SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): March 18, 2003
CANTERBURY CONSULTING GROUP, INC.
---------------------------------
(Exact name of registrant as specified in its charter)
Pennsylvania 23-2170505
- ------------------------------- -------- -----------------------
(State of Incorporation) (IRS Employer Identification Number)
352 Stokes Road
Suite 200
Medford, New Jersey 08055
(Address of principal executive offices)
Telephone Number: (609) 953-0044
<Page>
ITEM 5. OTHER EVENTS
Employment of the President of its wholly owned subsidiary,
Usertech/Canterbury Corp. has been terminated, and he has been removed as an
officer and director of that subsidiary. Accordingly, the balance of his
employment contract in excess of $700,000 with the subsidiary has been
revoked. The ramifications of this termination have not been fully
determined. Open items are any contest by the former president, as well as
legal action by the Company for possible additional damages following the
completion of an ongoing investigation. The Company does not anticipate, but
there is no assurance, any negative cash flow or financial detriment as a
result of these events.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS AND EXHIBITS
(a) Financial statements of business acquired
Not applicable
(b) Pro forma financial information
Not applicable
(c) Exhibits
Number Description
99 The Company's news release, issued on March 18, 2003,
relating to the termination of subsidiary president
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.
CANTERBURY CONSULTING GROUP, INC.
BY: /s/ Kevin J. McAndrew
----------------------------
Kevin J. McAndrew, President
Dated: March 18, 2003