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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: October 22, 1998
FAS WEALTH MANAGEMENT SERVICES, INC.
(Formerly Executive Wealth Management Services, Inc.)
(Exact name of registrant as specified in its charter)
DELAWARE
(Formerly Florida)
(State or other jurisdiction of incorporation or organization)
33-48017-A 59-2087068
(Commission File Number) (IRS Employer Identification Number)
C/O GUY S. DELLA PENNA
PRESIDENT
2323 STICKNEY POINT ROAD
SARASOTA, FLORIDA 34231
(Address of principal executive offices)
(941) 921-9700
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
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The claim of Boru Enterprises, Inc. ("Boru") for compensation in connection
with the acquisition from Biltmore Securities of assets by FAS Group, Inc.
("FAS") and the transfer of registered representatives to FAS Wealth Management
Services, Inc. has been settled and compromised.
FAS has agreed to pay and Boru has agreed to accept, a percentage of a
specific source of revenue for a period of two (2) years from August 31, 1998.
A portion of the future payment has been paid in advance.
SIGNATURE
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.
FAS WEALTH MANAGEMENT SERVICES, INC.
By:/s/Guy S. Della Penna
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Guy S. Della Penna, President
Date: October 22, 1998
