SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Amendment to Application or Report filed
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: July 30, 2003
Accesspoint Corporation
(Exact name of registrant as specified in its charter)
Nevada 000-29217 95-4721385
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
6171 W. Century Blvd. Suite 200 LA, CA 90045
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 846-2500
Not Applicable
(Former name or former address, if changed since last report.)
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Item 1. Changes in Control of Registrant
None.
Item 2. Acquisition or Disposition of Assets
None.
Item 3. Bankruptcy or Receivership
None.
Item 4. Changes in Accountants
None.
Item 5. Other Events and Regulation FD Disclosure
On July 25, 2003, Judge Choate of the Orange County Superior Court ruled in
favor of the registrant's motion to continually stay proceedings in the Bentley
v. Barber, et. al., shareholder derivative action pending ruling on the motion
for summary judgment to dismiss the same matter.
Also on July 25, 2003, the registrant was served with a complaint for
declaratory relief filed by Access Holding Limited Partnership and Tom Djokovich
("plaintiffs") against Accesspoint Corporation and Net Integrated Systems,
Limited ("defendants") seeking immediate delivery to plaintiffs of those certain
restricted common shares of the registrant which the plaintiffs transferred to
Net Integrated Systems, Limited in consideration for the extension of a Secured
Revolving Line of Credit. The registrant believes the complaint has no basis in
fact, is without merit and intends to defend itself vigorously. The registrant
has not filed a response as of this date.
Access Holdings Limited Partnership benefits Maryann and James Bentley, former
officers and directors of the registrant. Tom Djokovich is former President,
Chief Executive Officer and director of the registrant. William R. Barber, named
defendant in the Bentley v. Barber matter, is a shareholder in Net Integrated
Systems, Limited and is the former President and Chief Executive Officer of the
registrant. Mr. Barber is a director of the registrant at this time.
Item 6. Resignation of Directors
None.
Item 7. Financial Statements Pro Forma Financial & Exhibits
None.
Item 8. Changes In Fiscal Year
None.
Item 9. Regulation FD Disclosures
See Items 1, 5 and 6, above.
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.
Date: July 30, 2003 Accesspoint Corporation
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By: /s/ Becky Takeda
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Becky Takeda
Chief Executive Officer, President
A. EXHIBITS
None.