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): February 26, 2003
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MangoSoft, Inc.
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(Exact name of registrant as specified in its charter)
Nevada 0-30781 87-0543565
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(State or other (Commission File Number) (IRS Employe
jurisdiction of Identification No.)
incorporation)
12 Pine Street Extension, Nashua, NH 03060
(Address of principal executive offices, zip code)
Registrant's telephone number, including area code: (603) 324-0400
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N/A
(Former name or former address, if changed since last report)
Item 5. Other Events.
On February 26, 2003, MangoSoft's board of directors authorized a
1-for-27 reverse stock split effective after the close of business on February
28, 2003. As a result of the reverse stock split, shareholders of record will
hold one share of MangoSoft common stock for every 27 shares held prior to the
reverse split. Record holders of fractional shares following the reverse stock
split will receive such additional fraction of a share as is necessary to
increase the fractional share to a full share of common stock. Shareholders will
not be required to exchange their stock certificates for new certificates.
However, upon surrender of stock certificates for transfer, the new certificates
issued will reflect the post-split share amounts.
As of February 26, 2003, MangoSoft had approximately 26.9 million
shares outstanding.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
MANGOSOFT, INC.
(Registrant)
Dated: February 28, 2003 By: /s/ Dale Vincent
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Dale Vincent
Chief Executive Officer
(Principal Executive Officer)
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