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 of1934 Date of Report: December 16, 1996 COMMISSION FILE NUMBER: 0-19064 NEMDACO, INC. ---------------------------------------------------- Exact name of Registrant as specified in its charter Colorado 84-1027731 -------- ---------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 9 Buckskin Road, Bell Canyon, California 91307 Address of principal executive offices Zip Code Registrant's telephone number, including area code: (818) 884-4770 Former name, former address and former fiscal year, if changed since last report: ITEM 1: NOTICE REGARDING ACQUISITION of all of the ASSETS OF HYDROPONIX, INC. The Company advises that it has entered into an agreement with Hydroponix, Inc., a Puerto Rican corporation to acquire all it's assets. The Company is forming a new Subsidiary, a Nevada Corporation, that will be the Buyer of the assets. The purchase price is 3,000,000 shares of the to be formed Subsidiary. Current management of Hydroponix, Inc., will continue to operate the Company. Jeff Bender will be a member of the Subsidiary's Board of Directors along with Robert Manning and David Duty the Founders of Hydroponix, Inc. Further, under the terms of the Agreement the Company has no obligation to provide any financial support for the new Subsidiary or the on going operations of the Subsidiary after the close of the proposed transaction. The Company will provide management support and will aid in the negotiations with the Government of Puerto Rico for grants, loans, tax incentives and other financial programs that are offered by said Government. SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereto duly authorized. NEMDACO, INC. (Registrant) /S/ Jeff Bender By: Jeff Bender Chairman of the Board of Directors Date: December 16, 1996