U.S. 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: May 5, 2005
TRANSAX INTERNATIONAL LIMITED
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(Exact Name of Small Business Issuer as Specified in its Charter)
COLORADO
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(State or other Jurisdiction as Specified in Charter)
00-27845 84-1304106
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(Commission file number) (I.R.S. Employer Identification No.)
5201 Blue Lagoon Drive
8th Floor
Miami, Florida 33126
_______________________________
(Address of Principal Executive Offices)
305.629.3090
____________________
(Issuer's telephone number)
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 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
Appointment of Chief Financial Officer
On May 5, 2005, the board of directors of Transax International
Limited, a Colorado corporation (the "Company"), pursuant to written unanimous
consent, appointed Adam Wasserman as the Chief Financial Officer of the Company
effective May 5, 2005.
Mr. Wasserman has over fifteen years of public and private market
experience in financial reporting, accounting, budgeting and planning, mergers
and acquisitions, auditing, automated systems, baking relations, internal
control, and corporate governance. Throughout his career, Mr. Wasserman has
been an integral member of executive management responsible for financial and
accounting. Previously, Mr. Wasserman was an audit manager of American Express
Tax & Business in Ft. Lauderdale, Florida. During his tenure as audit manager,
Mr. Wasserman successfully acted as an outsourced chief financial officer and
advisory to a diversified clientele in the wholesale, technology, distribution,
medical, retain and service industries in both the private and public sectors.
His responsibilities included supervising, training and evaluating senior staff
members, work paper review, auditing, maintaining client relations, preparation
of tax returns and preparation of financial statements and related footnotes.
Mr. Wasserman also has experience with filings under both the Securities Act of
1933, as amended, and the Securities Exchange Act of 1934, as amended,
including initial public offerings, annual reports, and quarterly reports. Mr.
Wasserman was also with Deloitte & Touche, LLP in New York City. Mr.
Wasserman's responsibilities at Deloitte & Touche, LLP included audits of
public and private companies, tax preparation and planning, management
consulting, systems design, staff instruction and recruiting. Mr. Wasserman
holds a Bachelor of Administration from the State University at Albany in
Albany, New York. He is a Certified Public Accountant (New York) and a member
of the American Institute of Certified Public Accountants. Currently, Mr.
Wasserman is also a director and the treasurer of Gold Coast Venture Capital
Club and a former officer of Toastmasters International.
As of the date of this Report, the Company does not have any
contractual arrangements with Mr. Wasserman.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
SIGNATURES
In accordance with 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.
Transax International Limited
Date: May 6, 2005 By:/s/ Stephen Walters
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Stephen Walters
President and Chief Executive Officer