form8-k.htm
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: June 19, 2007
Nexia
Holdings, Inc.
(Exact
name of registrant as specified in its charter)
NEVADA
(State
or
other jurisdiction of incorporation or organization)
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33-2128-D
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84-1062062
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(Commission
File Number)
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(IRS
Employer Identification
Number)
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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
Nexia
Holdings, Inc. (Nexia) has signed a letter of intent to acquire 100% ownership
of Newby Salons, L.L.C. (Newby) from its owners in exchange for the issuance
of
60,000 shares of Nexia’s Series C Preferred Stock. Newby operates a
hair salon under the name Reflections in Bountiful, Utah that utilizes the
Aveda® line of products exclusively. Newby is owned by Anthony Newby
and Brooke Newby, Anthony Newby has agreed to provide marketing and management
expertise to Nexia and its Landis operations following the closing of a
definitive agreement to make the stated transfer.
All
Series C Preferred Stock issued out in the above transaction will be locked
up
for a period of 2 years.
A
press
release discussing the signing was released on June 20, 2007 and a copy thereof
is attached hereto as an exhibit.
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS
Pro
forma
financial statements, if required, will be filed by amendment within the time
allowed by rule.
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EXHIBIT
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PAGE
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NO.
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NO.
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DESCRIPTION
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99.1
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3
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99.2
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5
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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:
June 20,
2007
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By:
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/s/ Richard
Surber |
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Richard
Surber |
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CEO,
CFO,
President and Director |
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