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) August 18, 1999
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Casinovations Incorporated
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(Exact name of Registrant as specified in charter)
Nevada
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(State or other jurisdiction of incorporation)
000-25855 91-1696010
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(Commission File (IRS Employee
Number) Identification No.)
6744 South Spencer Street, Las Vegas, Nevada 89119
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (702) 733-7195
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Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
Effective August 18, 1999, Timothy P. Leybold is no longer
employed as Chief Financial Officer of Casinovations Incorporated
(the "Company"). The departure of Mr. Leybold was on terms
mutually acceptable to Mr. Leybold and the Company. At the
present time, Michael C. McDonald, the Company's Controller, has
been named acting Chief Financial Officer and will handle the
responsibilities and duties of the Company's Chief Financial
Officer. Mr. McDonald is a certified public accountant and
received his B.A. in accounting from Brigham Young University and
his M.B.A. from the University of Utah.
On August 19, 1999, the Company distributed to all of its
stockholders of record a letter in which the Company provided an
update as to certain matters concerning the Company, including,
without limitation, an update with respect to the Company's
search for an appropriate market maker for its common stock and
the approval by the Nevada State Gaming Control Board of the
SecureDrop(TM) 2000 System for sale and the approval of the
SecureDrop(TM) 3000 System for field trials.
The aforementioned summary of the letter is not intended to
be exhaustive and is subject to, and qualified in its entirety
by, reference to a copy of the letter which is attached hereto as
Exhibit 99.1. The letter contains statements that may be
considered forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
such as statements relating to the continued development of the
Company's products, future sales of the Company's products,
market maker activities and other statements regarding events or
conditions which have not yet taken place. Such forward-looking
information involves important risks and uncertainties that could
significantly affect anticipated results in the future, and,
accordingly, such results may differ from those expressed in any
forward-looking statements made herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Businesses Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
99.1 Letter to Stockholders dated August 19, 1999.
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SIGNATURE
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.
CASINOVATIONS INCORPORATED
(Registrant)
Date: August 30, 1999 By: /s/ Steven J. Blad
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Steven J. Blad
President and Chief
Executive Officer
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EXHIBIT INDEX
EXHIBIT PAGE
NUMBER DESCRIPTION NUMBER
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99.1 Letter to Stockholders dated August 19, 1999. 5
4