SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): September 12, 2006
SECURED FINANCIAL NETWORK, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
| Nevada | 000-49612 | 86-0955239 |
| (STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION) | (COMMISSION FILE NO.) | (IRS EMPLOYEE IDENTIFICATION NO.) |
| 101 NE Third Ave., Suite 1500 | ||
| Ft. Lauderdale, FL 33301 | ||
| (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) | ||
| (954) 332-3793 | ||
| (ISSUER TELEPHONE NUMBER) | ||
| N/A | ||
| (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 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Change in Stock Ownership and Voting Control
On September 5, 2006 Jeffrey Schultz, President and CEO of Secured Financial Network, Inc., entered into Agreement to sell a certain portion of his stock holdings to HEB, LLC, a Nevada Corporation.
As per the “Stock Purchase Agreement” Jeffrey Schultz agreed to sell 4,715,950 shares of Class A Common Stock to HEB, LLC. These shares equal approximately 21.5% of the outstanding shares issued as of 6/30/2006 of Secured Financial Network, Inc.
In addition, Schultz agreed to give appropriate stock powers transferring 100% of the voting rights of the Schultz shares to Buyer, representing an additional 4,715,950 shares or 21.5% of the outstanding shares issued as of 6/30/2006 of Secured Financial Network, Inc.
The closing of this transaction took place on September 12, 2006.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
| (a) | Financial Statements : N/A | |||
| (b) | Exhibits: | |||
| Exhibit No. | Description | |||
| 10.1 | Stock Purchase Agreement between Jeffrey Schultz and HEB, LLC. | |||
SIGNATURES
| | | |
| Date: September 14, 2006 | By: | /s/ Jeffrey Schultz |
Jeffrey Schultz | ||
| Title: Principal Executive Officer | ||
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