SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT INFORMATION Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 8, 1997 ------------------------------- Commission File No. 0-25276 DIGIMEDIA USA, INC. ------------------- (Exact name of small business issuer in its charter) NEVADA 88-0320364 ------ ---------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 2454 NE 13TH AVE., FORT LAUDERDALE, FL. 33305 --------------------------------------------- (Address of principal executive offices) (954) 565-8726 (Issuer's telephone number) NOT APPLICABLE -------------- (Former name, former address and former fiscal year, if changed since last report) 5. OTHER EVENTS. On Thursday, May 8, 1997, the Board of Directors of DigiMedia USA, Inc. approved a reduction in the authorized shares from 75,000,000 to 10,714,275, to become effective on Friday May, 9, 1997. The issued and outstanding was correspondingly decreased from 15,056,225 to 2,150,889. This effectively results in a reverse split of 7 to 1 for all current DigiMedia shareholders. The action was taken to establish a more attractive float to investors and poise the company in a more advantageous position regarding mergers and acquisitions. The changed was made pursuant to the requirements of Nevada Statutes 78-209. By Order of the Board of Directors /S/ GENE FARMER --------------- GENE FARMER, SECRETARY