-----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, PXiPM9v5wqP3ezjnJdT62vSnjBq3tGUTkIEY3yb5f1NoCbaRAts49sES+LfxdGMR FB2VCVtAqdp5CZxvp1O4Ag== 0000930413-05-004152.txt : 20050611 0000930413-05-004152.hdr.sgml : 20050611 20050606142115 ACCESSION NUMBER: 0000930413-05-004152 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050601 ITEM INFORMATION: Changes in Registrant.s Certifying Accountant ITEM INFORMATION: Changes in Control of Registrant ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050606 DATE AS OF CHANGE: 20050606 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEW HARVEST CAPITAL CORP CENTRAL INDEX KEY: 0000785544 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 133334513 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25824 FILM NUMBER: 05880132 BUSINESS ADDRESS: STREET 1: 501 SOUTH JOHNSTONE, SUITE 501 CITY: BARTLESVILLE STATE: OK ZIP: 74003 BUSINESS PHONE: 918-336-1773 MAIL ADDRESS: STREET 1: 501 SOUTH JOHNSTONE, SUITE 501 CITY: BARTLESVILLE STATE: OK ZIP: 74003 FORMER COMPANY: FORMER CONFORMED NAME: HARVEST CAPITAL CORP DATE OF NAME CHANGE: 19920703 8-K 1 c3776.txt 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 earliest event reported) JUNE 1, 2005 ----------------------- NEW HARVEST CAPITAL CORPORATION (Exact name of Registrant as specified in charter) DELAWARE 000-25824 13-3337553 - -------------------------------------------------------------------------------- (State or other jurisdic- (Commission (IRS Employer tion of incorporation) File Number) Identification No.) 101 NE 3RD Avenue, Suite 1220, Fort Lauderdale, Florida 33301 ------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (954-763-1515) c/o Heskett & Heskett 501 South Johnstone, Suite 501 Bartlesville, Oklahoma 74003 -------------------------------------------------- (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: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. - --------------------------------------------------------- On June 2, 2005, New Harvest Capital Corporation (the "Company" or "Harvest") dismissed Goldstein Golub Kessler LLP as its independent accountant. Goldstein Golub Kessler LLP had been previously engaged as the principal auditor to audit the financial statements of the Company. The reason for the termination was that Azur International, Inc., which on such date acquired a controlling interest in Harvest (see Item 5.01 herein), requested a change in auditors. Goldstein Golub Kessler LLP's reports on the financial statements of Harvest as of April 30, 2004 and 2003 and the related statements of operations, shareholders' equity and cash flows for each of the two years in the period ended April 30, 2004 did not contain an adverse opinion or disclaimer of opinion, nor were they modified as to uncertainty, audit scope, or accounting principles. The decision to change auditors was approved by the Company's Board of Directors. During the Company's two most recent fiscal years, and the subsequent interim periods, there were no disagreements with Goldstein Golub Kessler LLP on any matter of accounting principles or practices, financial statement disclosure, auditing scope, or procedure, which disagreements, if not resolved to the satisfaction of Goldstein Golub Kessler LLP, would have caused it to make reference to the subject matter of the disagreement in connection with its reports. On June 3, 2004, the Company retained Baum & Company, P.A. ("Baum") as its new independent accountant. Baum is located at 1515 University Drive, Coral Springs, Florida 33071. ITEM 5.01 CHANGES IN CONTROL OF REGISTRANT - ------------------------------------------ On June 1, 2005, pursuant to a Stock Purchase Agreement dated as of June 1, 2005 between HVST Acquisition Corporation, a Nevada corporation owned and controlled by James A. Ditanna of King of Prussia, Pennsylvania ("HVST Acquisition"), and Azur International, Inc. ("Azur"), HVST Acquisition sold to Azur 68,960,000 shares of common stock of Harvest, constituting approximately 50.4% of the outstanding common stock of Harvest (the "Harvest Shares"). The purchase price for the Harvest Shares was $550,000 paid in cash. The source of funds used by Azur to purchase the Harvest Shares was the working capital of Azur. By virtue of its acquisition of a majority of the voting securities of Harvest on such date, Azur acquired from HVST Acquisition control of Harvest on June 1, 2005. Simultaneously with the acquisition of the Harvest Shares, Azur entered into a Consulting and Investment Banking Services Agreement with Venture Fund I, Inc., a Nevada corporation owned by James Ditanna ("Venture") under which Venture has agreed to provide to Azur certain information, evaluation and consulting and investment banking services for a consideration of 600,000 shares of common stock of Azur. In connection with the sale, the Board of Directors of Harvest elected Donald Goree, Donald Winfrey and Albert Lazo (the "New Directors") as directors of Harvest to fill vacancies in the Board, such persons to take office ten days after Harvest files with the Securities and Exchange Commission ("SEC") and transmits to all holders of record of common stock of Harvest an Information Statement containing the information required under SEC Rule 14f-1 (the "Information Statement"). The Board also approved the filing of the Information Statement and this Current Report on Form 8-K and the Board appointed Donald Goree as Chairman and Chief Executive Officer, Donald Winfrey as President and Albert Lazo as Secretary of Harvest (the "New Officers"). In addition, immediately after taking the foregoing action, all officers of Harvest (other than the New Directors and New Officers) resigned, effective immediately upon the consummation of the sale of the shares to Azur and all of the directors resigned. Set forth in Item 5.02 below is certain information concerning all of the New Directors and New Officers. ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS. - ------------------------------------------------------------------------------- On June 1, 2005, following the taking of certain actions discussed in Item 5.01, James Ditanna, Curtis Hunsinger and Troy Getz resigned as directors and resigned from all of their positions as officers of Harvest. The resignations of such persons as directors shall each become effective immediately after the time the election of the New Directors becomes effective. None of such persons resigned as a result of any disagreement with Harvest over any matters relating to Harvest's operations, policies and practices The New Directors shall take office ten days after Harvest files with the SEC and transmits to all holders of record of common stock of Harvest the Information Statement. Each of the New Directors and New Officers is an officer and/or director of Azur. The New Directors shall serve until the next annual meeting of stockholders of Harvest or until their earlier death, disability or resignation. The New Officers shall serve at the pleasure of the Board of Directors. Currently, the Board of Directors does not have any committees. Azur intends to cause Harvest to establish a Nominating Committee and Audit Committee. Set forth below is certain information concerning the New Directors and New Officers elected in connection with the sale of the shares to Azur on June 1, 2005.
POSITIONS WITH THE COMPANY AND PRINCIPAL OCCUPATIONS NAME AGE DURING PAST FIVE YEARS - ---- --- ----------------------- Donald Goree 47 Chief Executive Officer and a director of the Company; Chairman and CEO of Azur since January, 2004; Mr. Goree has over 25 years of experience in commercial real estate investment, finance and development.
POSITIONS WITH THE COMPANY AND PRINCIPAL OCCUPATIONS NAME AGE DURING PAST FIVE YEARS - ---- --- ----------------------- Donald C. Winfrey 38 President and a director of the Company; President and a director of Azur since January 1, 2005; from 1997 to December 31, 2004 he held various positions with Xentel, Inc., including Vice President of its U.S. operations; from 1992 to 1997 he held various positions with CD3 Storage Systems, including President. Albert Lazo 32 Secretary of the Company; General Counsel and Secretary of Azur since April 2004 and a director of Azur since January 2005; associate attorney at the law firm of Richards and Polansky, P.C., Miami, Florida from February 2000 to April 2004; associate at the law firm of John G. Shieley, Miami, Florida from June 1999 to February 2000.
ITEM 8.01 OTHER EVENTS - ----------------------- Azur has informed Harvest that it is the intention of Azur to (a) as soon as practicable use its best efforts to cause Harvest to effect a reverse stock split such that immediately after such split the number of outstanding shares of Harvest shall be reduced to 100,000 and (b) after the reverse stock split, use its best efforts to cause Harvest to enter into a statutory exchange of stock with Azur as permitted under the laws of Delaware and Nevada, the jurisdictions of incorporation of Harvest and Azur, respectively. It is anticipated that in such transaction, Harvest would issue one share of common stock of Harvest for each two shares of Azur common stock held by stockholders of Azur as of the record date for the exchange. As of June 2, 2005 Azur had 47,995,977 shares of common stock outstanding. As a result of such exchange, Azur would become a wholly owned subsidiary of Harvest. The statutory exchange shall be subject, among other things, to approval by the respective Boards of Directors and stockholders of Harvest and Azur and to the SEC declaring effective a registration statement covering the issuance of Harvest common stock to the stockholders of Azur. There can be no assurance that such transactions will be consummated. Further information regarding Azur and its business are available at www.azur-int.com. The information contained on said website is not incorporated herein. ITEM 9.01 EXHIBITS. - --------- --------- (c) The following exhibits are filed herewith: 16.1 Letter dated June 2, 2005 from the Company to Goldstein Golub Kessler LLP; 16.2 Letter dated June 3, 2005 from Goldstein Golub Kessler LLP to the Securities and Exchange Commission. 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. NEW HARVEST CAPITAL CORPORATION June 6, 2005 By: /S/ DONALD WINFREY --------------------------- Donald Winfrey President EX-16.1 2 c3776_ex16-1.txt EXHIBIT 16.1 Goldstein Golub Kessler LLP 1185 Avenue of the Americas, Suite 500 New York, New York 10036 Attn: Carol Lapidus June 2, 2005 Dear Ms. Lapidus: The letter shall confirm that the engagement of your firm is terminated. This termination and the engagement of Baum & Company, P.A. as our new independent auditors were approved by our full Board of Directors. Your firm is hereby authorized to respond fully to the inquiries of Baum & Company, P.A. Our counsel will be preparing the Form 8-K which will be due June 7, 2005. You will be provided with a copy of the disclosures that we will be making in response to Item 304(a) of Regulation S-B. Please furnish us with a letter addressed to the Securities and Exchange Commission as to whether you agree with the statements made by us herein. Very truly yours, NEW HARVEST CAPITAL CORPORATION By: /s/ Donald Winfrey --------------------------- Name: Donald Winfrey Title: President EX-16.2 3 c3776_ex16-2.txt EXHIBIT 16.2 GOLDSTEIN GOLUB KESSLER LLP 1185 Avenue of the Americas, Suite 500 New York, New York 10036 June 3, 2005 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Gentlemen: We have been furnished with a copy of the disclosures that New Harvest Capital Corporation (the "Company") intends to make in Item 4.01 of a Current Report on Form 8-K the Company intends to file with the Securities and Exchange Commission regarding the termination of our firm as independent accountants for the Company. We agree with the statements regarding Goldstein Golub Kessler LLP contained in such disclosure. We have no basis to agree or disagree with respect to any other statements to be included in Item 4.01 of the Form 8-K. /s/ Goldstein Golub Kessler LLP - - ----------------------------------- Goldstein Golub Kessler LLP -----END PRIVACY-ENHANCED MESSAGE-----