International Heritage Inc – ‘8-K’ for 10/20/98

As of:  Wednesday, 11/4/98   ·   For:  10/20/98   ·   Accession #:  1010412-98-207   ·   File #:  2-97690-D

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         3±    15K 
 2: EX-16       Letter re: Change in Certifying Accountant             1      6K 

8-K   —   Current Report
Document Table of Contents

  SECURITIES AND EXCHANGE COMMISSION

  Washington, D.C. 20509

  FORM 8-K

  CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act

    October 20, 1998
    Date of Report
   (Date of Earliest Event Reported)

    INTERNATIONAL HERITAGE, INCORPORATED
      (Exact Name of Registrant as Specified in its Charter)

Nevada                  002-97690-D             87-0421191        
(State or other juris-          (Commission File No.)       (IRS Employer       
diction of incorporation)                                I.D. No.)              

    Carolina Place
   2626 Glenwood Avenue, Suite 200
   Raleigh, North Carolina 27608
  (Address of Principal Executive Offices)

   (919)571-4646
     Registrant's Telephone Number

Item 1.   Changes in Control of Registrant.                                     

None; not applicable.                                                           

Item 2.   Acquisition or Disposition of Assets.                                 

None; not applicable.                                                           

Item 3.   Bankruptcy or Receivership.                                           

None; not applicable.                                                           

Item 4.   Changes in Registrant's Certifying Accountant.                        

On October 23, 1998, Eilers, Jones, Brown & McLeod, CPA's, PA, resigned as the  
Company's certifying accountants due to the fact that the Certifying            
Accountants are no longer independent.  The written resignation was received    
by the Company November 3, 1998.                                                

Item 5.   Other Events.                                                         

On October 20, 1998, in a special meeting of the Board of Directors, the Board  
accepted the resignation of O. Kenneth Rudd, III, Executive Vice President of   
the Company.                                                                    

On October 21, 1998, class certification was denied in the action Marsh v.      
International Heritage, Inc., Stanley L. Van Etten, Claude Savage and Larry     
Smith, District Court of Dallas County, Texas, 101st Judicial District, case    
number 98-2332-E.                                                               

On October 24, 1998, at the regularly scheduled meeting of the Board of         
Directors, the Board accepted the resignation of Robert M. Hukezalie, Chief     
Operating Officer, Kevin D. Jones, Chief Information Officer and Christopher    
A. Reid, Vice President and Chief Compliance Officer.  The Board also accepted  
the resignation of Georgina Marie Mollick, Vice President of Legal Affairs and  
Assistant Corporate Secretary as an officer of the Company and Angie C.         
Stewart, Corporate Secretary for the Company and its subsidiaries.  Ms.         
Mollick and Ms. Stewart will continue to be employed by the Company.            

In the October 24, 1998, Board of Director's Meeting, the Board resolved to     
waive any contractual or other restriction upon its Independent Retail Sales    
Representatives ("IRSRs") which would limit or impede them from contracting     
with other network marketing companies.  This action was taken in order to      
allow the Company to take steps to convert its operations from a multi-level    
marketing company to a direct marketing company.  The Company will eliminate    
the recruitment of new IRSRs from its marketing plan and will continue to       
market its existing product lines consisting of fine jewelry, collectibles,     
sports equipment, telecommunications services and a proprietary line of skin    
care and nutritional products through all forms of media, including print,      
radio and television advertising.  The Company will reduce its number of        
employees and consolidate its offices as part of this change in operations.     

On October 26, 1998, John D. Brothers, Chief Operating Officer submitted his    
resignation to the Board of Directors.  It is anticipated that Mr. Brothers'    
resignation will be accepted at the next meeting of the Board.                  

There were no disputes with respect to these resignations.                      

Item 6.   Resignations of Registrant's Directors.                               

On October 20, 1998, in a special meeting of the Board of Directors, the Board  
accepted the resignation of O. Kenneth Rudd, III.                               

On October 24, 1998, at the regularly scheduled meeting of the Board of         
Directors, the Board accepted the resignation of Harry B. Mains and John W.     
Hemmer.                                                                         

On October 25, 1998, Evonne B. Eckenroth submitted her resignation to the       
Board of Directors.  It is anticipated that Ms. Eckenroth's resignation will    
be accepted at the next meeting of the Board.                                   

On October 26, 1998, John D. Brothers verbally submitted his resignation to     
the Board of Directors. It is anticipated that Mr. Brothers' resignation will   
be accepted at the next meeting of the Board.                                   

There were no disputes with respect to these resignations.                      

Item 7.   Financial Statements, Pro Forma Financial Information and             
Exhibits.                                                                       

Exhibit        Description                                                      

16        Resignation of Certifying Accountants                                 

Item 8.   Change in Fiscal Year.                                                

None; not applicable.                                                           

SIGNATURES  

Pursuant to the requirements of the Securities and Exchange Act of 1934, the    
Registrant has duly caused this Report to be signed on its behalf by the        
undersigned hereunto duly authorized.                                           

                            INTERNATIONAL HERITAGE, INCORPORATED

Date:          11/02/98.           By: /s/ Stanley H. Van Etten                 
                  ______________________________________

                                President, CEO and Chairman of the Board

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on:		11/4/98		8-K
		11/3/98
		10/26/98
		10/25/98
		10/24/98
		10/23/98
		10/21/98
For Period End:		10/20/98		8-K
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