Current Report Filing (8-k)
February 08 2019 - 11:49AM
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
----------------------------------------------
Date
of Report (Date of earliest event reported):
February 6, 2019
REDHAWK
HOLDINGS CORP.
(Exact
name of registrant as specified in its charter)
Nevada
(State
or other jurisdiction of incorporation)
000-54323
(Commission
file number),
20-3866475
(I.R.S.
Employer Identification No.)
120
Rue Beauregard, Suite 206, Louisiana 70508
(Address
of principal executive offices) (Zip Code)
|
(337)
269-5933
(Company's
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
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
8.01 OTHER EVENTS
.
On
February 6, 2019, RedHawk Holdings Corp. (the “Company”) agreed to the terms of a settlement of a lawsuit,
RedHawk
Holdings Corp., et.al. v. Daniel J. Schreiber and Schreiber Living Trust – DTD 02/08/95,
filed in the United States
District Court, Eastern District of Louisiana (Case 2:15-cv-00819), filed on or about January 31, 2017. The settlement, which
is subject to final documentation and other terms and conditions, provides for the transfer of approximately 52.4 million shares
of the Company’s common stock currently held by the Schreiber Living Trust – DTD 02/08/95 to the Company in exchange
for the payment of $250,000 at closing, a $200,000 promissory note payable 18 months after closing, and a $200,000 promissory
note payable 30 months after closing (collectively referred to herein as the “Promissory Notes”) and the dismissal
of all claims and counter-claims against the parties in the suit. The Promissory Notes are secured with certain assets of an officer
and director of the Company and at any time within 180 days after closing, the Promissory Notes can be paid in their entirety
for $300,000.
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: February
8, 2019
|
RedHawk
Holdings Corp.
|
|
By:
|
/s/ G.
Darcy Klug
|
|
Name:
|
G. Darcy Klug
|
|
Title:
|
Chief Financial
Officer
|