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 Report (Date of earliest event reported):
December 10, 2011
______________
TX Holdings, Inc. |
||
(Exact Name of Registrant as Specified in Its Charter) |
______________
Georgia |
(State or Other Jurisdiction of Incorporation) |
000-32335 |
58-2558701 |
|
(Commission File Number) |
(IRS Employer Identification No.) |
12080 Virginia Blvd | ||
Ashland, Kentucky | 41102 | |
(Address of Principal Executive Offices) |
(Zip Code) | |
(305)420-6781 |
(Registrant's telephone number, including area code) |
|
(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 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))
Section 1-Registrants' Business and Operations
Item 1.01 Entry into Material Definitive Agreement
On December 10, 2011 the Board of directors was presented and, approved a proposal to expand the Company’s business to include the retail and wholesale of mining supplies. In support of the new mining supplies business, TX Holdings, Inc. has signed contracts with two companies which will procure sales on behalf of the Company and earn a commission based on the gross profit generated by the sales.
The Company’s Chairman, William Shrewsbury, has committed to finance the new business expansion with his personal loan, up to the amount of $500,000. The new venture financing will be secured by a lien on the Company’s assets.
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: December 29, 2011 |
TX Holdings, Inc. |
|
(Registrant) | ||
By: /s/ William "Buck" Shrewsbury |
||
William "Buck" Shrewsbury, Chairman |