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): February 15, 2002
EMERGISOFT HOLDING, INC.
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(Exact name of registrant as specified in its charter)
NEVADA
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(State or other jurisdiction of incorporation)
33-30743 84-1121360
______________________ ____________________________
(Commission File Number) (IRS Employer Identification No.)
2225 Avenue J
Arlington, Texas 76006
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(Address of principal executive offices) (Zip code)
(Registrant's telephone number, including area code): (817) 633-6665
N/A
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(Former name or former address, if changed since last report)
ITEM 5. Other Events
Berlwood Five, Ltd., a current shareholder of ours, made an additional
$2,000,000 equity investment in us on February 15, 2002. Berlwood received
75,000,000 newly issued shares of our common stock in the transaction. It used
private funds to pay the consideration for the shares. We have the right, but
not the obligation, to repurchase all or any portion of the 75,000,000 shares at
a repurchase price per share of $.06, exercisable at any time prior to
October 24, 2002. On or after October 24, 2002, we have the right, but not the
obligation, to repurchase all or any portion of the 75,000,000 shares at a
repurchase price per share of $.12, exercisable at any time prior to February
15, 2003.
The share issuance to Berlwood increases the total number of our issued and
outstanding shares of common stock from 124,097,069 to 199,097,069, and
increases Berlwood's percentage ownership interest in our outstanding shares of
capital stock from 73.14% to 83.26%.
SIGNATURE
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 thereunto duly authorized.
Date: February 26, 2002 EMERGISOFT HOLDING, INC.
(Registrant)
By: /s/ Dan Witte
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Dan Witte, President and Chief
Executive Officer
EXHIBIT INDEX
Exhibit No. Description
4.1 Investment Letter and Grant of Repurchase Right,
dated February 15, 2002.
99.1 Press Release dated February 20, 2002.