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): January 13, 2003
MID-POWER SERVICE CORPORATION
----------------------------------------------------
(Exact name of registrant as specified in its charter)
Nevada 2-85602-D 87-0398403
- ----------------- -------------- -------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
3800 Howard Hughes Parkway
Suite 860A
Las Vegas, Nevada 89109
---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(702) 214-3615
--------------------------------------------------
(Registrant's telephone number, including area code)
- --------------------------------------------------------------------------------
ITEM 5. OTHER EVENTS
- --------------------------------------------------------------------------------
The hearing on Mid-Power Service Corporation's motion in the District
Court of Clark County, Nevada, for a preliminary injunction in its lawsuit
against Edward Mike Davis, a 61% stockholder of the Company, has been
rescheduled by the court, on the court's own motion, to Friday, January 24,
2003. The parties have stipulated to the continued entry of the temporary
restraining order preventing Edward Mike Davis from filing a Confession of
Judgment for approximately $10.2 million against Mid-Power, transferring
properties subject to their Colorado and Wyoming exploration ventures, and
transferring the approximately 17.1 million shares of Mid-Power stock he holds,
pending the hearing. Discussions between the parties have not resulted in
resolution of any of the disputes between them.
Additionally, Mid-Power has been served with a second complaint from
Edward Mike Davis, this one filed in the District Court for the First Judicial
District in Laramie County, Wyoming, seeking a determination that Mid-Power has
breached the Wyoming venture agreement between the parties and thereby forfeited
its rights under that agreement. Mid-Power intends to defend the lawsuit
vigorously and assert all available counterclaims.
This report contains forward-looking statements. Forward-looking
statements are not guarantees of the results of pending litigation, the
availability of required funding, Mid-Power's ability to generate substantial
revenues, or Mid-Power's ability to continue. Forward-looking statements are
subject to risks and uncertainties outside Mid-Power's control. Actual events or
results may differ materially from the forward-looking statements. For a
discussion of additional contingencies and uncertainties to which information
respecting future events is subject, see Mid-Power's 2002 annual report on Form
10-KSB, as amended, and other SEC reports.
2
- --------------------------------------------------------------------------------
SIGNATURES
- --------------------------------------------------------------------------------
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.
MID-POWER SERVICE CORPORATION
Dated: January 17, 2003 By: /s/ James W. Scott
-----------------------------
James W. Scott, President
3