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) January 26, 2004
NUTEK, INC.
(Exact name of Registrant as specified in charter)
Nevada 0-29087 87-0374623
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification)
6330 McLeod Drive, Suite 1, Las Vegas, NV 89120
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 262-2061
ITEM 5. OTHER ITEMS
On January 26, 2004, Nutek, Inc. (the "Company") issued a press release
announcing that the Company would be changing the Corporation name to
Datascension Inc., and require a mandatory share exchange. The Amended Bylaws
of the Corporation additionally require all shares include the name of the
beneficial owner of the shares.
Mandatory Share Exchange
The Corporation requires a mandatory exchange of the old stock certificate,
with the name Nutek, Inc., for a new stock certificate, with the name
Datascension, Inc., with the stipulations that (a) old stock certificates, with
the old company name, will be void, shall not entitle the certificate holder to
any of the rights of a shareholder or the Corporation, and shall be worthless,
non-transferable and non-tradable in any public or private market or exchange
beginning ninety (90) days after the date of the filing of the Certificate of
Amendment of the Articles of Incorporation in the State of Nevada, and shall
have no value except for the right to be exchanged for new stock certificates;
and (b) physical exchange of the old stock certificates must be made
exclusively by and through the Corporation's stock transfer agent in order to
obtain a new stock certificate.
Persons who hold their shares in brokerage accounts or "street name" would not
be required to take any further actions to effect the exchange of their
certificates. Instead, the holder of the certificate will be contacted.
However, the Corporation requires that each new certificate representing shares
of common stock of the Corporation specify and include the name of the
beneficial owner of such shares and be mailed directly to that beneficial
holder.
No new certificates will be issued to a shareholder until the shareholder has
surrendered the shareholder's outstanding certificate(s) to the exchange agent.
Until surrender, each certificate representing shares before the name change
would represent the right to exchange the certificate bearing the name of Nutek
Inc., for a certificate bearing the name of Datascension Inc., only.
Stockholders should not destroy any stock certificate and should not submit any
certificates until instructed to by the Corporation.
On November 7, 2003, the Board of Directors determined to change the name of
the Company to Datascension Inc. and to change the Company's trading symbol to
reflect the name change of the Company. The purpose of the name and proposed
symbol change is to more accurately reflect the Company's business and its
activities after the change.
Item 7. Exhibits.
99.1 Press Release dated January 26, 2004.
99.2 Notification of Name change and Bylaw change to NASD.
99.3 Notification of Name change and Bylaw change to DTC.
99.4 Amendment to Certificate of Incorporation.
99.5 Amended Bylaws.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: January 26, 2004
NUTEK, INC.
By:
/s/ Murray N. Conradie
-------------------
Murray N. Conradie, President
INDEX TO EXHIBITS
Exhibit No. Description
- ----------- -----------
99.1 Press Release dated January 26, 2004.
99.2 Notification of Name change and Bylaw change to NASD.
99.3 Notification of Name change and Bylaw change to DTC.
99.4 Amendment to Certificate of Incorporation.
99.5 Amended Bylaws.