-----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, NgKMx4w1zHXDwI/Yd5h9cPFmOC3aJ+VFx18TTE+8yx/B2OWa0/8gyFjc3Ik8yWX5 sFIv6BhmKfeOI0AGWhNtSg== 0001116502-04-002010.txt : 20040812 0001116502-04-002010.hdr.sgml : 20040812 20040812172027 ACCESSION NUMBER: 0001116502-04-002010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040715 ITEM INFORMATION: Changes in control of registrant FILED AS OF DATE: 20040812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAFE TECHNOLOGIES INTERNATIONAL INC CENTRAL INDEX KEY: 0000829117 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 222824492 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17746 FILM NUMBER: 04971164 BUSINESS ADDRESS: STREET 1: 2875 SOUTH OCEAN BLVD STREET 2: SUITE 211 CITY: PALM BEACH STATE: FL ZIP: 33444 BUSINESS PHONE: 5618322700 MAIL ADDRESS: STREET 1: 2875 SOUTH OCEAN BLVD STREET 2: SUITE 211 CITY: PALM BEACH STATE: FL ZIP: 33444 FORMER COMPANY: FORMER CONFORMED NAME: SAFE AID PRODUCTS INC DATE OF NAME CHANGE: 19920703 8-K 1 safetech8k.htm CURRENT REPORT <B>BP (x1-53590) Safe Technologies 8-K

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) July 15, 2004




SAFE TECHNOLOGIES INTERNATIONAL INC.

(Exact name of registrant as specified in its charter)



                      

Delaware

        

000-17746

        

22-2824492

 

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

   
 

                                             

 

                                             

 

                                             



2875 S. Ocean Blvd., Suite 104, Palm Beach, Florida 33480

(Address of Principal Executive Office) (Zip Code)



561-832-2700

(Registrant’s telephone number, including area code)



125 Worth Avenue, Suite 113, Palm Beach, Florida 33480

(Former Name or Former Address, If Changed Since Last Report.)










Item 1.     Changes in Control of Registrant.


The Lang Family Trust has closed its sale of 225,000,000 shares of the Company’s common stock, representing approximately 24.5% of the Company’s outstanding stock.  The total purchase price was $1,237,678, and included a $387,357 promissory note from the Company representing accumulated loans made by the Trust.  


The purchaser was Universal Equity Holdings, LLC, as assignee of Zaras Investments, Inc.  Universal Equity paid cash for the stock, and has informed the Company that none of the funds were borrowed, but were available for investment from funds contributed to Universal Equity by its members.  The Company is awaiting information as to the identity and ownership percentages of the principals of Universal Equity.


As previously reported, the Company expects that its directors and officers will be replaced in an orderly fashion.  In conjunction with the closing, Barbara L. Tolley, trustee of the Lang Family Trust and a director of the Company, resigned as of July 15, 2004.  Charles Martus, another director of the Company, resigned as of July 16, 2004.  Bradford L. Tolley, son of Ms. Tolley, and Secretary and Treasurer of the Company, resigned those positions as of August 4, 2004.  It is expected that the Company’s remaining two directors will fill the vacancies on the Company’s Board of Directors by appointing persons nominated by Universal Equity, and that the newly constituted Board will appoint new officers.







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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.



                                                                               

SAFE TECHNOLOGIES INTERNATIONAL, INC.

  

                                                                       

   

Date:  August 10, 2004

By:  

/s/ MICHAEL J. POSNER

  

Michael J. Posner

President

  



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