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):
December 27, 2007
FUTURA PICTURES, INC.
(Exact name of Registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
333-123611 56-2495218
(Commission File Number) (IRS Employer Identification No.)
17337 Ventura Blvd., Ste. 208 Encino, California 91316
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (818) 784-0040
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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:
[_] 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 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
PRODUCTION AGREEMENT
On December 27, 2007, Futura Pictures, Inc. (the "Registrant") entered
into a Production Agreement (the "Agreement") with the Hathaway Group to develop
and produce a one hour television documentary (the "Project"). The material
terms of the Agreement are: (a) Registrant will receive $150,000 as total
compensation for writing, shooting, producing, editing, and in all respects
completing the Project in accordance with standard television broadcast
specifications; (b) upon signing the Agreement, Registrant will receive the
initial payment of $25,000, with the balance to be paid in accordance with the
Agreement's materials delivery schedule; (c) Registrant shall supervise and be
responsible for the entire production work, and shall arrange and pay for all
materials and labor required to complete the Project; and, (d) Registrant shall
submit a script for the Project no later than March 31, 2008, for review and
approval, and complete the Project no later than December 31, 2008. A copy of
the Agreement is being filed as Exhibit 10.1 to this Current Report.
Registrant commenced production of the Project tentatively entitled,
HISTORY IGNORED. This one hour television program explores the similarities
between Vietnam and the present conflict in Iraq. The Project will examine the
lessons that should have been learned from the Vietnam War which could have been
applied in the decision making process leading up to the current war in Iraq.
The Project further explores why, in both cases, the United States had
overwhelming military power but was unable to turn that into any political
advantage, and the parallels between the two Secretaries of Defense, Robert S
McNamara and Donald H. Rumsfeld each of whom were handed enormous power to
manage these conflicts.
ITEM 5.06 CHANGE IN SHELL COMPANY STATUS
The Registrant was a "shell company" (as such term is defined in Rule
12b-2 under the Securities Exchange Act of 1934, as amended) immediately before
the signing of the above described Agreement. As a result of that transaction,
the Registrant initiated operations necessary to fulfill its obligations
pursuant to the agreement. As a result of that transaction, the Registrant
received the initial payment of $25,000, and has initiated operations necessary
to fulfill its obligations pursuant to the agreement. As a result, Registrant
has determined that these recent developments have caused it to cease being a
shell company. For information about the Agreement, please see the information
set forth above under Item 1.01, and Exhibit 10.1 to this Current Report.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
d) Exhibits
10.1 Production Agreement
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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.
FUTURA PICTURES, INC.,
A Delaware corporation (Registrant)
Date: January 3, 2008
BY: /s/ Buddy Young
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BUDDY YOUNG, Chief Executive
Officer
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