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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-KSB
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) January 3, 1997
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Mako Marine International, Inc.
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(Exact name of registrant as specified in its charter)
Florida 0-26618 65-0501535
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(State or other jurisdiction (Commission (IRS Employer
or incorporation) File Number) Identification No.)
4355 N.W. 128th Street, Miami, Florida 33054
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (305) 685-6591
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ITEM 5. OTHER EVENTS
On January 3, 1997 the common stock, $.01 par value per share ("Common
Stock") of Mako Marine International, Inc. ("Mako") and the Redeemable Common
Stock Purchase Warrants of Mako ("Warrants") were delisted from the Nasdaq
SmallCap Market on which they had been traded under the symbols MAKO-C and
MAKOW-C, respectively. Subsequent to the delisting, the Common Stock and
Warrants are trading on the OTC Bulletin Board under the symbols MAKO and MAKOW.
Reference is made to the text of Mako's Press Release dated January 3, 1997,
which is incorporated herein by reference and attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a),(b) FINANCIAL STATEMENTS AND PRO FORMA FINANCIAL INFORMATION.
Not applicable
(c) EXHIBITS.
99.1 Press Release of Mako Marine International, Inc., dated
January 3, 1997.
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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 thereunto duly authorized.
MAKO MARINE INTERNATIONAL, INC.
Date: By:/s/ Douglas W. Baena
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Douglas W. Baena
Chairman of the Board, President
and Chief Executive Officer
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ITEM 7. (a),(b) FINANCIAL STATEMENTS AND PRO FORMA FINANCIAL INFORMATION.
Not applicable
(c) EXHIBITS.
99.1 Press Release of Mako Marine International, Inc., dated
January 3, 1997.
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MAKO MARINE INTERNATIONAL TO BE
LISTED ON OTC BULLETIN BOARD
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Tracker Marine Sale Postponed
MIAMI, January 3, 1997 --- Mako Marine International, Inc. (NASDAQ:MAKOC)
announced that effective today, its shares of common stock and common stock
purchase warrants will be listed on the OTC Bulletin Board under the symbols
MAKO and MAKOW, respectively, instead of on the Nasdaq SmallCap Market where it
had previously been listed.
As previously announced on November 29, 1996, Mako was granted a temporary
exception from the Nasdaq capital and surplus requirements based primarily upon
the anticipated closing by December 31, 1996, of a sale of control of the
company to Tracker Marine, L.P., a Springfield, Missouri-based manufacturer of
freshwater fishing and pontoon boats.
The transaction with Tracker did not close by that date. It has been
postponed due to the inability of Mako to fulfill certain material conditions.
The parties have agreed to seek a resolution of these matters before
January 31, 1997, the date on which the parties are relieved of their respective
obligations to complete the transaction. There is, however, no assurance that a
successful resolution will be reached, or that the sale to Tracker Marine will
be completed. If it is not, Mako will continue to seek alternative sources of
financing and capital. If it is unable to do so, there would be a substantial
question as to the company's ability to continue as a going concern.
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