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) March 14, 2005
Alliance Distributors Holding Inc.
(Exact name of Registrant as Specified in Charter)
Delaware 000-32319 33-0851302
(State of other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
15-15 132nd St., College Point, New York
(Address of Principal Executive Offices)
11356
(Zip Code)
Registrant's Telephone Number, Including Area Code: 718-747-1500
N/A
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation to the registrant under any of the
following provisions:
|_| 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 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Directors of the Company receive $1,500 director's fees for each of four
regularly scheduled meetings during each year.
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.
On March 14, 2005, Steven H. Nathan was elected to the Board of Directors.
The Company granted to Mr. Nathan, upon his appointment to the Board, 150,000
options under the Company's Alliance Distributors Holding Inc. 2004 Stock Plan.
The options are ten-year non-qualified options to purchase the Company's common
stock at an exercise price of $0.320 per share and vest and become exercisable
in 12 equal quarterly installments beginning on April 1, 2005.The options were
granted in reliance on the exemption from registration provided by Section 4(2)
of the Securities Act of 1933, as amended.
Mr. Nathan was also appointed as Chairman of the Company's Audit
Committee.
ITEM 5.05 AMENDMENTS TO THE REGISTRANT'S CODE OF ETHICS, OR WAIVER OF A
PROVISION OF THE CODE OF ETHICS
On March 14, 2005, the Board of Directors adopted a Code of Ethics in the form
attached as an exhibit hereto.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit No. Description
14 Code of Ethics
99.01 Press Release dated March 16, 2005
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.
Dated: March 16, 2005
ALLIANCE DISTRIBUTORS HOLDING INC.
By: /s/ Jay Gelman
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Name: Jay Gelman
Title: Chairman of the Board
EXHIBIT INDEX
Exhibit No. Description
14 Code of Ethics
99.01 Press Release dated March 16, 2005