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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 (Date of earliest event reported): September 21, 1998 (September 18, 1998)
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MILLENNIUM SPORTS MANAGEMENT, INC.
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New Jersey 0-22042 22-3127024
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(State or other jurisdiction (Commission File No.) (IRS Employer ID No.)
of incorporation)
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Ross' Corner, U.S. Highway 206 and County Route 565,
Augusta, NJ 07822
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(Address of principal executive offices)
(973) 383-7644
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Registrant's telephone number, including area code
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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Following the public announcement thereof on September 18, 1998,
Millennium Sports Management, Inc., formerly known as Skylands Park Management,
Inc. (the "Company"), notified Continental Stock Transfer & Trust Company (the
"Warrant Agent"), with instructions to further notify the registered holders of
the Company's outstanding publicly traded Class A common stock purchase warrants
(the "Class A Warrants"), that the Board of Directors of the Company had
voluntarily authorized the extension of the Class A Warrants such that the
expiration date of the Class A Warrants has been extended through and including
5:00 p.m. (New York time) on December 31, 1998. No other terms of the Class A
Warrants were amended at this time.
The Company expects that this will be the final extension of the
expiration date of the Class A Warrants, although the Company still retains the
right to make further extensions in its discretion. The Company does not have a
current prospectus in effect with respect to the shares underlying the Class A
Warrants, and thus the Class A Warrants cannot currently be exercised. The
Company has filed with the Securities and Exchange Commission a post-effective
amendment to the registration statement previously in effect for the Class A
Warrants, and if, as and when such post-effective amendment is declared
effective, the Class A Warrants will again be exercisable in accordance with
their terms.
The certificates representing the Class A Warrants on the date of this
report will continue to represent the Class A Warrants (as extended) during the
extension of the exercise period, and the Warrant Agent has agreed to continue
to act as warrant agent in respect of the Class A Warrants.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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The following Exhibits are filed as part of this Form 8-K:
1. Notification letter, dated September 18, 1998, issued by the Company
to the Warrant Agent, regarding the extension of the Class A Warrants.
2. Warrant Agreement dated as of September 24, 1993 between the Company
and the Warrant Agent, relating to the Class A Warrants.(1)
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(1) Incorporated by reference, filed as an exhibit to Amendment No. 2 to the
Company's registration statement on Form SB-2 filed on August 12, 1993.
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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 hereto duly authorized.
MILLENNIUM SPORTS MANAGEMENT, INC.
(Registrant)
Dated: September 21, 1998 By: /s/ Barry M. Levine
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Barry M. Levine, President
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EXHIBIT 1
MILLENNIUM SPORTS MANAGEMENT, INC.
(f/k/a Skylands Park Management, Inc.)
Ross' Corner
U.S. Highway 206 & Country Route 565
P.O. Box 117
Augusta, New Jersey 07822-0117
September 18, 1998
VIA FACSIMILE AND FIRST CLASS MAIL
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Continental Stock Transfer & Trust Company
2 Broadway
New York, New York 10004
Dear Sirs:
Reference is made to the Warrant Agreement between us dated as of
September 24, 1993 (the "Warrant Agreement"). All capitalized terms used herein
without definition have the respective meanings ascribed to them in the Warrant
Agreement.
Pursuant to the Warrant Agreement, the Company hereby certifies that,
pursuant to due authorization of the Board of Directors of the Company, the
Company has elected to extend the Warrant Expiration Date through and including
5:00 p.m. (New York time) on December 31, 1998, and Section 1(m) of the Warrant
Agreement is hereby correspondingly amended. No other term of the Warrants (as
currently in effect) has been amended. The Company expects that this will be the
final extension of the Warrant Expiration Date for the Warrants, although the
Company still retains the right to make further extensions in its discretion.
The Company does not have a current prospectus in effect with respect to
the shares underlying the Warrants, and thus the Warrants cannot currently be
exercised. The Company has filed with the Securities and Exchange Commission a
post-effective amendment to the registration statement previously in effect for
the Warrants, and if, as and when such post-effective amendment is declared
effective, the Warrants will again be exercisable in accordance with their
terms.
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In accordance with Section 8(d) of the Warrant Agreement, the existing
Warrant Certificates will continue to represent the Warrants, notwithstanding
the extension described herein.
In accordance with Section 8(e) of the Warrant Agreement, the Company
hereby directs you, as Warrant Agent, to send a copy of this letter by ordinary
first class mail to each Registered Holder of Warrants at his, her or its last
address as it appears on your registry books as Warrant Agent.
Very truly yours,
MILLENNIUM SPORTS MANAGEMENT, INC.
By: __________________________
Barry M. Levine, President
cc: A. S. Goldmen & Co., Inc.
