UNITED STATES
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 (Date of earliest event reported): May 20, 2004
INTERNATIONAL TRUST & FINANCIAL SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
FLORIDA
(State or other jurisdiction of incorporation or organization)
000-31507 06-1588136
(Commission File Number) (IRS Employer Identification No.
9103 EMMOTT ROAD, BUILDING 6, SUITE A, 77040
HOUSTON TEXAS (Zip Code)
(principal executive offices)
(713) 466-6585
(Registrant's telephone number, including area code)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On May 20, 2004, Wilbert H. Marmion, the President and Chief Executive
Officer of the Registrant, contributed all of his shares of common stock in
Marmion Investments, Inc., a Texas corporation d/b/a Marmion Air Service, to the
Registrant as a contribution to the Registrant's capital. The shares contributed
to the Registrant by Wilbert H. Marmion constitute one hundred percent of the
issued and outstanding shares in Marmion Investments, Inc.
As a result of the capital contribution by Mr. Marmion, Marmion
Investments, Inc. became a wholly-owned subsidiary of the Registrant.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements of Businesses Acquired.
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It is not practicable to file the required historical financial statements
of Marmion Investments, Inc. at this time. Accordingly, pursuant to Item 7(a)(4)
of Form 8-K, the Registrant will file such financial statements under cover of
Form 8-K/A as soon as practicable, but not later than the date required by
applicable law.
(b) Pro forma financial information.
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It is not practicable to file the required pro forma financial information
of Marmion Investments, Inc. at this time. Accordingly, pursuant to Item 7(b)(2)
of Form 8-K, the Registrant will file such pro forma financial information under
cover of Form 8-K/A as soon as practicable, but not later than the date required
by applicable law.
(c) Exhibits.
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None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: May 25, 2004
INTERNATIONAL TRUST AND FINANCIAL
SYSTEMS, INC.
By /s/ Wilbert H. Marmion
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Wilbert H. Marmion, Chief Executive Officer