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) August 15, 2000
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Hawks Industries, Inc.
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(Exact name of registrant as specified in its charter)
Wyoming 0-5781 83- 0211955
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(State or other jurisdiction (Commission IRS Employer
of incorporation ) File Number) Identification No.)
913 Foster Road, Casper, Wyoming 82601
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (307) 234-1593
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N/A
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(Former name or former address, if changed since last report.)
Form 8-K Current Report
Item 1. Change in Control of Registrant
On August 15, 2000, Registrant completed a private placement of its
securities in accordance with the terms and conditions provided in the June 10,
1999 Agreement as amended which was previously filed with the SEC. The private
placement resulted in a consideration paid to the Registrant of $33,000,000 for
22,171,876 shares of its $0.01 par value common stock. The 22,171,876 shares
were distributed as follows:
Purchasers Number of Percentage
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Shares Ownership
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Universal Equities Consolidated, LLC 11,085,938 47.5%
Thorntree Resources, LLC 11,085,938 47.5%
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Total 22,171,876 95.0%
As a result of this transaction, control of the Registrant is now held by
Universal Equities Consolidated, LLC and Thorntree Resources, LLC. The
principals of Universal Equities Consolidated, LLC are Vincent P. Iannazzo and
Milton E. Stanson. The principal of Thorntree Resources, LLC is David H.
Peipers.
Item 2. Disposition of Assets
On August 15, 2000, Registrant completed the terms of its June 9, 1999
Agreement to exchange certain assets of the Registrant for Bruce A. Hinchey,
James E. Meador, Jr. and Anne D. Zimmerman Revocable Trust dated November 14,
1991 (collectively "Shareholders") shares of common stock.
As a result, the Registrant received 345,211 shares of its $0.01 par value
common stock for the following assets:
1. All of Hawks' stock and ownership in Western Environmental Services
and Testing, Inc. along with its subsidiaries.
2. All of Hawks' stock and ownership in Central Wyoming Properties, Inc.
3. Certain of Hawks' royalty and overriding royalty interests.
4. $100,000 of W.E.R.C. preferred stock.
The asset transaction was approved by the Registrant shareholders at its
July 26, 2000 shareholder meeting.
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.
Hawks Industries, Inc.
By: /S/ Bruce A. Hinchey
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Bruce A. Hinchey, President
Dated: August 16, 2000