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: April 6, 1999
NELX, Inc.
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(Exact name of registrant as specified in its charter)
Kansas 0-21210 84-0922335
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
5750 West 60th Avenue, Arvada, Colorado 80003
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(New address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 304-622-9599
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Item 1. Changes in Control of Registrant
None.
Item 2. Acquisition or Disposition of Assets
None.
Item 3. Bankruptcy or Receivership
None.
Item 4. Changes in Registrants Certifying Accountant
None.
Item 5. Other Events
The annual meeting of the shareholders of NELX, Inc. was held March 12,
1999. A majority of shareholders were present in person or by proxy.
Four proposals were presented for vote at the annual meeting.
Proposal 1: Election of Directors. The shareholders voted to approve a
four-director board. The shareholders voted to elected Charles L. Stout, John S.
Cowan, Bruce Bowler, and Denis Iler as directors.
Proposal 2: Change in Number of Outstanding Shares of Stock. The
shareholders voted to authorize a reverse split, and further authorized the
board to determine, by March 31, 1999, the ratio of the reverse split, such
ratio not to exceed twenty-to-one. The board determined at a special meeting
held March 29, 1999, by unanimous vote, a one for 20 reverse split of the issued
and outstanding common shares.
Proposal 3: Change in Corporate Name. The shareholders authorized the
board, in its discretion, to change the name of the corporation. The board
determined at a special meeting held March 29, 1999, by unanimous vote, to
change the corporate name.
Proposal 4: Ratification of Independent Auditor. The shareholders approved
the retention of Michael B. Johnson & Co. as independent auditor.
All matters were approved by a majority of the issued and outstanding
shares.
Item 6. Appointment of New Directors
See Item 5 above.
The Directors were duly elected to serve until the next annual meeting of
shareholders.
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Item 7. Financial Statements Pro Forma Financial & Exhibits
Financial Statements - None.
Exhibits - None.
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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 thereunto duly authorized.
Date: April 6, 1999.
NELX, Inc.
/s/ Charles L. Stout
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President
