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
Date of Report (Date of earliest event reported): April 29, 1998 (April 28, 1998)
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MILLENNIUM SPORTS MANAGEMENT, INC.
New Jersey 0-22042 22-3127024
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(State or other jurisdiction (Commission File No.) (IRS Employer ID No.)
of incorporation)
Ross' Corner, U.S. Highway 206 and County Route 565,
Augusta, NJ 07822
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(Address of principal executive offices)
(973) 383-7644
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Registrant's telephone number, including area code
__________________________________________________________________
(Former name or former address, if changed since last report)
Item 5. Other Events.
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Following the public announcement thereof on April 28, 1998, Millennium
Sports Management, Inc., formerly known as Skylands Park Management, Inc. (the
"Company"), notified Continental Stock Transfer & Trust Company (the "Warrant
Agent"), with instructions to further notify the registered holders of the
Company's outstanding publicly traded Class A common stock purchase warrants
(the "Class A Warrants"), that the Board of Directors of the Company had
voluntarily authorized the extension of the Class A Warrants such that the
expiration date of the Class A Warrants has been extended through and including
5:00 p.m. (New York time) on September 30, 1998. No other terms of the Class A
Warrants were amended at this time.
Also on April 28, 1998, the Company notified the Warrant Agent, with
instructions to further notify the registered holders of the Company's
outstanding Class D common stock purchase warrants (the "Class D Warrants", and
collectively with the Class A Warrants, the "Warrants"), that, except for Class
D Warrants committed for issuance in connection with the Company's "Stadium
Golf" joint venture, the Board of Directors of the Company had (i) determined to
cease any further offering of Class D Warrants, and (ii) voluntarily authorized
the extension of the expiration date of the Class D Warrants through 5:00 p.m.
(New York time) on March 31, 2003 with respect to the 4,012,000 Class D Warrants
now outstanding or committed for issuance. 3,000,000 of such Class D Warrants
are subject to contractual agreements requiring the return thereof to the
Company under certain circumstances. No other terms of the Class D Warrants were
amended at this time.
The certificates representing the Warrants on the date of this report
will continue to represent the Warrants (as extended) during the extension of
the exercise periods, and the Warrant Agent has agreed to continue to act as
warrant agent in respect of the Warrants.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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The following Exhibits are filed as part of this Form 8-K:
1. Notification letter, dated April 28, 1998, issued by the Company to
the Warrant Agent, regarding the extension of the Class A Warrants.
2. Warrant Agreement dated as of September 24, 1993 between the
Company and the Warrant Agent, relating to the Class A Warrants.(1)
3. Notification Letter, dated April 28, 1998, issued by the Company to
the Warrant Agent, regarding the extension of the Class D Warrants.
4. Warrant Agreement dated as of February 6, 1997 between the Company
and the Warrant Agent, relating to the Class D Warrants.(2)
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/(1)/ Incorporated by reference, filed as an exhibit to Amendment No. 2 to the
Company's registration statement on Form SB-2 filed on August 12, 1993.
/(2)/ Incorporated by reference, filed as an exhibit to Company's report on
Form 10-KSB filed on March 31, 1998.
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 hereto duly authorized.
MILLENNIUM SPORTS MANAGEMENT, INC.
(Registrant)
Dated: April 29, 1998 By: /s/ Barry M. Levine
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Barry M. Levine, President