SECURITIES AND EXCHANGE COMMISSION
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) October 4, 2000
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LATIN AMERICAN CASINOS, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 33-43423 65-0159115
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
formation)
2000 N.E. 164TH STREET, NORTH MIAMI, FL 33162
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (305) 945-9300
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(Former name or former address, if changed since last report)
Item 1. Changes in Control of Registrant
According to a public filing with the Securities and Exchange
Commission, (i) Augustine Fund, LP acquired beneficial ownership of 804,806
shares of Common Stock (22%) of the Registrant from the Estate of Lloyd Lyons
(including a contractual right to purchase 325,000 shares of Common Stock on
October 30, 2000), (ii) Devenshire Management Corporation (an entity controlled
by Todd Sanders) acquired beneficial ownership of 539,403 shares of Common Stock
(15%) of the Registrant (including 125,000 publicly traded warrants of the
Registrant). 402,403 of these shares of Common Stock have been acquired from the
Estate of Lloyd Lyons (including a contractual right to purchase 162,500 shares
of Common Stock on October 30, 2000), and (iii) William C. Bossung acquired
beneficial ownership of 539,403 shares of Common Stock of the Registrant (15%)
(including 125,000 publicly traded warrants of the Registrant). 402,403 of these
shares of Common Stock have been acquired from the Estate of Lloyd Lyons
(including a contractual right to purchase 162,500 shares of Common Stock on
October 30, 2000).
Item 5. Other Events
1. The following additions and changes were made to the Board of Directors
of the Registrant:
a. Angel Garcia, Geraldine Lyons, and Jeffrey Felder resigned
from the Board of Directors.
b. Todd Sanders, William Bossung and Michael Iscove were elected
to the Board of Directors.
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2. The following persons were elected and resigned as Officers of the
Company:
a. Jeffrey Felder resigned as Chief Executive Officer.
b. Geraldine Lyons resigned as Chief Financial Officer.
c. Todd Sanders was named Chief Executive Officer.
d. William Bossung was named Chief Operating Officer.
e. Michael Iscove was named Chief Financial Officer.
Signatures:
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed by the undersigned duly
authorized.
Latin American Casinos, Inc.
(Registrant)
10/19/00 /s/ JEFFREY FELDER
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Date Jeffrey Felder, President
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