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) August 1, 2003
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AGTSPORTS, INC.
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(Exact name of registrant as specified in its charter)
Colorado 0-21914 84-1022287
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(State of incorporation) (Commission File Number) (IRS Employer ID number)
7255 E. Quincy Avenue, Suite 550, Denver, CO 80237
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(Address of principal executive office) (Zip code)
(303) 758-5570
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(Registrant's telephone number, including area code)
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FORM 8-K
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Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Item 1. Changes in Control of Registrant.
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On August 1, 2003, Randy Mullins, 50, of Houston, Texas, entered into an
employment agreement to serve the Company as its Chairman and Chief Executive
Officer for a term of three years at $72,000 per year. In connection with the
employment agreement, the Board of Directors issued Randy Mullins 500,000 shares
of Series 2003A Preferred Stock, $0.001 par value, designated with 125 votes per
share and representing 62,500,000 votes or approximately 54% of the outstanding
voting shares of the Company. The Series 2003A Preferred Stock is entitled to
vote on all shareholder matters at any meeting of the shareholders of the
Company.
Item 5. Other Events and Regulation FD Disclosure.
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a. On August 1, 2003, Cory Coppage resigned as the Company's Chief Executive
Officer. On August 1, 2003, Randy Mullins was appointed as a Board member
filling a vacancy on the Board of Directors and was also elected to serve as the
Company's Chief Executive Officer. Mr. Mullins, C.P.A., has over twenty years
of business and financial management experience working with private and public
companies. Randy Mullins joins Cory Coppage on the Board of Directors. Mr.
Mullins will serve until the next annual meeting of the shareholders, the date
of which is yet to be determined, at which time he may stand for re-election
upon vote by the shareholders of the Company.
b. Resignation of Joe Lee, Director, and James K. Kreutz, Director. On July
31, 2003, the Company accepted the resignations of Joe Lee and James K. Kreutz
as members of its Board of Directors. In connection with their resignations, Mr.
Lee and Mr. Kreutz did not express any disagreement with the Company on any
matter relating to the Company's operations, policies or practices.
c. On August 1, 2003, the Company amended its Articles of Incorporation to
authorize 500,000 shares of Series 2003A Preferred Stock. A copy of the
Articles of Amendment is attached hereto as an exhibit.
Item 7. Financial Statements and Exhibits.
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c. Exhibits
3.1 Articles of Amendment to Articles of Incorporation
10.1 Employment Agreement with Randy Mullins
SIGNATURES
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Pursuant to the requirements of Section 13 or 15(d) 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 on this 6th day of
August, 2003.
By: /s/ Cory J. Coppage
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Cory J. Coppage
President and Secretary
Dated: August 6, 2003