UNITED STATES
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 3, 2006
Basic Services, Inc.
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(Name of Small Business Issuer in its Charter)
Nevada 333-142739 20-8837626
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
9604 Royal Lamb Drive, Las Vegas, Nevada 89145
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(Address of principal executive offices)
(702) 203-8477
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(Issuer's telephone number)
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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 (see General Instruction A.2. below):
[_] 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))
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Item 8.01 Other Events.
The Board of Directors for Basic Services, Inc. announced the declaration of a
special stock dividend through which Basic Services, Inc. will spin off its
wholly-owned subsidiary, Generic Marketing Services, Inc. a Nevada corporation
to its own shareholders, in the same proportion as they own stock in Basic
Services, Inc.
Record shareholders of Basic Services, Inc. as of the close of business on
August 13, 2007, (the "Record Date") will receive one (1) common share, par
value $0.001, of Generic Marketing Services, Inc. common stock for every share
of Basic Services common stock owned. The Generic Marketing Services stock
dividend will be based on 10,873,750 shares of Basic Services common stock that
are issued and outstanding as of the record date. Following the issuance of the
stock dividend, Generic Marketing Services will have 10,873,750 common shares
issued and outstanding. Generic Marketing Services has filed a Registration
Statement on Form SB-2, upon Notice of Effectiveness the stock dividend will be
payable.
Basic Services will retain no ownership in Generic Marketing Services, Inc.
following the issuance of the stock dividend. Further, Generic Marketing
Services will no longer be a subsidiary of Basic Services, Inc. Generic
Marketing Services will be a reporting private company, that has yet to
commence its operations, has no revenues and will be owned by the same
shareholders of Basic Services. Generic Marketing Services will have
different management than Basic Services, Inc.
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.
Basic Services, Inc.
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Registrant
By: /s/ Mark DeStefano
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Name: Mark DeStefano
Title: President/Director
Dated: August 7, 2007
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