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) May 25,
2005
Dalrada
Financial Corporation
-
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(Exact
Name of Registrant as Specified in its Charter)
Delaware 0-12641 33-0021693
-
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(State or
Other Jurisdiction (Commission (IRS
Employer
of
Incorporation)
File Number)
Identification No.)
9449
Balboa Avenue, Suite 211, San Diego, CA
92123
-
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(Address
of Principal Executive Offices) (Zip
Code)
Registrant's
telephone number, including area code: (858) 277-5300
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(Former
Name or Former Address, if Changed Since Last Report)
1
Item 2.01
Acquisition or Disposition of Assets
On
December 31, 2004 documents were drafted for the transfer of Dalrada Financial
Corporation’s (“Dalrada”) SOLVIS GROUP, a Michigan corporation (the “Company”)
which includes all of the assets owned or leased by the Company and used in the
business of the Company including, but not limited to Client lists, its
subsidiaries, Vendor lists, Computer lists and/or programs and the liabilities
of the business, to Quik Pix Inc. (“QPIX”), a wholly owned subsidiary of
Dalrada. The terms called for a purchase price of fifteen million sixty-two
thousand and fifty-eight (15,062,058) shares of Quik Pix Inc. common stock,
bearing a 144 restrictive legend in exchange for the Solvis Group. The effective
date of the transfer was May 25, 2005.
Dalrada
Financial Corporation’s ownership interest in Quik Pix Inc. prior to this
transafer was 83%, and that interest percentage as a result of the transfer is
now 84%. The transfer will not have an effect on Dalrada’s consolidated
financial information.
Item
7.
Exhibits
|
Exhibit
No. |
Exhibit |
| |
|
|
10
(aq) |
Stock
Purchase and Sale Agreement |
|
99 |
News
Release |
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 thereunto
duly authorized.
s/ Brian
Bonar Chairman of the Board of Directors, June 2, 2005
-
----------------------- Chief Executive Officer, and
Brian
Bonar (Principal Executive Officer)
/s/
Robert A. Dietrich Director June 2, 2005
-
-----------------------
Robert A.
Dietrich
/s/ Eric
W. Gaer Director June 2, 2005
-
-----------------------
Eric W.
Gaer
/s/
Richard H. Green Director June 2, 2005
-
-----------------------
Richard
H. Green
/s/ Bill
Bramm Director
June 2, 2005
-
-----------------------
Richard
H. Green
/s/ John
Capezzuto Director June 2, 2005
-
-----------------------
Richard
H. Green
2