SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
October 8, 1999
________________________________________________
Date of Report (Date of earliest event reported)
CONTROLLED ENVIRONMENT AQUACULTURE
TECHNOLOGY, INC.
________________________________________________
(Exact name of registrant as specified in its charter)
Colorado 0-25868 84-1293167
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(State or other (Commission I.R.S.Employer
jurisdiction File Number) Identification No.)
of incorporation)
Airport Industrial Park
3375 Koapake Street, Suite H402
Honolulu HI 96819
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Address of principal executive offices) (Zip Code)
(808) 521-1801
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Registrant's telephone number, including area code
ITEM 5. OTHER EVENTS
At a meeting of the Board of directors on October 8, 1999, Mr. Ronald
Ilsley was removed as the Company's Chief Financial Officer, effective
immediately, after he declined to accept the Board's recommendation that he
voluntarily resign from that position. At the same meeting, the Board also
voted to replace Mr. Ilsley as Chairman of the Board, and elected Gordon J.
Mau as the new Chairman. Although he was removed as Chairman, Mr. Ilsley
remains as a member of the Company's Board of Directors.
In a related matter, the Board authorized Mr. Mau and Ernest K. Dias,
the Company's Chief Operating Officer, to begin an immediate search for a new
Chief Financial Officer.
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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 hereunto duly authorized.
CONTROLLED ENVIRONMENT AQUACULTURE TECHNOLOGY, INC.
/s/_________________________________________________
Ernest K. Dias, Chief Operating Officer
October 13, 1999
