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 24, 2014
SOUTHCORP CAPITAL, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
000-21155 | | 46-5429720 |
| (Commission File No.) | | (IRS Employer Identification No.) |
| 920 Santa Monica Blvd., Santa Monica, CA 90401 |
| (Address of principal executive offices) (zip code) |
| (661) 418-7842 |
| (Registrant’s telephone number, including area code) |
Not Applicable
(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:
| 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)) |
Item 1.01 Entry into a Material Definitive Agreement.
See the disclosure under Item 8.01 of this Current Report on Form 8-K.
Item 8.01 Other Events.
The Company agreed to sale its property located at 602 Wagner Street in Fort Wayne for $35,000. The property was sold under a land contract and the Company financed the sale. The terms of the sale are:
Purchase Price: $35,000
Term: 7 Years
Interest Rate: 10%
Estimated Monthly Payment: $581.
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.
| | SouthCorp Capital, Inc. | |
| | | | |
| Dated: July 24, 2014 | By: | /s/ Joseph Wade | |
| | Name: | Joseph Wade | |
| | Title: | CEO | |
