8-K: Current report
Published on August 25, 2008
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): August 20, 2008
Versa
Card Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
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000-27407
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98-0187705
|
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(State
or Other Jurisdiction of
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(Commission
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(I.R.S.
Employer
|
|
Incorporation
or Organization)
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File
Number)
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Identification
Number)
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1615
Walnut Street, 3rd Floor, Philadelphia, PA
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19103
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|
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (215)
972-1601
(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
Instruction 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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Item
8.01
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Other
Events.
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Cancellation
of 20,000,000 shares of Common Stock
The
Company and James C. Fischbach entered into a Mutual Release and Settlement
Agreement on August 20, 2008. Pursuant to the Mutual Release and Settlement
Agreement, the Company issued 100,000 shares of its Common Stock to James C.
Fischbach, James C. Fischbach agreed to the cancellation of 20,000,000 shares
issued February 7, 2007, in anticipation of the acquisition of Intrepid World
Communications Corporation, and the Company agreed to dismiss the pending
litigation in the Delaware Court of Chancery.
As
a
result of the cancellation of the 20,000,000 shares, and giving effect to the
issuance of the 100,000 shares pursuant to the Mutual Release and Settlement
Agreement, the number of outstanding shares of common stock is now
30,109,682.
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.
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Versa
Card, Inc.
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Dated:
August 25, 2008
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By:
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/s/
James MacKay
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James
MacKay, Chief Executive Officer
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