SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 8-K-A
Amendment No. 1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report 08/28/01
Environmental Oil Processing Technology Corporation
Utah Commission File No. 0-29509 (IRS Employer No. 82-0520055
2801 Brandt Avenue, Nampa, Idaho 83687
Registrant's telephone number, (208)-463-0063 Fax:(208) 463-7601
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(Former name or former address, if changed since last report.)
Item 5. Other Events:
On September 20, 2001, the Registrant announced that a civil action has
been filed by the former owners of the Corporation's subsidiary, Project
Development Industries, L.L.C. ("PDI") against the Company. The plaintiffs are
seeking to rescind the Company's acquisition of PDI and have the ownership
interest of PDI returned to them. In addition, the Company announced that it
received the resignation from the board of directors of Grayson Evans, chief
executive officer of PDI and one of the individual plaintiffs in the civil
action.
Further information regarding the civil action is set forth in the
Company's press release dated September 20, 2001, attached as Exhibit 99.1 and
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits:
Exhibit 99.1-- Press Release dated September 20, 2001.
SIGNATURES
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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.
Environmental Oil Processing Technology Corporation
Date: September 20, 2001 By /s/ N. Tod Tripple
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N. Tod Tripple, President and CEO