8-K 1 form8k-71142_primary.txt Securities and Exchange Commission Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) September 29, 2005 PBS HOLDING, INC. (formerly Primary Business Systems, Inc.) (Exact name of registrant as specified in its charter) Nevada 86-0857752 (State or other jurisdiction (Commission File No.) (IRS Employer of Jurisdiction) Identification Number) 433 Kitty Hawk Dr., Suite 226, Universal City, Texas 78148 (Address of principal executive offices) (Postal Code) Registrant's telephone number, including area code: 210-658-4675 (Former name or former address, if changed since last report.) Primary Business Systems, Inc. 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: _ 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)) Item 5.03 Amendments to Articles of Incorporation. Primary Business Systems, Inc., a Nevada corporation has completed its name change and a reverse stock split, effective on September 29, 2005. The new name of the corporation is PBS Holding, Inc. The reverse stock split was made on the basis of one (1) share for each eight (8) shares issued and outstanding. The par value of the Common Stock did not change. The Company's transfer agent, Registrar and Transfer Company, will be providing to each shareholder of record as of August 29, 2005 a transmittal letter with instructions to return their share certificates for new share certificates. Fractional shares will be paid in cash. In addition, the trading symbol for the Common Stock has been changed to PBHG.OB Item 7. Financial Statement and Exhibits None Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. PBS Holding, Inc. October 2, 2005 /s/Patrick D. Matthews ----------------------------- Name: Patrick D. Matthews Title: Chairman and President

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): August 31, 2005

Primary Business Systems, Inc

(Exact name of registrant as specified in its charter)

COMMISSION FILE NUMBER:

Nevada		86-0857752
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

433 Kitty Hawk Dr., Suite 226,

Universal City, Texas78148

(Address and zip code of principal executive offices)

(210) 658-4675

(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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SECTION 3 – SECURITIES AND TRADING MARKETS

Item 3.03 Material Modification of Rights of Security Holders.

As set forth in the Preliminary Information Statement on Schedule 14C filed by Primary Business Systems, Inc. (the “Registrant”) with the Securities and Exchange Commission (“SEC”) on August 31, 2005, the Board of Directors (the “Board”) of Registrant approved the following actions:

(i) The change of Registrant’s name to PBS Holding, Inc., and

(ii) 1-for-8 reverse stock split of Registrant’s common stock.

The Registrant’s Board of Directors, and shareholders holding an aggregate of 91.67% of the Registrant’s total combined voting power, approved the foregoing actions on August 25, 2005 and August 29, 2005 respectively.

In connection with the Reverse Split, fractional shares will not be issued and holders of such fractional shares will receive cash in lieu of such fractional share(s). Furthermore, as a result of the Reverse Split, the number of record holders of the Registrant’s common stock will be reduced from 183 to approximately 53 record holders.

A least ten (10) days after the filing of the Preliminary Information Statement and barring comments from the SEC, the Registrant shall cause a Definitive Information Statement describing the Name Change and the Reverse Split to be (i) mailed to the Registrant’s stockholders and (ii) filed with the SEC, and such matters shall not become effective until approximately twenty (20) calendar days after the Definitive Information Statement is first sent or given to stockholders.

SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT

Item 5.02b Resignation of Director.

Effective September 1, 2005, Connie Matthews, a member of the board of directors (the “Board”) of the Registrant resigned from the Board for personal reasons. Ms. Matthews resignation from the Board was not the result of a disagreement with the Registrant.

Item 9.01 Financial Statements and Exhibits.

The following exhibits are filed herewith:

NONE

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 2, 2005	Primary Business Systems, Inc.
	(Registrant)
	By	/s/ Patrick D. Matthews
	Patrick D. Matthews, President

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