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): April 23, 2005
SKYWAY COMMUNICATIONS HOLDINGS CORP.
(Exact name of registrant as specified in its charter)
FLORIDA 000-32033 65-0881662
(State or other (Commission File Number) (IRS Employer
jurisdiction of incorporation) Identification Number)
6021 142nd Ave. North, Clearwater, FL 33760
(Address of principal executive offices) (Postal Code)
Registrant's telephone number, including area code (727) 535-8211
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 (17CFR
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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SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01 Entry into a Material Definitive Agreement
None
SECTION 2 - FINANCIAL INFORMATION
None
SECTION 3 - SECURITIES AND TRADING MARKETS
None
SECTION 4 - MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS
None
SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02 Departure of Directors or Principal Officers
On April 23, 2005, in a meeting of the Board of Directors of the Company,
Mr. Fuad Talib was removed from the Board via a resolution unanimously approved
by Mr. Talib's fellow Board members. The removal of Mr. Talib was undertaken
through the Board's authority to remove any Board member if such removal is seen
to be in the best interests of the Shareholders of the Company. The Board's
decision to remove Mr. Talib was predicated on the proximity and relationship
between Mr. Fuad Talib, and a Mr. Nazar Talib. Mr. Nazar Talib, on December 14,
2004, commenced a lawsuit against the Company, its Chief Executive Officer and
President. Mr. Fuad Talib is the father of Mr. Nazar Talib, and the relationship
between Mr. Fuad Talib, and Mr. Nazar Talib, and the current litigation between
Mr. Nazar Talib and the Company and two of its executive officers, was
determined by the Board to be of a significant enough nature to cause a
potential inability to perform the fiduciary responsibilities, on the part of
Mr. Fuad Talib, in his responsibilities to the Shareholders.
In a subsequent resolution of the Board on April 24th, Mr. Ray Powers, was
appointed to the Board of Directors.
In a Board resolution of April 25th, the Company accepted the resignations
from the Board, of Mr. Brent Kovar, Mrs. Joy Kovar, and Mr. Jim Kent.
SECTION 6 - RESERVED
None
SECTION 7 - REGULATION FD
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None
SECTION 8 - OTHER EVENTS
None
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
None
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.
Skyway Communications Holdings Corp.
/s/ Jim Kent
Jim Kent
Chief Executive Officer
Date: April 25th, 2005
