FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report: April 03, 2008
(Date of earliest event report)
American Capital Holdings, Inc.
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(Exact name of Registrant as specified in its charter)
Florida 65-0895564
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(State or other jurisdiction (IRS Employer
of incorporation) Identification No.)
000-50776
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(Commission File No.)
1016 Clemmons Street
Suite 302
Jupiter, FL 33477-3305
561-745-6789
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(Address and Telephone Number of Principal Executive Offices)
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(Former name or former address, if changed since last report)
Barney A. Richmond
1016 Clemmons St. Suite 302
Jupiter, FL 33477
561-880-0004
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(Name, Address and Telephone Number of Agent for Service)
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 8.01. Other Events and Required FD Disclosure
On March 31, 2008 Joint Plan Proponent American Capital Holdings, Inc. and
Debtor, eCom eCom.com, Inc. ("Proponents") received a March 28, 2008 United
States Southern District of Florida Bankruptcy Court Order Granting Debtor-In-
Possession's Motion For Final Decree Closing Case (C.P. #361) and Final Decree
(See Exhibits 1 and 2) issued by the Honorable Paul G. Hyman, Jr. which closed
eCom's successful Plan of Reorganization in re: Case No. 04-35435-BKC-PGH.
In accordance with American Capital Holdings, Inc's August 22, 2006 8-K filing
American Capital Holdings, Inc. plans to distribute the Twenty Three Million
Nine Hundred Ten Thousand Six Hundred Eighty (23,910,680) common shares as a
special reorganization disbursement property dividend to American Capital
Holdings, Inc. shareholders. Pursuant to the Plan, the shares were issued by
eCom at .026 per share. The shares are subject to forward or reverse splits and
are currently being held in escrow. As previously mentioned in the
aforementioned August 22, 2006 8-K filing, the proposed record date for this
proposed stock dividend was set five (5) business days subsequent to the Plan of
Reorganization's final decree confirmation by the Bankruptcy Court. Due to the
ten (10) day United States Bankruptcy Code notice requirements, the record date
is set for 5:00 p.m. EST on April 14, 2008. This dividend is classified as a
final eCom Plan of Reorganization disbursement property dividend, which will
require the following instructions for each American Capital Holdings, Inc.
shareholder.
1. In order to perfect delivery of your property dividend shares, if your shares
are held in a brokerage account, you must have your broker forward to our
offices verification of the amount of shares held in your account, your current
mailing and e-mail addresses. The mailing address is required for proof of
delivery of the dividend shares whereby we can file a final report with the
United States Bankruptcy Court. The e-mail address is required for future
communications regarding eCom and the other spin off companies.
2. If your shares are currently held individually in your name in certificate
form, please notify American Capital Holdings, Inc. either through (a) United
States regular mail at 1016 Clemmons Street, Suite 302, Jupiter, FL 33477-3305;
or (b) by facsimile at 561.337.9356; or (c) by e-mail at dividend@achusa.com.
These Twenty Three Million Nine Hundred Ten Thousand Six Hundred Eighty
(23,910,680) eCom escrowed shares will be distributed on a pro-rata basis based
on completion of the above listed criteria.
Due to the extensive amount of certificate and address preparation, the
estimated date to begin mailing these dividend shares is April 30, 2008.
FORWARD-LOOKING STATEMENTS
This report contains "forward-looking" statements, as that term is defined by
federal securities laws. You can find these statements by looking for words
such as "may," "will," "expect," "anticipate," "believe," "estimate" and
similar words in this report. These forward-looking statements are subject to
numerous assumptions, risks and uncertainties. Because the statements are
subject to risks and uncertainties, actual results may differ materially from
those expressed or implied by the forward-looking statements. Risks and
uncertainties that could cause actual results to vary materially from those
anticipated by the forward-looking statements included in this report include
unexpected difficulties in preparing the additional cash reconciliation.
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 hereto duly authorized.
American Capital Holdings, Inc. (Registrant)
Date: April 3, 2008
/s/ Richard C. Turner
Richard C. Turner
Chief Financial Officer - American Capital Holdlings, Inc.