UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
 | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended June 30, 2006
OR
 | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from _______________ to ______________________
Commission file number0-27494
SILVERSTAR HOLDINGS, LTD.
(Exact name of Registrant as specified in its charter)
| Bermuda | N/A |
| (State or other jurisdiction of | (I.R.S. Employer Identification No.) |
| incorporation or organization) |
| Clarendon House, Church Street, Hamilton HM CX, Bermuda |
| (Address of Principal Executive Offices with Zip Code) |
Registrant’s telephone number, including area code:441-295-1422
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Name of each exchange on which registered |
| None | None |
Securities registered pursuant to Section 12(g) of the Act:
| Common Stock, $0.01 par value |
| ("Common Stock") |
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 (d) of the Act. Yes No
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to the Form 10-K.
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. Check one: Large accelerated filer Accelerated filer Non-accelerated filer
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No
The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the stock was sold, or the average bid and asked prices of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter $10,230,204.
As of September 14, 2006, there were 8,327,197 shares of the Registrant’s Common Stock outstanding and 814,786 shares of the Registrant’s Class B Common Stock outstanding.
EXPLANATORY NOTE
The purpose of this Amendment No. 1 to our Form 10-K is to correct the Officer Certification filed as Exhibit 32.1 which inadvertently identified the Form 10-K for the year ended June 30, 2004 instead of the Form 10-K for the year ended June 30, 2006 at the time it was filed with the original Form 10-K on September 28, 2006. The Company is filing as exhibits to this Form 10-K/A the certifications under Sections 302 and 906 of the Sarbanes-Oxley Act of 2002. Except for the amendments described above, this Form 10-K/A does not modify or update the disclosures, in, or exhibits to, the Form 10-K.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Boca Raton, State of Florida, on the 3rd day of October, 2006.
| SILVERSTAR HOLDINGS, LTD. | |
| BY: /s/ Clive Kabatznik | |
| Clive Kabatznik | |
| President |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant in the capacities and on the date indicated.
| Signature | Title | Date |
| /s/ Michael Levy ___________________ | Chairman of the Board of Directors | October 3, 2006 |
| Michael Levy | ||
| /s/ Clive Kabatznik ___________________ | President, Vice Chairman, Chief Executive Officer, Chief Financial Officer, Director and Controller (Principal Executive, Financial and Accounting Officer) | October 3, 2006 |
| Clive Kabatznik | ||
| ___________________ | Director | |
| Cornelius Roodt | ||
| /s/ Douglas Brisotti ___________________ | Director | October 3, 2006 |
| Douglas Brisotti | ||
| /s/ John Grippo ___________________ | Director | October 3, 2006 |
| John Grippo |