-----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, NszUS8HPVJgR3TyYtU+2qcWP7H6v8qXUhILSNbd/w3fD/0Tem0hGr9Li92lSToda bG4ZaYQHSbL1H4DL++fOPA== 0001144204-08-039938.txt : 20080715 0001144204-08-039938.hdr.sgml : 20080715 20080715061518 ACCESSION NUMBER: 0001144204-08-039938 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080715 ITEM INFORMATION: Other Events FILED AS OF DATE: 20080715 DATE AS OF CHANGE: 20080715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STI GROUP INC CENTRAL INDEX KEY: 0001399390 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 352065470 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-142911 FILM NUMBER: 08951840 BUSINESS ADDRESS: STREET 1: 30950 RANCHO VIEJO ROAD STREET 2: SUITE 120 CITY: SAN JUAN CAPISTRANO STATE: CA ZIP: 92675 BUSINESS PHONE: 949 373 7280 MAIL ADDRESS: STREET 1: 30950 RANCHO VIEJO ROAD STREET 2: SUITE 120 CITY: SAN JUAN CAPISTRANO STATE: CA ZIP: 92675 8-K 1 v119887_8k.htm
UNITED STATES
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 Event Earliest Reported): July 15, 2008 (July 10, 2008)

 
STI Group, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
333-142911
35-2065470
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
     
 
30950 Rancho Viejo Rd #120,
(Address of principal executive offices)
 

(949) 260-0150
(Registrant’s telephone number)
 
(Former name or former address, if changed since last report.)
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2 below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
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This Current Report on Form 8-K and other reports filed by the Registrant from time to time with the Securities and Exchange Commission (collectively the “Filings”) contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Registrant’s management, as well as estimates and assumptions made by the Registrant’s management. When used in the Filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to the Registrant or the Registrant’s management identify forward looking statements. Such statements reflect the current view of the Registrant with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the Registrant’s industry, operations and results of operations and any businesses that may be acquired by the Registrant. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

Item 8.01. Other Events

In July 2008, the senior management and several employees of our wholly owned subsidiary Solana Technologies, Inc. (“STI”) resigned. These management and staff losses follow the resignation of STI’s President in June 2008 (as previously disclosed in our Current Report on Form 8-K filed on June 10, 2008). As a result of these management and staff losses, we expect that STI will generate materially lower revenue in the second half of 2008 than in the first half of the year. We are taking steps to supplement STI’s management and staff, stabilize its operations, and maintain its customer relationships. However, there can be no assurance that our efforts will be successful.



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.
     
Date: July 15, 2008  STI Group, Inc.
a Delaware corporation
 
 		  
 		  
 
     
By:   /s/ David Walters
 
Name: David Walters
  Title:   Chairman and Chief Executive Officer

 
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