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
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Date of Report (Date of earliest event reported) January 29, 1998
AQUAGENIX, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-24490 65-0419263
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(State or other jurisdiction (Commission (IRS Employer
or incorporation) File Number) Identification No.)
6500 Northwest 15th Avenue, Fort Lauderdale, Florida 33309
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(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (954) 975-7771
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events.
On January 29, 1998, the Company entered into an Amendment to the Amended and
Restated Escrow Agreement, dated November 30, 1998 (the "Amended Escrow
Agreement"). Under the Amended Escrow Agreement, the date which the "Company"
may elect to extend the term of the Stock Purchase Agreement, as amended, was
extended to May 15, 1998. The Company elected to extend the terms of the Stock
Purchase Agreement, as amended, to May 15, 1998, by depositing with the Escrow
Agent sufficient funds to increase the Escrowed Funds to $2,500,000.
On January 29, 1998, the Company entered into an Amendment to the Stock Purchase
Agreement dated January 29, 1998 (the "Amendment") by and between the Company
and Thomas Terry, Jr. ("Terry") to acquire all of the issued and outstanding
stock of Lewis Tree Service, Inc. ("Lewis"). Under the Amendment, the cash
portion of the purchase price shall increase by $6,945 times the number of days,
if any (including the Closing Date), that elapse from March 31, 1998 to the
Closing Date, and shall be reduced by any Cash Bonus Amount (as defined in the
Amendment to Stock Purchase Agreement) paid to employees of Lewis. The stock
portion of the purchase price shall remain the same, provided, however, certain
employees of Lewis shall participate and any shares delivered to such employees
shall be reduced from those delivered to Terry.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
Exhibits
(a) Amendment to Stock Purchase Agreement, dated January 29, 1998
between the Company and Thomas Terry, Jr.
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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.
AQUAGENIX, INC.
By: /s/ Helen Chia
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Helen Chia
Chief Financial Officer
DATED: February 13, 1998
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