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) April
10, 2008
SKYE
INTERNATIONAL, INC.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-27549
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88-0362112
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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7701 E. Gray Rd., Suite 4
Scottsdale AZ 85260
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code (480) 993-2300
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 (see General Instruction A.2. below):
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
1
ITEM
3.02 UNREGISTERED
SALES OF EQUITY SECURITIES
On April
10, 2008, the Registrant increased its issued and outstanding shares by 42.14%
by way of the issuance of 12,612,545 shares of common stock as
follows:
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·
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150,000
common shares were issued to each Director as compensation for services as
a Director for the period from January 1, 2008 through March 31, 2008 for
a total of 750,000 common shares.
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·
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103,545
common shares were issued to third parties in exchange for services valued
at $20,709.
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·
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11,759,000
were issued to Perry Logan, Wesley Sprunk and entities controlled by Ted
Marek in exchange for cash of $940,720 representing $0.08 per common
share. Messrs. Logan and Marek are officers and directors of
the Registrant and Mr. Sprunk is a director of the
Registrant.
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After
giving effect to the issuance of such 12,612,545 common shares, the Registrant
now has 42,539,797outstanding common shares as of the date of this
Report.
The
Registrant believes the issuance of the shares are exempt from the registration
and prospectus delivery requirement of the Securities Act of 1933 by virtue of
Section 4(2). The shares were issued directly by the Registrant and did not
involve a public offering or general solicitation. The recipients of the shares
were afforded an opportunity for effective access to files and records of the
Registrant that contained the relevant information needed to make an investment
decision, including the Registrant’s financial statements and reports filed
under the Securities Exchange Act of 1934. The Registrant reasonably believes
that the recipients had such knowledge and experience in its financial and
business matters and that each was capable of evaluating the merits and risks of
making such an investment. Each non-related party recipient had the opportunity
to speak with the Registrant’s management on several occasions prior to making
an investment decision.
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.
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SKYE
INTERNATIONAL, INC
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Date: April
12, 2008
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By:
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/s/ Thaddeus (Ted) F.
Marek
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Name: Thaddeus
(Ted) F. Marek
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Title: Secretary
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