UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT No. 3
SCHEDULE 13D
Under the Securities Exchange Act of 1934
eAutoclaims, Inc.
(Name of Issuer)
Common Stock, $0.001 par value
(Title of Class of Securities)
278578
(CUSIP Number)
Christopher G. Korge
Korge & Korge
230 Palermo Avenue
Coral Gables, FL 33134
(305) 444-5630
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 31, 2005 and January
31, 2006 (Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
Schedule because of 240.13d1 (e), 240.13d-1 (f) or 240.13d-1 (g), check the
following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See 240.13d-7 for other parties
To whom copies are to be sent.
* The remainder of this cover page shall be filled out for a Reporting Person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("ACT") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No 278578
1. Name of Reporting Person
Christopher G. Korge
I.R.S. Identification No. of Above Person
2. Check the appropriate Box if a Member of a Group
(a) [ ] (b) [ X ]
3. SEC Use Only
4. Source of Funds
PF
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items
2 (d) or 2 (e)
[ ]
6. Citizenship or Place of Organization
U.S.A.
Number of Shares Beneficially Owned By Each Reporting Person With
7. Sole Voting Power
Reporting person has voting and dispositive power over 5,911,763 shares of
Common Stock.
8. Shared Voting Power
0
9. Sole Dispositive Power
See Item 7 above.
10. Shared Dispositive Power
0
11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,911,763 Shares of Common Stock
12. Check Box if the Aggregate Amount in row (11) Excludes Certain Shares
[ ]
13. Percent of Class Represented by Amount in Row (11)
8.6% of the voting power of all equity securities of the Issuer (Based on
66,637,721 shares of Common Stock issued and outstanding as of January 31,
2006).
14. Type of Reporting Person
IN
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of Common Stock, par value $0.001 per share, of
eAutoclaims, Inc., a Nevada corporation (the "Issuer") having its principal
executive offices at 110 East Douglas Road, Oldsmar, Florida 34677.
ITEM 2. IDENTITY AND BACKGROUND.
This Statement is filed by the following person ("Reporting Person"):
(a) Name: Christopher G. Korge
(b) Business Address: c/o Korge & Korge, 230 Palermo Avenue, Coral
Gables, FL 33134
(c) Principal occupation: Attorney
(d) During the last five years, the Reporting Person has not (i) been
convicted in a criminal proceeding, or (ii) been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, Federal or State
securities laws or finding any violation with respect to such laws.
(e) During the last five years, the Reporting Person has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect
to such laws.
(f) USA
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Personal funds
ITEM 4. PURPOSE OF TRANSACTION.
This Reporting Person acquired his interest in the Issuer solely for investment
purposes.
The Reporting Person has no present plans or proposals that relate to or that
would result in any of the following actions:
1. The acquisition by and person of additional securities of the Issuer,
or the disposition of securities of the Issurer;
2. An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
3. A sale of transfer of a material amount of assets of the Issuer or any
of its subsidiaries;
4. Any material change in the present capitalization or dividend policy
of the Issuer;
5. Any other material change in the Issuer's business or corporate
structure;
6. Changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control
of the Issuer by and person;
7. Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national
securities association;
8. A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g) (4) of the Act;
or
9. Any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Mr. Korge's ownership consists of (i) 488,090 common shares relating to the
Conversion of $300,000 of our convertible debentures, which matured on September
30, 2001 at a conversion price of $0.63, (ii) 504,716 shares issued to him for
his service on the board, (iii) 15,000 shares that he purchased on the open
market, (iv) 107,527 shares purchased from the Company in August 2003, (v)
warrants to acquire up to 1,000,000 shares of our Common Stock at a conversion
price of $0.16 in connection with the issuance of our convertible debentures in
2001, (vi) warrants to acquire up to 892,857 shares of our Common Stock at
conversion price of $0.16 in connection with the issuance of our convertible
debentures in 2004 (vii) 892,857 shares converted from the convertible
debentures purchased on 4/23/04, (viii) 892,858 shares of Common Stock and
892,858 warrants to purchase additional shares of Common Stock with an exercise
price of $ 0.16 pershare issued to Mr. Korge because the Company did not hit
certain claims targets as specified in the terms of his 2004 investment, and
(ix) options to acquire 225,000 shares at exercise prices between $0.13 and
$1.91 for services as a director. This amount excludes unvested options to
acquire up to 50,000 shares of Common Stock at exercise prices of $0.14 to
$0.30, which vest through January 31, 2007.
(b) The Reporting Person has the sole power to vote and to dispose of all shares
of the Common Stock of the Issuer owned by him or it directly.
(c) During March through May 2004, the Issuer sold a total of 8,111,572 Units at
an offering price of $ .28 per Unit. Each Unit consists of one (1) share of
Common Stock and one Common Stock purchase warrant exercisable at $ .35 per
share, subject to adjustment. Subsequent to completion of the Unit offering, the
placement agent reviewed certain agreements between the Reporting Person and the
issuer. Upon completion of this review, the placement agent determined that the
terms of such agreements were more favorable to Mr. Korge than the agreements
between the Issuer and the Unit holders. The placement agent requested that
these agreements be restructured to be consistent with the arrangements between
the Issuer and purchasers of Units. Mr. Korge agreed to do so, subject to
approval of the Issuer's Board of Directors, which approval was granted by
Special Written Action of Directors in June 2004. The restructuring involved the
(i) exchange by Mr. Korge of a $250,000 Convertible Debenture, for Units on the
same terms purchased by investors in the Unit offering and (ii) repricing of
1,000,000 Common Stock Purchase Warrants from $0.315 per share to $0.35 per
share, which were subsequently adjusted to $ 0.16 per share as approved by the
Company's Board of Directors on November 8, 2005 in order to match the strike
Price of other investor's warrants issued under the anti-dilution provisions of
their Agreements.. As a result of the exchange of the $250,000 Convertible
Debenture for Units, Mr. Korge was issued 892,857 shares of Common Stock and a
like number of Common Stock purchase warrants exercisable at $0.35 per share.
The 892,857 warrants to purchase common shares were adjusted from a exercise
price of $0.35 to $0.16 on January 27, 2005 as a result of anti-diluton
provisions that we triggered by a subsequent equity raise by eAutoclaims.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Other than as described in Item 5 above, there are no contracts,
arrangements, understandings of relationships (legal or otherwise)
between the Reporting Person and any other person with respect to any
securities of the Issuer, including but not limited to, transfer or
voting of any of the securities of the issuer, finder's fees, joint
ventures, loan or option arrangement, puts or calls, guarantees of
profits, division of profits or loss, or the giving or withholding of
proxies, or a pledge or contingency the occurrence of which would give
another person voting power or investment power over the securities of
the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
That the information set forth in this statement is true, complete and correct.
Date: February 13, 2006
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/s/ Christopher G. Korge
Christopher G. Korge