As filed with the Securities and Exchange Commission on September 3, 2003
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): September 3, 2003
ACTRADE FINANCIAL TECHNOLOGIES LTD.
(Exact name of registrant as specified in its charter)
DELAWARE 0-18711 13-3437739
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
7 PENN PLAZA, SUITE 422, NEW YORK, NY 10001
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 563-1036
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ITEM 5.
OTHER EVENTS AND REGULATION FD DISCLOSURE.
Actrade Financial Technologies Ltd. (the "Company") has received a
letter (the "Letter"), from persons purportedly holding more than twenty percent
(20%) of the Company's outstanding capital stock, calling a special meeting of
the shareholders of the Company and requesting that the Secretary of the Company
fix and notice the date for such a meeting. The purposes specified in the Letter
for the special meeting are to vote on proposals to: (i) remove all of the
existing members of the Board of Directors of the Company and (ii) elect a new
Board of Directors, consisting of individuals proposed by the signatories to the
Letter.
The executive committee of the Board of Directors of the Company will
be meeting in due course to consider what action to take in response to the
Letter.
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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.
ACTRADE FINANCIAL TECHNOLOGIES LTD.
By: /s/ Richard McCormick
-------------------------------
Name: Richard McCormick
Title: Chief Executive Officer
Dated: September 2, 2003