-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U1YIrd6nhe5jdzVEMqk/wV7FSWD63lYXFK9nXLC+jOBL+M/CsRWVvOzVlFNYtZg0 +fxQm7flFLYMKrOtCaaIWA== 0000950147-01-501103.txt : 20010613 0000950147-01-501103.hdr.sgml : 20010613 ACCESSION NUMBER: 0000950147-01-501103 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010612 ITEM INFORMATION: FILED AS OF DATE: 20010612 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REGENCY GROUP LTD INC CENTRAL INDEX KEY: 0001084805 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 880416790 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-26687 FILM NUMBER: 1659437 BUSINESS ADDRESS: STREET 1: 8930 E RAINTREE DR STREET 2: SUITE A CITY: SCOTTSDALE STATE: AZ ZIP: 85260 BUSINESS PHONE: 4807789101 8-K 1 e-6987.txt CURRENT REPORT DATED 06/12/2001 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): June 12, 2001 Regency Group Limited (Exact name of registrant as specified in its charter) NEVADA 000-26687 88-0416790 (State or other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification Number) 8930 E. Raintree Drive Suite 100, Scottsdale, Arizona 85260 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (480) 444-2040 (Former name or former address, if changed since last report) ITEM 9. REGULATION FD DISCLOSURE. Regency Group Limited ("Regency") filed a complaint in the Superior Court of Arizona, Maricopa County, on behalf of its subsidiary, e-River Marketing, Inc. ("e-River") against e-River's officer and director, Brad Boyce and Scottsdale Ventures, LLC. Regency alleged that Mr. Boyce converted property of e-River and committed a breach of his fiduciary duties. Regency was seeking among other relief, actual and punitive damages, imposition of a constructive trust and reconveyance of certain property. On June 8, 2001 Regency settled the pending derivative lawsuit. The settlement provided for Boyce to convey to Regency 350,000 shares of Regency stock owned by him, the conveyance by Regency to Boyce of all of the outstanding stock of e-River, the release of a creditor's claim held by Regency against e-River in the approximate amount of $250,000 and the mutual releases of claims. The effective date of the settlement was June 8, 2001. The forgiveness of the debt by Regency will give rise to an income tax deduction for Regency. The settlement of this litigation spared Regency considerable additional legal expense. There was little prospect of recovering the creditor's claim held by Regency against e-River and, separate and apart from the negotiated settlement, Regency did not have a claim to Boyce's 350,000 shares in Regency. 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. REGENCY GROUP LIMITED By: /s/ Terry Neild ------------------------------------ Terry Neild Its: CEO Dated: June 12, 2001 -----END PRIVACY-ENHANCED MESSAGE-----