-----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, WOKhndGjsh0+suAu/tFzq1pdGOh7hYh7kYxxUzuNw6m+johbo2KNibpfIf+ZTN/p NHT4YjLY0AJcsc+9hU8xnQ== 0000950144-98-006918.txt : 20000217 0000950144-98-006918.hdr.sgml : 20000217 ACCESSION NUMBER: 0000950144-98-006918 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980130 ITEM INFORMATION: FILED AS OF DATE: 19980527 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABLE TELCOM HOLDING CORP CENTRAL INDEX KEY: 0000826411 STANDARD INDUSTRIAL CLASSIFICATION: 1731 IRS NUMBER: 650013218 STATE OF INCORPORATION: FL FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-21986 FILM NUMBER: 98632373 BUSINESS ADDRESS: STREET 1: 1601 FORUM PL STREET 2: STE 1110 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 5616880400 MAIL ADDRESS: STREET 1: 1601 FORUM PLACE STREET 2: STE 305 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 FORMER COMPANY: FORMER CONFORMED NAME: DELTA VENTURE FUND INC DATE OF NAME CHANGE: 19890312 8-K 1 ABLE TELCOM HOLDING CORP. FORM 8-K 03/30/98 1 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): JANUARY 30, 1998 ABLE TELCOM HOLDING CORP. ------------------------------------------------------ (Exact name of registrant as specified in its charter) FLORIDA 0-21986 65-0013218 - - ------------------------ ------------------------ --------------------------------- (State of Incorporation) (Commission File Number) (IRS Employer Identification No.)
1601 FORUM PLACE, SUITE 1110, WEST PALM BEACH, FLORIDA 33401 ------------------------------------------------------ ---------- (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code: (561) 688-0400 -------------- ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) 2 ABLE TELCOM HOLDING CORP. FORM 8-K CURRENT REPORT ITEM 5. OTHER EVENTS (a) RELATED-PARTY TRANSACTION In November 1997, a subsidiary of Able Telcom Holding Corp. (the "Company") assumed the obligations of Ten-Ray Utility Construction, Inc. ("Ten-Ray"), a North Carolina corporation, as contractor under two network construction contracts and paid the costs Ten-Ray had accrued under the contracts of approximately $131,000. On January 30, 1998, the Company purchased from Ten-Ray certain construction equipment used in connection with the contracts. The purchase price for the equipment was the satisfaction of Ten-Ray's bank loans secured by the equipment in the amount of $330,188, including principal and interest, which in the opinion of the executives of the subsidiary was not more than the fair market value of the equipment. Billy V. Ray, Jr., then the Company's Chief Financial Officer, beneficially owned approximately 7.7% of the voting stock of Ten-Ray and had personally guaranteed the equipment loans to the bank. (b) SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE Section 16(a) of the Securities Exchange Act of 1934, as amended, requires the Company's directors, executive officers, and persons owning more than 10% of the Company's common stock to file initial reports of ownership and reports of changes in ownership with the Securities and Exchange Commission. Based on its review of the copies of such reports received by it, and in addition to the delinquent filings reported in Amendment No. 1 to the Company's Proxy Statement, as filed with the Commission on March 20, 1998 (File No. 0-21986), Billy V. Ray, Jr. failed to file a Form 3 Statement of Initial Beneficial Ownership after becoming Chief Financial Officer of the Company on June 12, 1997. Mr. Ray is no longer an officer of the Company. 2 3 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. ABLE TELCOM HOLDING CORP. Date: 5/27/98 By: /s/ Frazier L. Gaines ------------------------------------- Frazier L. Gaines President and Chief Executive Officer 3 -----END PRIVACY-ENHANCED MESSAGE-----