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) October 9, 2009 |
LEXICON UNITED INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware | | 000-33131 | | 06-1625312 |
| (State or other jurisdiction of | | (Commission File No.) | | (I.R.S. Employer |
| incorporation or organization) | | | | Identification No.) |
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| 4500 Steiner Ranch Blvd., Suite 1708, Austin, TX | | 78732 |
| (Address of principal executive offices) | | (Zip Code) |
(512) 266-3507 (Registrant’s telephone number, including area code) |
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) |
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| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Lexicon United Incorporated’s subsidiary, ATN Capital e Participacoes Ltd. ("ATN"), a Brazilian company which specializes in debt recovery, has reached an agreement with Ativos S/A Securitizadora to provide collection services relative to a new portfolio with a face value of over 671 million Brazilian Reais (approximately $372 million) of distressed debt assets of Banco do Brasil SA. At the same time, ATN has improved its capabilities to handle up to a 50% higher collection volume generated from its customer base.
On October 9, 2009, the Registrant issued a press release announcing the aforementioned agreement.
A copy of the press release is included as Exhibit 99.1 to this Report.
| Item 9.01. Financial Statements and Exhibits. |
| (d) | The following exhibits are furnished herewith: |
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| | 99.1 Press release dated October 9, 2009. |
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.
| | | LEXICON UNITED, INC. |
| | | Registrant |
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| October 13, 2009 | | By: /s/ Elie Saltoun |
| | | Elie Saltoun |
| | | Chief Executive Officer |
| 99.1 | Press release dated October 9, 2009 |
