SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act
January 14, 2005
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Date of Report
(Date of earliest event reported)
PROCESS TECHNOLOGY SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
Nevada 000-29603 91-2070995
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
6371 Richmond, #200
Houston, Texas 77057
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(Address of Principal Executive Offices)
(713) 266-8005
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(Registrant's Telephone Number)
N/A
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(Former Name or Former Address if changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the Registrant under any of
the following provisions (see general instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14-a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.01 Changes in Control of the Registrant.
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On January 14, 2005, the Company elected Bud Najvar, CPA, to serve
on its Board of Directors until the next annual meeting of our stockholders
and until his successor is elected and qualified or his prior resignation or
termination.
There were no arrangements or understandings with any other person
concerning this election, and Mr. Najvar has not yet been designated to serve
on any committees. There also were no related party transactions between the
Company and Mr. Najvar.
Mr. Najvar is a certified public accountant who received his
B.B.A. degree from the University of Texas in May of 1979. From May of 1979
to 1980, Mr. Najvar was the staff auditor for Touche Ross & Co. Then, from
1980 to 1990, Mr. Najvar worked for KPMG Peat Marwick in the tax department as
well as serving as the firm's liaison to the Corpus Christi business
community. Mr. Najvar then worked as the Director of Tax for David Taylor
Cadillac from July 1990 through March of 1991. From 1991 to 1997, Mr. Najvar
was a sole practitioner focusing on tax and business work. Mr. Najvar then
became a partner at May, Swaim & Najvar in 1997, where he worked until 2000
focusing on tax and acquisition work. In May of 2000, through May of 2002,
Mr. Najvar was the Senior tax manager at Margolis, Phipps & Wright, P.C. In
May of 2002, Mr. Najvar became a partner in Najvar & Najvar, CPA's, whose
primary focus is small clients.
Item 5.03 Amendments to Articles of Incorporation or Bylaws
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Our Board of Directors has amended our Bylaws as follows pursuant to
the provisions of Article XI thereof:
Section 2.11 Written Consent to Action by Shareholders. Any
action required to be taken at a meeting of the shareholders, or any other
action which may be taken at a meeting of the shareholders, may be taken
without a meeting, if a consent in writing, setting forth the action so taken,
shall be signed by a majority of the shareholders entitled to vote with
respect to the subject matter thereof.
(c) Exhibits.
Description of Exhibit Exhibit Number
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Bylaw Amendment 3(ii)
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 hereunto duly authorized.
PROCESS TECHNOLOGY SYSTEMS, INC.
Dated: 01/18/05 /s/ William A. Silvey
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William A. Silvey, Jr.
President and Director