UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
ARROW MANAGEMENT, INC.
(exact name of Registrant as specified in its charter)
NEVADA 87-0467339
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
1800 E. Sahara, Suite 107
Las Vegas, Nevada 89104
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (801) 485-7775
AMENDMENT NO. 1
The undersigned registrant hereby amends the following items, financial
statements, exhibits or other portions of its Form 10-K for the year ended
December 31, 1997, dated April 10, 1998 as set forth below:
ITEM 12. Security Ownership of Certain Beneficial Owners and Management.
The following table sets forth, as of December 31, 1997, information
regarding the beneficial ownership of shares by each person known by the Company
to own five percent or more of the outstanding shares, by each of the directors
and by the officers and directors as a group.
<TABLE>
<CAPTION>
Name and address Amount of Percent
Title of class of beneficial owner beneficial ownership of class
<S> <C> <C> <C>
Common Stock Capital General Corporation(1,2) 3,714,300 66.56%
3098 So. Highland Drive, Suite 460
Salt Lake City, Utah 84106
Common Stock David R. Yeaman(1,2,3) 1,534,000 27.49%
3098 So. Highland Drive, Suite 460
Salt Lake City, Utah 84106
Common Stock Krista Nielson(1,2) 80,000 1.43%
3098 So. Highland Drive, Suite 460
Salt Lake City, Utah 84106
Common Stock All Officers and Directors as a Group(1,2,3) 5,328,300 95.48%
</TABLE>
<PAGE>
(1)Capital General Corporation, Krista Nielson, David R. Yeaman and Sasha
Belliston may be deemed to be the Company's "parents" and "promoters," pursuant
to the Rules and Regulations promulgated under the 1933 Act.
(2)Capital General Corporation is a private corporation. The majority of its
shares (80%) are owned by another private corporation, Yeaman Enterprises, Inc.
Krista Nielson, the Company's President, owns approximately 18% of the
outstanding stock of Capital General. The stockholders of Yeaman Enterprises
are the adult children of the family of David Yeaman, who resigned as an officer
and director of the Company and simultaneously resigned as an officer and
director of Capital General and Yeaman Enterprises in April, 1997. Sasha
Belliston, Mr. Yeaman's daughter, is the principal shareholder of Yeaman
Enterprises.
Ms. Belliston's beneficial ownership of the securities of the Company is derived
from the shares directly owned by Capital General and Yeaman Enterprises. Ms.
Belliston beneficially owns shares of the Company which are owned by Yeaman
Enterprises and Capital General in that she has the power to vote or direct the
voting of the shares and the power to dispose of or to direct the disposition
of the shares. Ms. Belliston and Ms. Nielson control and have beneficial
ownership of the shares owned by Capital General and Yeaman Enterprises and
exercise shared voting power and shared investment power over those shares.
While Mr. Yeaman has resigned from his affiliation with the Company, Yeaman
Enterprises and Capital General, he may continue to be deemed an affiliate of
the Company by virtue of his familial and historical relationships with the
Company, its shareholders, officers and directors.
(3) Ms. Belliston has power of attorney over the shares owned by David Yeaman.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ARROW MANAGEMENT, INC.
Dated: November 8, 1999 s/ Krista Nielson
-------------------------------------------------
Krista Nielson, President, CEO and Director
Dated: November 8, 1999 s/ Sasha Belliston
-------------------------------------------------
Sasha Belliston, Secretary/Treasurer and Director
