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) June 1, 2007
Jupiter Marine International Holdings, Inc.
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(Exact name of registrant as specified in its charter)
Florida 0-26617 65-0794113
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1303 10th Street East
Palmetto, Florida 34221
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (941) 729-5000
3391 S.E. 14th Avenue, Port Everglades, Florida 33316
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
Effective June 1, 2007, the Company terminated its lease of its
executive offices and manufacturing plant located in Port Everglades, Florida.
Effective June 1, 2007 the Company's executive offices and manufacturing
operations are exclusively located in Palmetto, Florida. The Company's new
executive offices are located at 1303 10th Street East, Palmetto, Florida. The
executive offices are leased under a two year agreement at approximately $4,491
per month, with a one year option to renew at approximately $4,626 per month.
All manufacturing operations have been consolidated under the Company's existing
Palmetto facility. These facilities have sufficient capacity to maintain the
Company's current operations. In connection with the termination of the Port
Everglades lease, the Company discovered soil contamination within the Port
Everglades property. The Company is responsible for the environmental clean up
costs of the contaminated soil. On the basis of preliminary testing, the Company
believes the total cost of the clean up will be approximately $225,000. However,
the final cost can not be determined until additional tests are completed.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: June 1, 2007 JUPITER MARINE INTERNATIONAL HOLDINGS, INC.
BY: /s/ CARL HERNDON
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Carl Herndon, Chief Executive Officer
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