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
June 10, 1996
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Date of Report (date of earliest event reported)
BUD FINANCIAL GROUP, INC.
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(Exact Name of Registrant as Specified in its Charter)
Colorado 33-25779 84-1100609
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(State or other jurisdiction of (Commission File I.R.S. Employer
incorporation or organization) Number) Identification No.)
4647 North 32nd Street, Suite 205, Phoenix, Arizona 85018
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(Address of principal executive office)
(602) 488-8431
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(Registrant's telephone number,
including area code)
33806 North 70th Way, #BH-36 Scottsdale, Arizona 85377
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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
On June 10, 1996, Larry E. Clark sold 1,415,000 shares of
Company common stock to a group of individuals which included Jay
S. Hoffman, T.L. "Thom" Holmes, Steven E. Trabish and Ronald
Conquest. The shares sold represented approximately 79% of the
total shares of the Company's Common Stock then issued and
outstanding. The Company did not issue any new shares as part of
the transaction. The transaction resulted in a change in control
of The Bud Financial Group, Inc.
The following tabulates holdings of Common Shares of The Bud
Financial Group, Inc. held by all Directors, Officers and
Principal Shareholders, individually and as a group.
Name and Addresses of Number of Shares Percent of
Officers and Directors of Common Stock Owned(1)
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Thomas L. McCrimmon 150,000 8%
3816 West Linbaugh, #408
Tampa, Florida 33624
Larry E. Clark 100,000 6%
33806 North 70th Way, Terra Vita #B-36
Scottsdale, Arizona 85377
Jay S. Hoffman, T.L. "Thom" 1,415,000 79%
"Thom" Holmes, Steven E. Trabish and
Ronald Conquest
c/o 1999 Avenue of the Stars, Ste. 2050
Los Angeles, California 90067
Item 5. Other Events
Change in Management
Effective July 1, 1996, a new Board of Directors were
elected to serve until the next annual meeting of Shareholders.
The new directors are T.L. "Thom" Holmes, John H. Berry and
Ronald Conquest.
Effective July 1, 1996, new officers were appointed by the
new Board of Directors to serve until the next annual meeting of
shareholders. The new officers are:
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Ronald Conquest, Chairman & CEO
John H. Berry, Secretary
Change in Address and Telephone Number
Effective July 1, 1996, the Company's new business address
is, 4647 North 32nd Street, Suite 205, Phoenix, Arizona 84018.
Effective July 1, 1996, the Company's new business telephone
and fax numbers are; telephone ((602) 954-8588, fax (602)
957-9557.
Change of Counsel
Effective July 1, 1996, the Company appointed new legal
counsel which is Mr. John Malmrose, whose business address is 409
North Palm Drive, #101, Beverly Hills, California 90210.
Item 6. Resignation of Registrant's Directors
As a result of the change in control set forth herein above
the former Directors of the Company; Mr. Larry E. Clark, Mrs.
Jacquelyn Clark and Ms. Donna J. Rose resigned as officers and
directors of the Company effective July 1, 1996. None of the
Directors referenced herein resigned because of a disagreement
with the Registrant on any matter.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized:
THE BUD FINANCIAL GROUP, INC.
Date: June 26, 1996 By: /s/ Larry E. Clark
Larry E. Clark, President
L7(b)8-KJun95.bfg
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