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, May 28, 2002. Date of earliest event reported, September 20,
2001
(Exact name of registrant as specified in its charter)
LOCH HARRIS, INC.
State of incorporation IRS Employer Identification Number
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Nevada 87-0418799
8303 N. Mopac, Suite A-101, Austin Texas 78756
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(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: (512-328-7808)
INFORMATION TO BE INCLUDED IN THE REPORT
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ITEM 1. Changes in Control of Registrant.
None
ITEM 2. Acquisition or Disposition of Assets.
Pursuant to a "Notice of Trustee's Sale", dated April 1, 2002 filed
with the County Clerk of Pecos County, Texas, regarding the property addressed
in such notice (See Exhibit 99.16), a foreclosure on such property occurred on
May 7, 2002.
ITEM 3. Bankruptcy or Receivership.
None
ITEM 4. Changes in Registrant's Certifying Accountant.
None. Not applicable
ITEM 5. Other Events.
A lawsuit was filed In The Superior Court Of The State Of Arizona In
And For The County of Maricopa on or about September 20, 2001, Cause No
CV2001-016329, by C.G. Moyer, Plaintiff vs. Loch Harris, Inc., Harris Partners,
Ltd, Dennis Harris, et al alleging contract breach, fraud, conversion,
securities fraud and other matters.
A lien was filed on or about October 30, 2001, in the office of the
County Clerk of Okmulgee County, Oklahoma against certain oil and gas properties
of Loch Harris, Inc. as described in the lien filing. See Exhibit 99.17. Loch
Harris, Inc. has received additional invoices in connection with such property
since the date of such lien which brings the aggregate amount claimed to be owed
to Tarwater Oil & Gas in connection with such property to $339,836.
Pursuant to letters dated November 19, 2001 and January 10, 2002,
Robin N. Gable advised and confirmed the termination of his Independent
Contractor Agreement with ChemTech/PMR effective December 31, 2001 and other
matters. Operations of ChemTech/PMR have ceased. See Exhibit 99.18.
A lawsuit was filed in the District Court of Travis County, Texas,
201st Judicial District, Cause No. GN 200180 by Mary Stasi and Robert Stewart,
derivatively on behalf of Loch Harris, Inc., Plaintiffs vs. Rodney A. Boone,
Mark E. Baker and Charles Blackwell, Defendants and Loch Harris, Inc., Nominal
Defendant alleging gross mismanagement, breach of fiduciary duty and other
matters. See Exhibit 99.19.
An "Agreement Regarding Assumption of Liability" dated March 1, 2002,
was entered into between CDEX, Inc. and Loch Harris, Inc. See Exhibit 99.20.
CitiCorp Vendor Finance has notified AgraTech International, Inc.,
(AgraTech) that approximately $65,750 is claimed to be owed and past due in
connection with certain equipment leased to AgraTech.
Rod Jones, the primary contractor in connection with the solar powered
water pumps, has advised Loch Harris, among other matters, that there are
substantial past due sums of approximately $277,000 claimed to be owed to him
as well as certain suppliers in connection with the solar powered water pumps.
Loch Harris has been notified that a default judgment has been entered
against it in connection with a lawsuit filed in the District Court of Freestone
County, Texas, 87th Judicial District, Cause No. 02-078-B, filed by Ken
Hilzendager, Plaintiff vs. Loch Harris, Inc., and Agritech International as
Defendants which lawsuit, among other matters, alleged breach of contract by
Defendants resulting in Plaintiff being entitled to approximately $74,716 for
services rendered and expenses incurred in connection with the maintenance of
Tuli cattle. The judgment awards Plaintiff all right, title and interest to the
cattle as well as an additional sum of $45,216 plus interest.
Any statements made herein are qualified in their entirety by
reference to the underlying documents.
ITEM 6. Resignations of Registrant's Directors.
None
ITEM 7. Financial Statements and Exhibits.
Exhibits.
Number Document
99.16 Notice of Trustee's Sale of certain property, dated
April 1, 2002 and filed with the County Clerk of Pecos
County, Texas.
99.17 Notice dated October 30, 2001 of Lien filed in Okmulgee
County, Oklahoma.
99.18 Letter dated January 10, 2002 from Robin N. Gable.
99.19 Cause No. GN 200180 filed in the 201st District Court
of Travis County, Texas.
99.20 Agreement Regarding Assumption of Liability dated March
1, 2002 and entered into by CDEX, Inc. and Loch Harris,
Inc.
ITEM 8. Changes in Fiscal Year.
None. Not applicable.
SIGNATURES
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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.
LOCH HARRIS, INC. Registrant
/s/ Rodeney A. Boone /s/ Mark Baker
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Rodney A. Boone, President/ DATE Mark Baker, Secretary / DATE
LOCH HARRIS, INC.
MAY 29, 2002
FORM 8-K PAGE 2