SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
FILED PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934 AND RULE 13A-17
OR 15D-17 THEREUNDER
CAPITAL BRANDS, INC.
(Exact name of issuer in charter)
1225 BROKEN SOUND PARKWAY, BOCA RATON, FLORIDA 33481
(Address of principal executive offices)
Issuer's telephone number, including area code (407) 994-8585
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of five percent or more in the number
of shares outstanding:
1. Title of security COMMON STOCK
2. Number of shares outstanding before the change 15,904,000
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3. Number of shares outstanding after the change 9,459,699
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4. Effective date of change APRIL 26, 1996
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5. Method of change: Specify method (such as merger, acquisition,
exchange, distribution, stock split, reverse
split, acquisition of stock for treasury, etc.)
REVERSE STOCK SPLIT AND SHARE EXCHANGE AGREEMENT
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Give brief description of transaction ONE FOR EIGHT REVERSE STOCK SPLIT; SHARE
EXCHANGE AGREEMENT PURSUANT TO WHICH 7,471,699 SHARES OF POST-SPLIT SHARES WERE
ISSUED.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change N/A
2. Name after change N/A
3. Effective date of charter amendment changing name N/A
4. Date of shareholder approval of change, if required N/A
Date: MAY 28, 1996 /S/ BRIAN A. KAHAN
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Brian A. Kahan
Chief Executive Officer
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