Turbodyne Technologies, Inc - Current report filing (8-K)
21 March 2008 - 11:04PM
Edgar (US Regulatory)
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
March 10, 2008 Date of Report (Date of earliest event reported)
TURBODYNE TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
NEVADA 000-21391 95-4699061
------ --------- ----------
(State or other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification No.)
|
36 East Barnett Street
Ventura, California 93001
(Address of principal executive offices) (Zip Code)
(805) 201 3133
Registrant's telephone number, including area code
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 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
The holders of a total of $1,251,000 principal amount of convertible notes of
the Company have converted the principal and interest of such notes into 150,
576, 948 shares of common stock of the Company. Such conversions were made
pursuant to Section 3a(9) of the Securities Act of 1933 and are exempt from the
registration requirements under that act.
ITEM 5.02 DEPARTURE OF DIRECTOR OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
(b) As of March 14, 2008 the Company accepted the resignation of Anthony Barclae
who resigned as a director of the Company for health reasons.
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.
Date: March 20, 2008
BY: /S/ John Adams
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Chief Executive Officer and President
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