.("ATI"), on May 7, 1996 and July 9,
1996, respectively, pursuant to resolutions of the Company's Board of
Directors. The Series E Debenture is convertible at the lower of $.60 per share
or 62.5% 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 Mr. Albert Taubi a $88,000
commission as compensation for arranging the placement of $800,000 of its Series
E Debenture and a $11,000 commission as compensation for arranging the placement
of $111,000 of its Series E Debenture. Mr. Albert Taubi and AT Investments S.A.
are not affiliates of the Company.
The following E debentures have been presented for conversion:
CONVERSION DATE AMOUNT CONVERSION SHARES
June 27, 1996 $200,000.00 426,666
July 23, 1996 $250,000.00 666,666
July 24, 1996 $350,000.00 886,076
September 5, 1996 $111,000.00 411,826
September 5, 1996 $13,906.85 54,516
ITEM 7. EXHIBITS
10.203 Copy of 9% Convertible E Debenture issued to ATI dated May 7, 1996,
incorporated by reference to exhibit likewise numbered to the
Company's current report on From 8-K dated July 15, 1996.
10.204 Copy of an Offshore Securities Subscription Agreement with ATI dated
May 7, 1995, incorporated by reference to exhibit likewise numbered to
the Company's current report on From 8-K dated July 15, 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
