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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
October 15, 2001 (October 4, 2001)
New Century Equity Holdings Corp.
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(Exact Name of Registrant as Specified in Charter)
Delaware 000-28536 74-2781950
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
10101 Reunion Place, Suite 450, San Antonio, Texas 78216
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (210) 302-0444
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ITEM 5. OTHER EVENTS
On October 4, 2001, the Company received notice from The Nasdaq Stock
Market, Inc. ("Nasdaq") that the minimum bid price and market value of
public float requirements for continued listing on Nasdaq, as required by
Nasdaq Marketplace Rule 4450(a)(5), have been suspended until January 2,
2002. This suspension withdraws the Nasdaq's previous notice to the Company,
dated September 4, 2001, indicating the Company's deficiency with the
requirements.
On October 11, 2001, the Company announced its participation in a
private placement financing with Sharps Compliance Corp. ("Sharps"). The
Company and various other investors purchased a total of 1,100,000 shares of
Sharps' common stock for $1.10 per share (total gross proceeds of $1,210,000).
The Company purchased 700,000 shares of Sharps' common stock for total
consideration of $770,000. Through the 700,000 shares of common stock, the
Company owns approximately 7.1% of the voting securities of Sharps. Mr. Parris
H. Holmes, Jr., Chairman of the Board and CEO of the Company, is also a member
of the Board of Directors of Sharps.
ITEM 7. FINANCIAL INFORMATION, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Information
Not applicable.
(b) Pro Forma Financial Information
Not applicable.
(c) Exhibits
Exhibit Description
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99.1 Press Release, dated October 11, 2001
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has caused this current report to be signed on its behalf by the
undersigned hereunto duly authorized.
NEW CENTURY EQUITY HOLDINGS CORP.
Date: October 15, 2001 By: /s/ DAVID P. TUSA
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Name: David P. Tusa
Title: Senior Vice President,
Chief Financial Officer and
Corporate Secretary
INDEX TO EXHIBITS
Exhibit
Number Description
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99.1 Press Release, dated October 11, 2001