FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
DATE OF REPORT (Date of earliest event reported): May 22, 1997
EFTEK CORP.
(Exact name of registrant as specified in its charter)
Nevada 33-26789-NY 93-0996501
(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification No.)
Bloomfield Business Park
408 Bloomfield Drive
Units 1 & 2
West Berlin, New Jersey 08091
(Address of Principal Executive Offices)
Registrant's telephone number: (609) 767-2300
<PAGE>
FORM 8-K
ITEM 5. OTHER EVENTS
On May 22, 1997, the Board of Directors declared a one for three
Reverse Stock Split of EFTEK Corp.'s Common Stock (for every three (3) shares,
the shareholder would receive one (1) share). Any fractional shares that
result from the split will be rounded up to the next whole share. The new
stock certificates would be issued in the normal course of business whenever
the appropriate transfer was requested by the Shareholders. The authorized
shares, the par value, and the 65,412 Class A Warrants and 81,059 Class B
Warrants would remain the same.
In addition, as a result of the Reverse Stock Split, the Registrant
changed its symbol on the OTC Bulletin Board to EFTX.
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.
EFTEK CORP.
BY: /s/ Frank Whitmore
--------------------------
FRANK WHITMORE, President
EFTEK\5-22-97.8-K
