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 18, 2003
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DRACO HOLDING CORPORATION
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(Exact name of registrant as specified in its charter)
Nevada 033-02441-D 87-0638750
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(State of (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
c/o Jump n' Jax, Inc.
511 East St. George Boulevard, Suite No. 3, St. George, Utah 84770
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(Address of principal executive offices)
(801) 209-0545
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
Item 5. Other Events.
On December 18, 2003, the Board of Directors of Draco Holding Corporation
("Draco") approved a reverse split of Draco's authorized shares of common
stock, both issued and unissued shares, on a 1 for 25 shares basis (the
"Reverse Split"). The Reverse Split shall occur at 8:00 a.m. Eastern Time on
December 29, 2003 (the "Effective Date").
There are currently 500,000,000 shares of Draco's common stock authorized, of
which 18,934,751 shares are presently issued and outstanding. The remaining
authorized shares are unissued. Immediately after effecting the 1 for 25
Reverse Split of Draco's common stock, Draco will then have a total of
20,000,000 shares of its common stock authorized, of which approximately
757,390 shares shall be issued and outstanding. The remaining authorized
shares shall be unissued as of the Effective Date. No fractional shares will
be issued in the Reverse Split. Instead, fractional shares shall be rounded
up to the nearest whole share. The par value of Draco's common stock shall
remain unchanged at $0.001 per share.
Draco must file an Amendment to its Articles of Incorporation with the Nevada
Secretary of State's office giving effect to the Reverse Split on or prior to
the Effective Date. No other conditions must be satisfied and no governmental
approvals must be secured for the Reverse Split to be effected.
Draco has agreed to pay the cost of exchanging stock certificates representing
pre-Reverse Split shares for stock certificates representing post-Reverse
Split shares, on a 1 for 1 stock certificate basis, for all pre-Reverse Split
stock certificates submitted to the stock transfer agent for Draco's common
stock, for exchange, on or before Friday, January 30, 2004. The name and
address of the stock transfer agent for Draco's common stock is OTC Stock
Transfer, Inc., 231 East 2100 South, Salt Lake City, Utah 84115.
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.
DRACO HOLDING CORPORATION
(Registrant)
Date: December 18, 2003 By: /s/ Lane S. Clissold
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Lane S. Clissold
President, Chief Executive Officer
and Director