|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: LOEWEN GROUP INC, 10-Q, EX-27, 2000-11-08 |
Next: BLACKROCK ADVANTAGE TERM TRUST INC, SC 13D/A, 2000-11-08 |
UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 30, 2000
ZEROS & ONES, INC.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
| 33-26531LA | 88-0241079 |
| (Commission File Number) | (I.R.S. Employer |
| Identification No.) |
1714
16th Street, Santa Monica, CA
90404
(Address of principal executive offices) (Zip Code)
(310) 399-9901
(Registrant’s
telephone number, including area code)
Not Applicable (Former name, former address and former fiscal year, if changed since last report)
Total number of pages in this document: 2
| TABLE OF CONTENTS | ||
| Page | ||
| ITEM 1. | CHANGES IN CONTROL OF REGISTRANT | 1 |
| ITEM 2. | ACQUISITION OR DISPOSITION OF ASSETS | 1 |
| ITEM 3. | BANKRUPTCY OR RECEIVERSHIP | 1 |
| ITEM 4. | CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT | 1 |
| ITEM 5. | OTHER EVENTS | 1 |
| ITEM 6. | RESIGNATION OF DIRECTORS AND APPOINTMENT OF NEW DIRECTORS | 2 |
| ITEM 7. | FINANCIAL STATEMENTS AND EXHIBITS | 2 |
| SIGNATURES | 2 |
| ITEM 1. | CHANGES IN CONTROL OF REGISTRANT |
| Not Applicable. | |
| ITEM 2. | ACQUISITION OR DISPOSITION OF ASSETS |
| Not Applicable. | |
| ITEM 3. | BANKRUPTCY OR RECEIVERSHIP |
| Not Applicable. | |
| ITEM 4. | CHANGES IN REGISTRANTS CERTIFYING ACCOUNTANT |
| Not Applicable. | |
| ITEM 5. | OTHER EVENTS |
On October 30, 2000, Zeros & Ones, Inc. initiated litigation against Steve Schklair, former Chief Executive Officer and a former director of the Company.
The complaint, filed in Los Angeles Superior Court, alleges, among other things, that in connection with Zeros & Ones’ acquisition of Quantum Arts, Inc. in 1999 (of which Mr. Schklair was represented as 100% owner and Chief Executive Officer), Mr. Schklair intentionally or negligently misrepresented to Zeros (i) his ownership interest in Quantum; and (ii) Quantum’s ownership interest in certain stereoscopic 3D technology. The complaint further alleges that following Mr. Schklair’s termination as Chief Executive Officer of Zeros & Ones, he returned to corporate offices without permission and misappropriated certain office equipment, including desktop and laptop computer systems containing confidential corporate files and trade secrets. The Company is seeking to rescind the transaction with Quantum and to recover significant monetary damages against Mr. Schklair.
| ITEM 6. | RESIGNATION OF DIRECTORS AND APPOINTMENT OF NEW DIRECTORS |
| Not Applicable. |
1
| ITEM 7. | FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS | |
| (a) | Financial Statements of Business Acquired | |
| Not Applicable. | ||
| (b) | Pro Forma Financial Information | |
| Not Applicable. | ||
| (c) | Exhibits | |
| Not Applicable. | ||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
ZEROS & ONES, INC. |
||
|
|
||
|
(Registrant) |
||
| Date: November 7, 2000 | ||
| /s/ Robert J. Holtz | ||
|
|
||
| Robert J. Holtz, Chief Executive Officer |
2
|
|