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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: February 3, 1998 - Commission File No. 0-17746
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SAFE AID PRODUCTS INCORPORATED
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(Exact name of Registrant as specified in its Charter)
Delaware 22-2824492
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(State or other jurisdiction of (IRS Employer ID No.)
incorporation or organization)
c/o Lazer, Aptheker, Feldman,
Rosella & Yedid, LLP
225 Old Country Road
Melville, New York 11747
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(Address of principal executive (Zip Code)
offices)
Registrant's telephone number,
including area code: (516) 364-3887
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Item 5. Other Events
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On January 30, 1998, Safe Aid Products Incorporated ("Safe Aid") held a
Special Meeting of Stockholders whereby the necessary number of shares required
by statute and Safe Aid's Certificate of Incorporation where voted by the
stockholders of Safe Aid in favor of the following four (4) items;
1. To amend Safe Aid's Certificate of Incorporation to effectuate
a ten-for-one reverse stock split of Safe Aid's common stock
("Reverse Split");
2. To amend Safe Aid's Certificate of Incorporation to increase
the authorized common stock to 999,999,000 shares of common stock
("Common Stock Amendment");
3. To amend Safe Aid's Certificate of Incorporation to change Safe
Aid's name to "Safe Technologies International, Inc." ("Name
Change Amendment"); and
4. To approve and adopt a merger agreement (the "Merger Agreement")
dated August, 1997 between Safe Aid and Intelligence Network
International, Inc. ("INI") and the transactions contemplated
thereby.
The Certificate of Amendment to Safe Aid's Certificate of Incorporation of
Safe Aid will become effective at 9:00 a.m., New York time, on Monday, February
9, 1998.
Additionally, on Monday, February 9, 1998, Safe Aid will consummate the
merger with INI pursuant to the terms of the Merger Agreement by filing a
Certificate of Merger with the Delaware Secretary of State and Articles of
Merger with the Florida Secretary of State.
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Signatures
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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.
SAFE AID PRODUCTS INCORPORATED
By: /s/ Stanley Snyder
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Stanley Snyder, President
Dated: February 3, 1998
