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) March 30, 2001
CARING PRODUCTS INTERNATIONAL, INC.
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(Exact name of registrant as specified in charter)
Delaware 33-96882-LA 98-0134875
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(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
P.O. BOX 9288, SEATTLE, WA 98109
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (206) 853-1131
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(Former name or former address, if changed since last report)
ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
On March 30, 2001, Caring Products International, Inc. ("Registrant")
consummated a private placement of 9,000,000 shares of its common stock, $0.01
par value (the "Common Stock") to Mr. Raymond A. Bills, a previously
unaffiliated accredited investor pursuant to Rule 506 of Regulation D. Mr.
Bills paid Registrant $250,000.00 in consideration for the issuance. After
giving effect to this transaction and the 3,056,363 previously issued and
outstanding shares of Common Stock, Mr. Bills is the beneficial owner of
approximately 74.6% of Registrant's Common Stock and now has the ability to
exercise absolute control over Registrant's affairs.
In connection with the transaction, all the members of the Company's Board
of Directors except Susan A. Schreter resigned, and Mr. Bills and Mr. Ian W.
Rice were elected to Registrant's Board of Directors until their successors are
elected and qualified subject to compliance with Rule 14f-1 of the Securities
and Exchange Act of 1934.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CARING PRODUCTS
INTERNATIONAL, INC.
By: /s/ Susan A. Schreter
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Susan A. Schreter
President
Date: April 3, 2001