Challenger Powerboats, Inc. – ‘8-K’ for 1/3/02

On:  Friday, 1/4/02   ·   For:  1/3/02   ·   Accession #:  1106009-2-1   ·   File #:  0-30914

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Current Report   —   Form 8-K
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Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         2      9K 

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8-K
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UNITED STATES                                                                   
SECURITIES AND EXCHANGE COMMISSION                                              
WASHINGTON, D.C.20549                                                           

FORM 8K                                                                         

CURRENT REPORT                                                                  
PURSUANT TO SECTION 13 OR 15 (d)                                                
OF THE SECURITIES EXCHANGE ACT OF 1934                                          

Date of Report: January 2, 2002                                                 

COMMISSION FILE NUMBER: 333-30914                                               

XTREME WEBWORKS                                                                 
----------------------------------------------------------------                
(Exact name of small business issuer as specified in its charter)               

Nevada                        88-0394012                          
--------------------              ------------------                            
(State or other jurisdiction of    (I.R.S. Employer                             
incorporation or organization)      Identification No.)                         

8100 West Sahara Avenue, Suite 200                                              
Las Vegas, Nevada                           89117                               
----------------------------------       -------------                          
(Address of principle executive offices)  (Zip Code)                            

N/A                                                                             
------------------------------------------------------------------              
(Former name, former address and former fiscal year, if changed                 
since last report)                                                              

Item 5. Other Events.                                                           

Xtreme Webworks has been ordered by the District Court of Clark         
County, Nevada to authorize its transfer agent to transfer its common           
stock to Richard Splain (98,525 shares of common restricted stock)              
Matthew Marlon (37,251 shares of common restricted stock) and Michael           
Pitzel (7,000 shares of common stock). Due to pending litigation                
involving breaches of employment and convenants addressing the                  
non-disclosure agreements, the named Defendants can only sell their             
issued shares of stock as follows: Richard Splain pursuant to, and              
subject to the limitations contained in Rule 144 promulgated by the U.S.        
Securities and Exchange Commission under the Federal Securities Act of          
1933, as amended; Matthew Marlon may sell one third (1/3) of his total          
number of issued shares every three months and Michael Pitzel may sell          
his total number of issued shares. Pending the outcome of the litigation        
some stock may be returned to the treasury of Xtreme, or Xtreme                 
may receive compensatory damages based on current values of the stock.          
At this time the company is unable to speculate to the amount of damages        
it may recover.                                                                 

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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.                                           

XTREME WEBWORKS         
---------------         
(Name of Registrant)          

Date: January 03, 2002                 By: /s/ Shaun Hadley                     
                  --------------------
              SHAUN HADLEY
           PRESIDENT

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		1/4/02							None on these Dates
For Period End:		1/3/02		2
		1/2/02		1
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