UNITED STATES
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 May 31, 1998
COMMISSION FILE NO. 0-24812
DIVOT GOLF CORPORATION F/K/A BRASSIE GOLF CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE 56-1781650
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(State or other jurisdiction (I.R.S. Employer Identification No.)
incorporation or organization)
One Tampa City Center, Suite 200, Tampa, FL 33602
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(Address of principal executive offices)
(813) 222-0611
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(Registrant's telephone number, including area code)
Check whether the registrant: (1) has filed all reports required to be filed by
Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days. Yes |X| No |_|
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DIVOT GOLF CORPORATION
FORM 8 - K
TABLE OF CONTENTS
Item 1. Changes in Control of Registrant - None
Item 2. Acquisition or Disposition of Assets - None
Item 3. Bankruptcy or Receivership - None
Item 4. Changes in Registrant's Certifying Accountant - None
Item 5. Other Events.....................................................Page 3
Item 6. Resignations of Registrant's Directors - None
Item 7. Financial Statements and Exhibits - None
Signatures................................................................Page 3
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ITEM 5. Other Events
Convertible Secured Notes
On May 31, 1998 and June 9, 1998, certain holders of $3.0 million of convertible
secured notes issued on April 3, 1998 in connection with the purchase of Miller
Golf, Inc., exchanged such convertible secured notes for 200 units of the of the
Company's private placement dated December 3, 1997. Each unit consists of (i) 15
shares of the Company's 1997 Convertible Preferred Stock and (ii) warrants to
purchase 10,000 shares of the Company's common stock at $1.00. The terms of the
1997 Convertible Preferred Stock are described in the Company's most recent
Annual Report, filed on March 31, 1998.
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 herein duly authorized.
DIVOT GOLF CORPORATION
By: /s/ Clifford F. Bagnall
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Clifford F. Bagnall
Chief Financial Officer
Date: June 12, 1998
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