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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) November 25, 1998
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PAUL-SON GAMING CORPORATION
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(Exact name of Registrant as specified in charter)
Nevada
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(State or other jurisdiction of incorporation)
0-23588 88-0310433
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(Commission File (IRS Employee
Number) Identification No.)
1700 S. Industrial Road, Las Vegas, Nevada 89102
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (702) 384-2425
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On November 25, 1998, the Board of Directors of Paul-Son
Gaming Corporation (the "Company") appointed Eric P. Endy as
Chairman of the Board and Chief Executive Officer of the Company.
On November 13, 1998, Eric P. Endy assumed the role of successor
trustee of The Paul S. Endy, Jr. Living Trust (the "Endy Trust"),
the Company's controlling stockholder with 1,660,205 shares or
approximately 47.8% of the outstanding shares of the Company's
common stock as of November 25, 1998. On November 12, 1998,
Eric P. Endy was appointed the temporary guardian of the estate
of Paul S. Endy, Jr.
For additional information concerning the foregoing,
reference is made to Paul-Son's press release dated November 25,
1998, a copy of which is attached as an exhibit hereto and
incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(A) Financial Statements of Business Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
99.1 Text of Press Release, dated November 25, 1998.
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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.
PAUL-SON GAMING CORPORATION
(Registrant)
Date: November 25, 1998 By: /s/ Eric P. Endy
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Eric P. Endy
Chairman of the Board, Chief
Executive Officer, President
and Chief Operating Officer
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EXHIBIT INDEX
EXHIBIT PAGE
NUMBER DESCRIPTION NUMBER
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99.1 Text of Press Release, dated November 25, 1998. 5
4
EXHIBIT 99.1
5
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PAUL-SON GAMING APPOINTS ERIC P. ENDY
CHAIRMAN, CEO
LAS VEGAS--(BUSINESS WIRE)--Nov. 25, 1998--Paul-Son Gaming
Corporation (NASDAQ:PSON - NEWS), the nation's leading
manufacturer and supplier of casino table game equipment,
reported that on Nov. 25, 1998, the Company's Board of Directors
appointed Eric Endy as Chairman of the Board and Chief Executive
Officer, which duties he has been performing on an interim basis
since Oct. 30, 1998.
Eric P. Endy is also President and Chief Operating Officer. Paul-
Son also reported that an SEC Schedule 13-D had been filed on
behalf of Paul S. Endy, Jr., The Paul S. Endy, Jr. Living Trust
and Eric P. Endy, as a result of Eric P. Endy becoming successor
trustee of The Paul S. Endy, Jr. Trust. The Paul S. Endy, Jr.
Trust is the controlling stockholder of the Company with
1,660,205 shares or 47.8% of the shares outstanding.
The appointment of Eric Endy as Chairman of the Board and Chief
Executive Officer and the assumption by Eric P. Endy of the
trustee role for the Endy Trust is due to the current medical
condition of Paul S. Endy, Jr. As the Company reported on Oct.
30,1998, Paul S. Endy, Jr. suffered a stroke during a fishing
trip in Mexico. Mr. Endy remains hospitalized in Southern
California.
The Board of Directors made the following statement: "It
appears, based upon the medical information described to us, that
Paul S. Endy, Jr.'s condition will require a long rehabilitation
period, and he is not presently expected to be able to resume his
role as Chief Executive Officer. The Company's Board of
Directors, management and employees continue to express their
sincere wishes for Paul S. Endy, Jr.'s recovery."
Paul-Son is the nation's leading manufacturer and supplier of
casino table game equipment, with manufacturing facilities in Las
Vegas, Nevada and San Luis, Mexico. This press release contains
certain forward-looking statements within the meaning of section
27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, such as statements related to
the management and voting control of the company. Such forward
looking information involves important risks and uncertainties
that could significantly affect events in the future, and,
accordingly, such future events may differ from those expressed
in any forward-looking statements made herein. These risks and
uncertainties include, but are not limited to, those risks
relating to the health and medical condition of Paul S. Endy, Jr.
and other changes that the Company's Board of Directors may take
in reaction thereto.
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CONTACT:
Paul-Son Gaming Corporation
Eric P. Endy
(702) 384-2425
or
Porter, LeVay & Rose, Inc.
L.B. Stauffer, Sr. VP
Libby M. Roberge, VP-Media Relations
(212) 564-4700
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