NEXH 8-K 10/12/2006
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d)
of
the
SECURITIES
EXCHANGE ACT OF 1934
Date
of Event: October 12, 2006
Nexia
Holdings, Inc.
(Exact
name of registrant as specified in its charter)
NEVADA
(State
or
other jurisdiction of incorporation or organization)
|
33-2128-D
(Commission
File Number)
|
84-1062062
(IRS
Employer Identification Number)
|
c/o
Richard Surber, President
59
West 100 South, Second Floor, Salt Lake City, Utah
84101
(Address
of principal executive offices)
(801)
575-8073
(Registrant's
telephone number, including area code)
ITEM
8.01 Other
Events
On
October 12, 2006 Nexia Holdings, Inc. entered into addendums with the majority
of the current holders of option rights to acquire shares of the common stock
of
Nexia to provide for a floor price for exercise of the options as set forth
in
the following language:
ADDENDUM
TO STOCK OPTION AGREEMENT
Now
comes
Nexia Holdings, Inc. and , “Optionee,” a holder of a grant of options from Nexia
pursuant to its employee benefit plan(s), and hereby agree that for all options
not currently fully exercised, (that is full payment for the shares represented
by the option has not yet been paid), that the options shall from this date
forward, until fully exercised or they expire according to the terms of the
Stock Option Agreement, that the price for the options shall be not be less
than
$0.000375 or 75% of a selling market price of $0.0005 or greater, for options
granted with a floating option price set at 75% of the market price at the
time
of exercise.
ITEM
9.01 FINANCIAL
STATEMENTS AND EXHIBITS
Pro
forma
financial statements, if required, will be filed by amendment within the time
allowed by rule.
EXHIBIT
PAGE
NO.
NO.
DESCRIPTION
Pursuant
to the requirement 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.
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Nexia
Holdings, Inc. |
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| Date: October
13, 2006 |
By: |
/s/ Richard
Surber |
| |
Richard
Surber
CEO, CFO, President and Director
|