SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) MAY 23, 1997
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MEXCO ENERGY CORPORATION
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(Exact name of registrant as specified in its charter)
COLORADO 0-6694 84-0627918
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
1100 PETROLEUM BUILDING, MIDLAND, TEXAS 79701
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(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code 915/682-1119
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(Former name or former address, if changed since last report.)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
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(a) and (b) Not applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
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(a) On May 23, 1997, the Issuer closed a private placement of its common
stock ($0.50 par value). Pursuant to the private placement, 200,000 shares of
the Issuer's common stock ($0.50 par value) were sold to eleven individuals for
an aggregate consideration of $1,000,000.00 or $5.00 per share. Of the 200,000
shares sold, the President of the issuer, Mr. Nicholas Taylor, purchased 20,000
shares for his own account, increasing his holdings to 1,082,770 or 66.7% of the
Issuer's outstanding shares, and 30,000 shares for the account of a minor child
for which Mr. Taylor is custodian. Mr. Taylor's two adult children each
purchased 45,000 shares of the Issuer's common stock. Mr. Taylor disclaims any
beneficial interest in the shares owned by his two adult children.
In addition, Mr. Howard E. Cox, Jr., increased his common stock holdings of
the Company from 164,000 shares to 194,000 shares, representing 11.95% of all
issued and outstanding shares.
Also, Ambassador Thomas Graham, a former director of the Company, increased
his stock holdings of the Issuer from 64,000 shares to 77,000 shares. Subject
to his resignation as a United States Ambassador, Mr. Graham has been appointed
to the Board of Directors of the Issuer and to the position of Chairman of the
Board of the Issuer by the Board of Directors of the Issuer effective July 1,
1997.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
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Not applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
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Not applicable.
ITEM 5. OTHER EVENTS
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Not applicable.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
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Not applicable.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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Not applicable.
ITEM 8. CHANGE IN FISCAL YEAR
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Not applicable.
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.
MEXCO ENERGY CORPORATION
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Registrant
May 30, 1997 /s/ Nicholas C. Taylor, President
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Date Signature
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