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 (date of earliest event reported): June 21, 1999
EVTC, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-20986 22-3005943
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
121 S. Norwood Drive, Hurst, Texas 76053
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (817) 282-0022
550 James Street, Lakewood, New Jersey 08701
(Former name or former address, if changed since last report)
Item 1. Changes in Control of Registrant
Not Applicable
Item 2. Acquisition or Disposal of Assets
Not Applicable
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
Not Applicable
Item 5. Other Events
The Registrant and Colmen Capital Advisors, Inc. have terminated their
agreement pursuant to which Colmen Capital Advisors, Inc. was providing certain
services to the Registrant. James C. Hellauer has resigned as the Registrant's
its President and Chief Executive Officer and has also resigned as a director of
the Registrant. Peter Colella has also resigned from the Board of Directors of
the Registrant. Both resignations were effective June 21, 1999. Georg Cannan,
the Registrant's Chairman of the Board, will assume the responsibilities of
President and Chief Executive Officer for the immediate future. Details are
included in the Press Release attached hereto as an Exhibit.
Item 6. Resignation of Registrant's Directors
Not Applicable
Item 7. Financial Statements and Exhibits
(a) Financial statements of business acquired.
Not Applicable
(b) Pro forma financial information
Not Applicable
(c) Exhibits
Press Release dated June 21, 1999
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.
EVTC, INC.
By:____________________________
David Keener
Chief Financial Officer
Dated: June 24, 1999
<PAGE>
EXHIBIT
PRESS RELEASE
HURST, Texas - (BUSINESS WIRE) -- June 21, 1999 -- EVTC, Inc. t/a Environmental
Technologies Corp. (Nasdaq/NMS:EVTC - news) today announced that it and Colmen
Capital Advisors, Inc. ("Colmen") have reached an agreement on the termination
of Colmen's contract with EVTC under which Colmen had been providing investment
banking and consulting services.
Under the agreement, Mr. Pete Colella, Colmen's Managing Partner ,and Mrs. James
Hellauer, its Executive Director, have resigned from EVTC's Board of Directors
and Mr. Hellauer has resigned as the President and Chief Executive Officer of
EVTC. These changes are effective immediately. George Cannan, EVTC's Chairman of
the Board, will assume Mr. Hellauer's responsibilities as President and Chief
Executive Officer for the immediate future.
EVTC, Inc. is engaged in the marketing and sale of refrigerants, refrigerant
reclaiming services and the recycling of fluorescent light ballasts and lamps.
Except for the historical information contained herein, the matters discussed in
the Release are forward-looking statements that involve risks and uncertainties.
The forward-looking statements in this Release are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Actual results may differ materially due to a variety of factors, including
without limitation the market and the pricing for refrigerant products, weather
conditions, operating costs, inventory risks due to shifts in market demand, the
presence of competitors with greater resources, the Company's need to liquidity,
and other risks detailed from time to time in the Company's reports filed with
the Securities and Exchange Commission.
CONTACT: EVTC, Inc. t/a Environmental Technologies Corp.
David A. Keener, Chief Financial Officer
(817) 282-0022 x233
[email protected]
