content: 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)                March 17, 1997
                                                    ----------------------------
  
  
                             Texas Equipment Corporation
  -------------------------------------------------------------------------------
         (Exact name of small business issuer as specified in its charter)
  
                        Nevada 33-47921-A 62-1459870 (Exact
  -------------------------------------------------------------------------------
            (State or other jurisdiction (Commission File I.R.S.Employer
                    of incorporation) Number) Identification No.
  
  
               110 Greene Street, Suite 800, New York, New York 10012
  -------------------------------------------------------------------------------
                (Address of principal executive offices) (Zip Code)
  
  
        (Registrant's telephone number, including area code: (212) 334-6700
                             --------------------------
  
  -------------------------------------------------------------------------------
                       (Former name, former address and former
                     fiscal year, if changed since last report)
  
  
  
  
  <PAGE>
  
  
  
  Item 5. Other Events
  
  On March 17, 1997, the registrant was served with a complaint filed on March 8,
  1997, by Jonathan Braun, Charles Platkin and Marinex Multimedia Corporation
  ("Marinex") in the Southern District Court of New York against the registrant,
  Paul Condit, Paul Condit II, John Condit, Jeffrey Condit, Michael Killman and
  Charles Barkley. Marinex is a wholly owned subsidiary of the registrant, and
  Jonathan Braun is a director of the registrant as well as an officer and
  director of Marinex. Charles Platkin is a former director of the registrant and
  is a director and officer of Marinex. Michael Killman is a principal in the
  accounting firm of Killman Murrell & Co., the registrant's independent auditor.
  Charles Barkley was counsel to the registrant. The civil action relates to the
  exchange of shares between the registrant and Texas Equipment Co., Inc. ("Texas
  Equipment") whereby Texas Equipment became a wholly owned subsidiary of the
  registrant. Paul Condit is the registrant's president, and Paul Condit II, John
  Condit, and Jeffrey Condit were owners of all of the issued and outstanding
  equity of Texas Equipment, each now owning approximately 22.7% of the
  registrant's Common Stock. The action alleges that: (i) Texas Equipment, Paul
  Condit, Paul Condit II, John Condit, Jeffrey Condit, Michael Killman, and
  Charles Barkley committed fraud against Marinex; (ii) Texas Equipment, Paul
  Condit, Paul Condit II, John Condit, Jeffrey Condit, and Michael Killman
  negligently made false representations to Marinex; (iii) Paul Condit II, John
  Condit and Jeffery Condit committed a breach of contract against the plaintiffs;
  and (iv) Charles Barkley committed a breach of fiduciary duty, breach of duty of
  loyalty, negligence and legal malpractice against the plaintiffs. The action
  seeks unspecified damages not less than $930,000, including fees and expenses.
  The registrant believes this action is without merit and intends to vigorously
  defend against these claims. While the registrant believes these claims are
  without merit and are, in addition, subject to numerous procedural defenses, the
  final outcome of this action is unknown.
  
  
  
  
  
  <PAGE>
  
  
                                     SIGNATURES
  
           Pursuant to the requirements of the Securities Exchange Act or 1934,
  the registrant has duly caused this report to be signed on its behalf, thereby
  duly authorized.
  
  
  
       Date: March 31, 1997                /s/ Paul Condit
                                          ----------------------------
                                           Paul Condit,President
  
  
  <PAGE>
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 4089}]
metadata_filer: {"company-data": {"conformed-name": "TEXAS EQUIPMENT CORP", "cik": "0000887996", "assigned-sic": "2721", "irs-number": "621459870", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21813", "film-number": "97570344"}, "business-address": {"street1": "1305 HOBBS HIGHWAY", "street2": "C/O PAUL CONDIT", "city": "SEMINOLE", "state": "TX", "zip": "79360", "phone": "9157583643"}, "former-company": [{"former-conformed-name": "MARINEX MULTIMEDIA CORP", "date-changed": "19960501"}, {"former-conformed-name": "HARD FUNDING INC", "date-changed": "19940407"}]}
text: 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)                March 17, 1997
                                                    ----------------------------
  
                             Texas Equipment Corporation
  -------------------------------------------------------------------------------
         (Exact name of small business issuer as specified in its charter)
  
                        Nevada 33-47921-A 62-1459870 (Exact
  -------------------------------------------------------------------------------
            (State or other jurisdiction (Commission File I.R.S.Employer
                    of incorporation) Number) Identification No.
  
               110 Greene Street, Suite 800, New York, New York 10012
  -------------------------------------------------------------------------------
                (Address of principal executive offices) (Zip Code)
  
        (Registrant's telephone number, including area code: (212) 334-6700
                             --------------------------
  
  -------------------------------------------------------------------------------
                       (Former name, former address and former
                     fiscal year, if changed since last report)
  Item 5. Other Events
  
  On March 17, 1997, the registrant was served with a complaint filed on March 8,
  1997, by Jonathan Braun, Charles Platkin and Marinex Multimedia Corporation
  ("Marinex") in the Southern District Court of New York against the registrant,
  Paul Condit, Paul Condit II, John Condit, Jeffrey Condit, Michael Killman and
  Charles Barkley. Marinex is a wholly owned subsidiary of the registrant, and
  Jonathan Braun is a director of the registrant as well as an officer and
  director of Marinex. Charles Platkin is a former director of the registrant and
  is a director and officer of Marinex. Michael Killman is a principal in the
  accounting firm of Killman Murrell & Co., the registrant's independent auditor.
  Charles Barkley was counsel to the registrant. The civil action relates to the
  exchange of shares between the registrant and Texas Equipment Co., Inc. ("Texas
  Equipment") whereby Texas Equipment became a wholly owned subsidiary of the
  registrant. Paul Condit is the registrant's president, and Paul Condit II, John
  Condit, and Jeffrey Condit were owners of all of the issued and outstanding
  equity of Texas Equipment, each now owning approximately 22.7% of the
  registrant's Common Stock. The action alleges that: (i) Texas Equipment, Paul
  Condit, Paul Condit II, John Condit, Jeffrey Condit, Michael Killman, and
  Charles Barkley committed fraud against Marinex; (ii) Texas Equipment, Paul
  Condit, Paul Condit II, John Condit, Jeffrey Condit, and Michael Killman
  negligently made false representations to Marinex; (iii) Paul Condit II, John
  Condit and Jeffery Condit committed a breach of contract against the plaintiffs;
  and (iv) Charles Barkley committed a breach of fiduciary duty, breach of duty of
  loyalty, negligence and legal malpractice against the plaintiffs. The action
  seeks unspecified damages not less than $930,000, including fees and expenses.
  The registrant believes this action is without merit and intends to vigorously
  defend against these claims. While the registrant believes these claims are
  without merit and are, in addition, subject to numerous procedural defenses, the
  final outcome of this action is unknown.
  SIGNATURES
  
           Pursuant to the requirements of the Securities Exchange Act or 1934,
  the registrant has duly caused this report to be signed on its behalf, thereby
  duly authorized.
  
       Date: March 31, 1997                /s/ Paul Condit
                                          ----------------------------
                                           Paul Condit,President