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 Earliest Event Reported: October 24, 2006 ENVIRONMENTAL SAFEGUARDS, INC. (Exact name of registrant as specified in its charter) Nevada 000-21953 87-0429198 (State or other jurisdiction of (Commission (IRS Employer incorporation or organization) File Number) Identification No.) 5300 North Braeswood, Suite 4-393 Houston, Texas 77096 -------------------- (Address of principal executive offices, including zip code) (713)728-8687 ------------- (Registrant's telephone number, including area code) 2600 South Loop West, Suite 645 Houston, Texas 77054 -------------------- Former Address of principal executive offices ITEM 8.01 OTHER EVENTS On October 24, 2006, we were notified by the Nasdaq Stock Market (the "Nasdaq") that the Nasdaq has now reversed the corporate actions that were incorrectly reported to Nasdaq and effected by Nasdaq on August 15, 2006. As previously reported in our Form 8-K on August 23, 2006, an unauthorized individual filed false documents with the Nevada Secretary of State purporting to change the name of the company, change the name and address of our officers and directors, increase the number of shares of authorized common stock, and effect a reverse stock split. This unknown and unauthorized person subsequently filed these documents with the Nasdaq Stock Market to accomplish an unauthorized change in our stock symbol. The Nasdaq has now posted a notice on its website to reverse the unauthorized corporate actions. Our stock symbol, "ELSF", and previous CUSIP number have been restored. The effects of the purported 1-for-1000 reverse stock split have been reversed and our name, Environmental Safeguards, Inc., has been fully restored on the Nasdaq Stock Market. A copy of the press release related to this matter is attached hereto as Exhibit 99.1. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. 99.1 Press Release dated October 27, 2006 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. ENVIRONMENTAL SAFEGUARDS, INC. /s/ James S. Percell ---------------------------------------- Date: October 26, 2006 By: James S. Percell, President