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): July 4, 2000
MAXX INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Utah 000-26971 87-0284871
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
c/o Solomon Broadcasting International, Inc.
130 El Camino Drive, Beverly Hills 90212
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number: 301-205-6220
AREA INVESTMENT AND DEVELOPMENT COMPANY
(Former name or former address, if changed since last report.)
Item 5. Other Events.
1. On June 5, 2000, the Board of Directors of Maxx International, Inc. (the
"Company") accepted the resignation of Rick Garson as an officer and director of
the Company.
Effective June 5, 2000, the remaining directors elected Joseph Congiusti as
a director of the Company. Mr. Congiusti accepted the position. Currently, Mr.
Congiusti holds the position of Area Sales Manager for the Technology Solutions
Division of DoubleClick, Inc., where he works extensively with Internet
Publishers, Merchants, Advertisers and Ad Agencies.
2. On June 21, 2000, the Company announced that its Board of Directors had
declared a two-for-one stock split in the form of a 100% stock dividend. The
record date for the stock split was set for June 30, 2000. One additional share
of the Company's common stock will be distributed for each currently outstanding
share. The distribution date for the dividend will be July 6, 2000.
3. On June 27, 2000, the Company entered into a Consulting Agreement (the
"Agreement") with Doyle Capital Management, Inc., a Nevada corporation ("Doyle
Capital Management"), pursuant to which Doyle Capital Management will provide
consulting services to the Company with regard to overall management and
potential acquisitions. Mr. Walter Doyle is the sole shareholder, officer and
director of Doyle Capital Management. As such, Mr. Doyle may have significant
influence over the Company's overall management.
The Consulting Agreement provides for the grant of an option to purchase
250,000 shares of the Company's common stock (the "Option"), at an exercise
price of $2.00 per share of common stock. The Option expires upon the
termination of the Agreement. The Agreement expires one (1) year from the date
of the Agreement.
SIGNATURES
Pursuant to the requirement 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, this 5th day of July, 2000.
MAXX INTERNATIONAL, INC.
By: /s/ Adley Samson
-------------------------------------
Adley Samson, Chief Financial Officer