MTWD Form 8-K 05/19/2005
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): May 16, 2005
(Exact
Name of Registrant as Specified in Charter)
Nevada
(State
or Other Jurisdiction of Incorporation)
000-05391
(Commission
File Number)
83-0210365
(I.R.S.
Employer Identification No.)
819
Naff Road, Boones Mill, VA 24065
(Address
of Principal Executive Offices) (Zip Code)
(540)
334-4294
(Registrant's
Telephone Number, Including Area Code)
This
Current Report on Form 8-K is filed by Metwood, Inc, a Nevada corporation (the
"Registrant"), in connection with the items described below.
ITEM
1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On
January 3, 2005, we entered into a sales and leaseback transaction with Cahas
Mountain Properties, LLC. We sold our various buildings at our corporate
headquarters which house our manufacturing plants, executive offices, and other
buildings on January 3, 2005 for $600,000 in cash. We simultaneously entered
into a commercial lease agreement with this entity whereby we committed to lease
back these same properties for $6,200 per month over a ten year
term.
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.
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METWOOD,
INC. |
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| Date: May
16, 2005 |
By: |
/s/ Robert
M. Callahan |
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Robert M. Callahan
CEO and Director |