-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RFh6+1BhX3IlwA2BJ2OSB3UopEquhWgAkEP9aG3vlcUmu+iV1pmrcCr7T0S7ZXQD rFZF7FOu/Pp8BbztiIWz6Q== 0001038838-02-000977.txt : 20021216 0001038838-02-000977.hdr.sgml : 20021216 20021213184127 ACCESSION NUMBER: 0001038838-02-000977 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021210 ITEM INFORMATION: Other events FILED AS OF DATE: 20021216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MID POWER SERVICE CORP CENTRAL INDEX KEY: 0000725395 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 870398403 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-85602-D FILM NUMBER: 02857721 BUSINESS ADDRESS: STREET 1: 3800 HOWARD HUGHES PARKWAY, SUITE 860A CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 702-319-7153 MAIL ADDRESS: STREET 1: 3800 HOWARD HUGHES PARKWAY, SUITE 860A CITY: LAS VEGAS STATE: NV ZIP: 89109 FORMER COMPANY: FORMER CONFORMED NAME: CAPLAN CORP DATE OF NAME CHANGE: 19920703 8-K 1 form8k121002.txt 8-K DATED DECEMBER 10, 2002 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): December 10, 2002 MID-POWER SERVICE CORPORATION ---------------------------------------------------- (Exact name of registrant as specified in its charter) Nevada 2-85602-D 87-0398403 - ----------------- ------------- -------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 3800 Howard Hughes Parkway Suite 860A Las Vegas, Nevada 89109 - ------------------------------------------ ----------- (Address of principal executive offices) (Zip Code) (702) 214-3615 ---------------------------------------------------- (Registrant's telephone number, including area code) - -------------------------------------------------------------------------------- ITEM 5. OTHER EVENTS - -------------------------------------------------------------------------------- Payment Due December 10, 2002 Mid-Power Service Corporation (the "Company") did not deposit $10,000,000 into escrow on December 10, 2002, as required by the terms of the promissory note issued to Edward Mike Davis in connection with the June 2002 acquisition of the Clear Creek property, which was effected by merging the Company's wholly-owned subsidiary into Red Star, Inc., which then owned the Clear Creek property. Pursuant to the note, the Company was required to deposit the $10,000,000 into escrow by December 10, 2002, so that the escrowed amount could be delivered to Mr. Davis on January 3, 2003. At the time of executing the note, the Company executed and delivered to Mr. Davis a judgment by confession. The judgment by confession provides that, in the event the $10,000,000, together with interest as calculated in accordance with the note, due Mr. Davis is not received by him on or before January 3, 2003, Davis shall be entitled to obtain a judgment by confession against the Company and to proceed to seek satisfaction of the judgment as provided by law. Colorado and Wyoming Ventures The Company executed agreements with Edward Mike Davis in September and October 2002 to earn a 35% working interest, equivalent to a 28% net revenue interest, in oil and gas ventures in Washington County, Colorado and Laramie County, Wyoming. Recently, Mr. Davis has asserted that we are in default on our Colorado and Wyoming venture agreements based on a claimed failure to provide required funding and that such defaults result in a forfeiture of our rights under those agreements. The Company disagrees with the positions asserted by Mr. Davis. - -------------------------------------------------------------------------------- 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. MID-POWER SERVICE CORPORATION Dated: December 13, 2002 By: /s/ Rodney W. Lighthipe ------------------------------------ Rodney W. Lighthipe, Vice-President 2 -----END PRIVACY-ENHANCED MESSAGE-----