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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report: November 1, 1996
MADISON SPORTS & ENTERTAINMENT GROUP, INC.
(Exact name of Registrant as specified in its Charter)
Utah
State or Other Jurisdiction of Incorporation
0-21936
(Commission File Number)
87-0496456
(IRS Employer Identification Number)
237 Main Street; Tannersville, New York
(Address of Principal Executive offices)
12485
(Zip Code)
Registrant's Telephone Number, including Area Code
(518) 598-9190
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This report of special event on Form 8K is comprised of 2
consecutively numbered pages, including exhibits. The exhibit index is located
at page 2 but is not relevant since no exhibits are hiled herewith.
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ITEM 1. Changes in Control of Registrant
On October 23, 1996, the Registrant's Board of Directors accepted the
request by Joseph D. Radcliffe, Registrant's Co-Chairman, Chief Executive
Officer and President, that he be permitted to retire, and that his Co-Chairman,
Kevin Michael Ward, be promoted to the positions from which Mr. Radcliffe was
retiring.
Concurrently with the retirement of Mr. Radcliffe, the Registrant
elected to discharge its general counsel, Jay C. Salyer, Jr. Mr. Salyer has
been temporarily replaced by Gary Langan Goodenow, Esquire, a member of the
Registrant's Board of Directors, assisted by Douglas Wilson, Esquire, an
attorney with offices in the State of Florida. Messers. Goodenow and Wilson
are reviewing all legal matters personally handled by Mr. Salyer. It is
anticipated that Mr. Ward will select a new general counsel from the San Diego,
California area, where the Registrant expects to move its headquarters.
ITEM 6. Resignations of Registrant's Directors
See Item 1. No disputes or disagreements of any kind exist between
Mr. Radcliffe and the Registrant, and, Mr. Registrant has agreed to remain
available to the Registrant for reasonable periods of time as an unpaid
consultant.
ITEM 7. Financial Statements & Exhibits
A. FINANCIAL STATEMENTS: No financial statements are filed
herewith.
B. EXHIBITS: No exhibits are filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
MADISON SPORTS & ENTERTAINMENT GROUP, INC.
November 1, 1996
By: /s/ Kevin Michael Ward
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Kevin Michael Ward
Chairman, Chief Executive Officer & Acting President
Madison Sports & Entertainment Group, Inc., Report on Form 8K, Page 2.
