WASHINGTON, DC 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): December 10, 1998
RADIATION DISPOSAL SYSTEMS, INC.
(Exact Name of Registrant as Specified in Charter)
North Carolina 0-13738 56-1426581
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1104 Nueces Street, Austin, Texas 78701-2128
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (512) 671.3858
Item 5 Other Events
THE ANNUAL BOARD OF DIRECTORS MEETING OF RADIATION DISPOSAL SYSTEMS,
INC., was held Thursday, November 19, 1998, at 10:00a.m., immediately following
the annual meeting of shareholders.
Present at the meeting and constituting a quorum of the full board were the
newly elected board members, Rudy De La Garza and Wayne Gronquist. Wayne
Gronquist of Wayne Gronquist, P.C. served as the secretary for the meeting and
as corporate counsel.
Election of officers were as follows:
Rudy De La Garza, President & Chief Executive Officer.
Wayne Gronquist, Executive Vice President & Secretary
Pursuant to the shareholders' directive, the Board of Directors directed the
president to effectuate the following:
(1) to reverse-split the Radiation Disposal Systems, Inc. outstanding shares of
Common Stock on a 20 to 1 basis, 20 outstanding shares for 1 new share, and to
do so as soon as practical. The effective date for purposes of calculating the
reverse-split will be as soon as the NASDAQ and the OTC Bulletin Board system
can effect the reverse-split within its systems; and,
(2) to trade all 20 million authorized shares of Radiation Disposal Systems,
Inc., including the 998,875 issued and outstanding shares, for 20 million
authorized shares of the Saint James Company.
The president reported that the results of the trade are as follows:
a) 998,875 issued and outstanding shares of the Radiation Disposal
Systems, Inc. are now 998,875 issued and outstanding shares of the
Saint James Company;
b) 19,001,125 treasure shares of Radiation Disposal Systems, Inc. are
traded for a like sum of treasure shares of the Saint James Company;
c) The name of the corporation (Radiation Disposal Systems, Inc.) now
becomes THE SAINT JAMES COMPANY;
d) The corporation's domicile is changed from North Carolina to Delaware.
As of this day all changes noted have taken place. The CUSIP Service Bureau of
STANDARD & POOR'S has been notified of changes and responded with The Saint
James Company CUSIP # 790000 10 3.
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 December 9, 1998 The SAINT JAMES COMPANY
Formally Radiation Disposal Systems, Inc.
By: /s/ Rudy W. De La Garza
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Rudy W. De La Garza
President, Director, & Chief Executive Officer