sec document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): July 25, 2006
New Century Equity Holdings Corp.
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(Exact Name of Registrant as Specified in Charter)
Delaware 000-28536 74-2781950
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
300 Crescent Court, Suite 1110, Dallas, Texas 75201
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (214) 661-7488
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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):
|_| Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01. OTHER EVENTS.
On July 25, 2006, the Issuer issued a press release announcing that the
Delaware Chancery Court's order approving the agreement with all of the parties
to the lawsuit filed by Craig Davis (the "Lawsuit"), which agreement settled the
Lawsuit and all claims relating thereto, became final and non-appealable as of
July 25, 2006. The time for appeal of the court's order expired on Monday, July
24, 2006.
The press release also disclosed that the board of directors of the
Issuer set July 28, 2006 as the record date for determining which shareholders
will be entitled to participate in a distribution of the settlement fund (after
payment of certain legal fees and expenses) established in accordance with the
terms of the settlement of the Lawsuit. Shareholders of record as of July 28
will receive the distribution. The payment date and per share amount of the
distribution will be finalized following the actual funding of the settlement
fund. Payment of the distribution is expected to be made on August 11, 2006 or a
date as soon thereafter as practicable.
A copy of the press release is attached as an exhibit hereto.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
EXHIBIT NUMBER DESCRIPTION
99.1 Press Release, dated July 25, 2006.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this current report to be signed on its behalf by
the undersigned hereunto duly authorized.
NEW CENTURY EQUITY HOLDINGS CORP.
Date: July 26, 2006 By: /s/ John P. Murray
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Name: John P. Murray
Title: Chief Financial Officer