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): OCTOBER 16, 1997
FROST HANNA CAPITAL GROUP, INC.
327 PLAZA REAL, SUITE 319, BOCA RATON, FLORIDA 33432
561-367-1079
Incorporation under the laws of the Commission File Number I.R.S. Employer Identification Number
STATE OF FLORIDA 6799 65-0701248
ITEM 5. OTHER EVENTS.
On October 16, 1997, Frost Hanna Capital Group, Inc. (the "Company")
consummated an initial public offering (the "Offering") of, 1,100,202 shares
(the "Shares") of Common Stock, par value $.0001 per share ("Common Stock"). The
Shares were sold at an offering price of $6.00 per Share. Community Investment
Services, Inc. (the "Representative"), acted as the representative of the
underwriters of the Offering. In accordance with the terms of the Underwriting
Agreement dated September 22, 1997, between the Company and the Representative,
the Representative was paid 9% of the gross proceeds for commissions and
discounts and 2% of the gross proceeds for its non-accountable expense
allowance. As of June 30, 1997, the Company had total assets of $210,981. An
audited balance sheet as of October 17, 1997 reflecting the consummation of the
Offering is attached as an exhibit hereto.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS.
(c) Exhibits.
99.1 Audited Balance Sheet.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Company has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
FROST HANNA CAPITAL GROUP, INC.
By: /S/ MARK J. HANNA
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Mark J. Hanna, President
Dated: October 24, 1997
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EXHIBIT INDEX
Exhibit
Number Description Page
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99.1 Audited Balance Sheet F-1
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