SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C.
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): July 24, 2000
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Mark Solutions, Inc.
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(Exact Name as Specified in Charter)
Delaware 0-17118 11-2864481
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State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
Parkway Technical Center 1515 Broad Street, Bloomfield New Jersey 07003
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (973) 893-0500
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(Former Name or Former Address, if Changed Since Last Report)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
On March 3, 2000, Mark Solutions, Inc. ("Mark") issued to two investors an
aggregate of $250,000 120-day principal amount convertible notes having an
interest rate of 10% per annum. The investors were a director of Mark and his
brother. On July 12, 2000, these notes were repaid in accordance with their
terms. In connection with the loan represented by these notes, Mark issued
five-year warrants to purchase 48,933 shares of Common Stock at $1.25 per share.
The foregoing notes were mistakenly reported as part of a $2,250,000 private
placement of convertible notes (the "Private Placement") in Mark's Report on
Form 8-K- Date of Report April 14, 2000 (the "April 14, 2000 Form 8-K").
Accordingly, the Private Placement consisted of $2,000,000 two-year principal
amount convertible notes and warrants to purchase 400,000 shares of Common
Stock. Except as modified by this report, the April 14, 2000 Form 8-K reflects
the principle terms of the Private Placement.
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 hereto duly authorized.
MARK SOLUTIONS, INC.
Date: July 24, 2000 By: /s/ Carl Coppola
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Carl Coppola, President and
Chief Executive Officer
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