SECURITIES AND EXCHANGE COMMISION 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 - March 23, 2005 SYSTEMS MANAGEMENT SOLUTIONS, INC. (Exact Name of Registrant as Specified in its Charter) NEVADA (State or Other Jurisdiction of Incorporation) 333-45210 88-0460457 (Commission File Number) (IRS Employer Identification Number) 7550 IH-10 West, 14th Floor San Antonio, Texas 78229 (Address of Principal Executive Offices and Zip Code) 210-541-7133 (Registrant's Telephone Number, Including Area Code) ITEM 8.01. OTHER EVENTS. On March 22, 2005, the Board of Directors of the Registrant voted to reduce the number of shares outstanding of the Registrant's $0.0001 par value common stock by reverse split to exchange one (1) new share for each two and one half (2 1/2) old shares. Any fractional shares created by this reverse split shall be truncated to the nearest whole share and no cash will be paid for any such fractional share. 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 duly authorized undersigned. SYSTEMS MANAGEMENT SOLUTION, INC. (Registrant) By: /s/ James Karlak ------------------------------------ Date: March 23, 2005 President, Chairman of the Board and CEO