UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report: October 23, 1997
COVENTRY INDUSTRIES CORP.
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(Exact name of registrant as specified in its charter)
FLORIDA 000-22653 65-0353816
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
7777 Glades Road, Suite 211
Boca Raton, Fl 333433
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 561-488-4802
Not Applicable
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(Former name or former address, if changed since last report)
The Registrant hereby amends the items of its Report on Form 8-K as
filed on October 23, 1997 as set forth below:
Item 5. Other Event.
As disclosed in the annual report on Form 10-KSB of Workforce Systems
Corp., a Florida corporation (the "Company"), Yucatan Holding Company, a
Florida corporation ("Yucatan") was the shareholder of record of an aggregate
of 504,891 shares of the Company's common stock. Of such amount, Jayme
Dorrough, the sole officer, director and shareholder of Yucatan held sole
voting and depository power as to 304,891 shares and Ella Chesnutt, a former
officer and director of both the Company and Yucatan, held sole voting and
depository power as to the remaining 200,000 shares. On October 22, 1997 the
Company repurchased the 304,891 shares of common stock from Yucatan over which
Mrs. Dorrough held voting and depository power, which represented
approximately 11.8% of the then issued and outstanding common stock. The terms
of the cash transaction were not disclosed. Following such repurchase, the
shares were returned to the treasury of the Company with the status of
authorized but unissued common stock, thereby reducing the number of issued
and outstanding shares of common stock to 2,278,455 shares.
Following such transaction, Mrs. Dorrough, an officer of the Company
and a member of the Board of Directors of the Company, voluntarily resigned
her seat on the Company's Board and from all offices with the Company.
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SIGNATURES
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.
Date: July 1, 1998 By: /s/ Robert L. Hausman
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Robert L. Hausman,
President
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