SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: June 19, 1997
(Date of earliest event reported)
HOLLY HOLDINGS, INC.
Exact name of registrant as specified in its charter
New Jersey 1-12668 22-3172149
State of other jurisdiction Commission File No. I.R.S. Employer
of incorporation or organization ID No.
200 Monument Road, Suite 10, Bala Cynwyd, Pennsylvania 19004
(Address of principal executive offices)
Registrant's telephone number, including area code: (610) 617-0400
(Former name or former address if changed since last report)
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
On June 19, 1997, Thomas K. Weitzmann and Mark Rosner exercised their
option under the March 21, 1997 Option Agreement to reverse the Registrant's
March 21, 1997 acquisition of Nightlife Printing and Promotion, Inc.
("Nightlife") and American Publishers Company, Inc. ("American") (the
"Reversal"). The option was exercised as a result of certain defaults by the
Registrant pursuant to the Stock Purchase Agreement and Messrs. Rosner and
Weitzmann's Employment Agreements each of which was dated March 21, 1997. As
a result of the Reversal, the Registrant returned all of the issued and
outstanding stock of Nightlife and American to Mr. Weitzmann and Mr. Rosner
and Mr. Weitzmann and Mr. Rosner returned 1,500,000 shares of the Registrant's
Common Stock.
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HOLLY HOLDINGS, INC.
By: /s/ William Patrowicz
William Patrowicz, President
and Director
Date: July 8, 1997
