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 earliest event reported: December 7, 1999
Pacific Development Corporation
(Exact name or registrant as specified in its charter)
Colorado
(State or other jurisdiction of incorporation)
2-97278-NY 13-2932511
(Commission File No.) (I.R.S. Employer Identification No.)
211 West Wall Street, Midland, Texas 79701
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (915) 682-1761
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Item 5. Other Events.
On December 7, 1999, the Company, by written consent of a majority of
stockholders in lieu of a meeting authorized a 1 share for 50 share reverse
split of its outstanding common stock effective December 20, 1999. As a result
of the reverse split each outstanding 50 shares of the Company's common stock
became 1 share with fractional shares rounded up to the nearest whole share.
This reverse split reduced the Company's outstanding common stock from 6,863,380
(presplit) to 137,268 (post split).
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.
Dated: January 24, 2000
Pacific Development Corporation
By: /s/ Glenn A. Little
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Glenn A. Little
President
