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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 31, 1999
KARTS INTERNATIONAL INCORPORATED
(Exact name of registrant as specified in its charter)
Nevada
(State of incorporation)
000-23041 75-2639196
(Commission File Number) (I.R.S. Employer Identification Number)
62204 Commercial Street
P.O. Box 695
Roseland, Louisiana 70456
(Address of principal executive offices) (Zip Code)
(504) 747-1111
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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INFORMATION INCLUDED IN REPORT ON FORM 8-K
Item 5. Other Events.
On August 31, 1999, the Company held its 1999 Annual Meeting of
Shareholders in Dallas, Texas. The following items were submitted to a vote of
and approved by the Company's security holders:
a) PROPOSAL NO. 1 For Against Abstain
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Election of Directors:
Timothy P. Halter 4,963,170 61,378 10,750
Charles Brister 4,965,700 59,428 10,750
Gary C. Evans 4,963,170 61,378 10,750
Joseph R. Mannes 4,963.170 61,378 10,750
Ronald C. Morgan 4,963,170 61,378 10,750
Other Nominees -0- -0- -0-
b) PROPOSAL NO. 2 For Against Abstain
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Ratification of Private
Placement of Preferred Stock
And Issuance of Common Stock 3,003,380 75,256 14,226
Upon Conversion Thereof
c) PROPOSAL NO. 3 For Against Abstain
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Ratification of $1.5 million
Convertible Term Loan from 3,028,468 59,203 5,191
The Schlinger Foundation
d) PROPOSAL NO. 4 For Against Abstain
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Ratification of Amendment to
Articles of Incorporation to
Increase Authorized Common Stock 2,955,675 110,444 26,743
e) PROPOSAL NO. 5 For Against Abstain
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Ratification of Amendment to
Articles of Incorporation to
Effect a Three-for-One Reverse 4,743,866 274,243 17,189
Stock Split
f) PROPOSAL NO. 6 For Against Abstain
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Selection of Auditors 4,996,119 23,292 15,887
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KARTS INTERNATIONAL INCORPORATED
By: /s/ Charles Brister
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Charles Brister, Chief Executive Officer and
President
Date: September 3, 1999