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) June 14, 2005
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INNOVA HOLDINGS, INC.
(Exact name of Registrant as specified in its charter)
Delaware 000-33231 95-4868120
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(State or other jurisdiction (Commission File number) (IRS Employer
of incorporation or organization) Identification No.)
17105 San Carlos Boulevard, Suite A6151, Fort Myers, Florida 33931
(Address of principal executive offices) (Zip Code)
(239) 466-0488
(Registrant's Telephone Number, Including Area Code)
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(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 for 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 5-CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
(b) Resignation of Principal Officer. On June 14, 2005, Walter K. Weisel
resigned as interim Chief Financial Officer of Innova Holdings, Inc. (the
"Company"). Mr. Weisel will continue to serve the Company as Chairman of the
Board, President and Chief Executive Officer. The resignation did not relate to
any disagreement with the Company on any matter relating to the Company's
operations, policies or practices.
(c) Appointment of Principal Officer. On June 14, 2005, Eugene Gartlan was
appointed Chief Financial Officer of the Company.
Mr. Gartlan, age 60, has served as a full-time consultant to the company
since December 15, 2004 through his wholly owned company, Stratex Solutions,
LLC. ("Stratex"), a business consulting firm. Stratex has earned 12,000,000
shares of the Company's common stock and is owed reimbursable business expenses
of approximately $10,000 as consideration for these consulting services.
Stratex's compensation was based on a monthly salary of $10,000, payable in cash
or common stock of the Company at the option of the Company. The price per share
used to determine the number of shares earned if stock was paid was $.005 per
share, the stock price on the date the Company and Stratex entered into the
consulting agreement. No cash has been paid to Stratex.
Mr. Gartlan will enter into an employment agreement with the Company.
Mr. Gartlan has served as the President of Stratex since June 2003. From
June 2000 through June 2003, Mr. Gartlan was a self employed business consultant
doing business under the name CFO Strategies and E. V. Gartlan. From June 2000
to June 2003, Mr. Gartlan was also an independent contractor with Whitestone
Communications, Inc, serving in the capacity as a Managing Director of this
investment banking firm specializing in mergers and acquisitions in the
publishing industry
There is no family relationship between Mr. Gartlan and any of the
executive officers or directors of the Company.
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SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
INNOVA HOLDINGS, INC.
Date: June 15, 2005 By: /s/ Walter K. Weisel
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Walter K. Weisel
Chairman and Chief Executive Officer
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