SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

          Pursuant to Section 13 or 15(d) of the Securities Act of 1934


Date of Report (earliest event reported)       May 31, 1996
                                              ------------


                               DK INDUSTRIES, INC.
             (Exact name of registrant as specified in its charter)


         Colorado                          0-15891               84-0891674
- ----------------------------      -----------------------      --------------
(State or other jurisdiction      (Commission File Number)     (IRA Employer
of incorporation)                                            Identification No.)


1580 Lincoln Street, Suite 900, Denver, Colorado                  80203
- --------------------------------------------------------------------------------
(Address of principal executive offices)                         (Zip Code)


Registrant's telephone number, including area code  (303) 863-1869
                                                    ----------------------------


425 John Deere Road, Fort Collins, Colorado   80524
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)





<PAGE>



Item. 1. Change in Control of Registrant

     In  connection  with the merger  described  in Item 2,  below,  the persons
identified in the table below acquired the number of shares of the  Registrant's
common stock set forth opposite their  respective  names.  Such persons acquired
their shares of the Registrant's common stock as the result of the conversion of
their shares of GDC Holdings  Corporation into shares of the Registrant's common
stock, as described below.

                           Number of                  Percentage of
                           Shares                     Outstanding Shares
Name                       Beneficially Owned         Beneficially Owned(1)
- ----                       ------------------         ---------------------

Kathleen Elnaggar             981,045(1)                    41.3%
Elnaggar Family Trust         485,298(2)                    20.4
Tarek Elnaggar                175,990(3)                     7.4
Harry C. Conger                 131,387                      5.5

- -------------

(1) Excludes an  indeterminate  number of shares to be issued to Ms. Elnaggar in
connection with the anticipated  acquisition by the Registrant of 3E Corporation
of Louisiana  ("3E"), a corporation  owned by Ms.  Elnaggar.  The Registrant has
agreed to purchase 100% of the issued and outstanding  shares of common stock of
3E from Ms.  Elnaggar in exchange  for the  issuance by the  Registrant  of that
number of shares of the  Registrant's  common  stock that will have an aggregate
value of  $600,000 on the date that the  acquisition  is closed.  Also  excludes
485,298  shares  owned of  record by the  Elnaggar  Family  Trust,  of which Ms.
Elnaggar is the sole trustee. See note (2), below.

(2) The Elnaggar  Family Trust (the "Trust") is the record owner of these shares
and was created under a Judgment of Possession  dated October 4, 1994,  pursuant
to the will of Hamid Elnaggar. The sole trustee and usufructory (life tenant) of
the  Trust  is  Kathleen  Elnaggar.   Ms.  Elnaggar  possesses  all  voting  and
dispositive power with respect to the shares owned by the Trust and,  therefore,
may be deemed to be the beneficial owner of those shares.  The  beneficiaries of
the Trust are Tarek Elnaggar, Sharif Joseph Elnaggar, and Jeanne Marie Elnaggar.
The  beneficiaries may be deemed to be the beneficial owners of the shares owned
by the Trust.

(3) Excludes  485,298  shares owned of record by the Elnaggar  Family Trust,  of
which Mr. Elnaggar is a beneficiary. See note (2), above.

     The  information  set forth  above in this Item 1 is a summary  only and is
qualified in its entirety by the information  set forth in Item 2, below,  which
is incorporated  herein by this reference and made a part hereof, the "Agreement
to  Merge,"  dated  as of May 24,  1996,  attached  hereto  as  Exhibit  2.1 and
incorporated  herein by this reference and made a part hereof,  and the "Plan of
Merger'"  dated  as of  May  24,  1996,  attached  hereto  as  Exhibit  2.2  and
incorporated herein by this reference and made a part hereof.

     In addition,  in connection with the merger described in Item 2, below, all
of the members of the board of directors of the Registrant will resign,  and the
following  persons  will  become  members  of  the  board  of  directors  of the
Registrant:

     Ms.  Kathleen  Elnaggar
     Mr. Harry C. Conger
     Mr. B. Jim Porter
     Mr. James W. Muzzy

                                      -1-

<PAGE>

     The  appointments of the new directors and the resignations of the outgoing
directors  are  effective  ten days  after  the  later of (i) the  filing  of an
information  statement  under  Section 14(f) of the  Securities  Exchange Act of
1934, as amended,  and Rule 14f-1  thereunder  with the  Securities and Exchange
Commission by the Registrant or (ii) the date that the information  statement is
mailed  to  all of the  Registrant's  shareholders  of  record  disclosing  such
appointment.

     The  Registrant is not aware of any  arrangements,  including any pledge by
any person of  securities  of the  Registrant,  the  operation of which may at a
subsequent date result in a change in control of the Registrant.

Item. 2. Acquisition or Disposition of Assets

     On May 31, 1996, DK Industries, Inc. (the "Registrant") completed a reverse
merger (the  "Merger")  with GDC  Holdings  Corporation  ("GDCHC"),  a Louisiana
corporation,  pursuant to which GDCHC became a  wholly-owned  subsidiary  of the
Registrant.  As a result of the  Merger,  the  1,773,720  outstanding  shares of
common stock of GDCHC were converted  into  1,773,720  shares of common stock of
the  Registrant (or  approximately  75% of the  outstanding  common stock of the
Registrant  at the  completion  of the  Merger)  and  warrants  to  purchase  an
aggregate  of  100,000  shares  of common  stock of GDCHC  were  converted  into
warrants to  purchase  an  aggregate  of 100,000  shares of common  stock of the
Registrant  (the  "Warrants").  Each  Warrant  entitles  the  holder  thereof to
purchase one share (subject to adjustment) of the Registrant's common stock at a
purchase  price of $1.20  (subject to  adjustment)  until December 31, 2000. All
share figures reflect a 1-for-20 reverse stock split of the Registrant's  common
stock, which became effective May 24, 1996.

     GDCHC is the holding  company for GDC Enviro  Solutions,  Inc., a Louisiana
corporation  that provides on-site  hazardous and industrial  waste  remediation
services.  The  services  include  on-site  assessments,  analysis,  feasibility
studies, recommendation of corrective action programs, and on-site remediation.

     The  information  set forth  above in this Item 2 is a summary  only and is
qualified  in its entirety by the  information  set forth in the  "Agreement  to
Merge,"  dated  as  of  May  24,  1996,  attached  hereto  as  Exhibit  2.1  and
incorporated  herein by this reference and made a part hereof, and the " Plan of
Merger'"  dated  as of  May  24,  1996,  attached  hereto  as  Exhibit  2.2  and
incorporated herein by this reference and made a part hereof.

Item. 7. Financial Statements and Exhibits

         (a) Financial Statements

                  (i)      Financial Statements of Business Acquired

     As of the  date of  filing  of this  Current  Report  on  Form  8-K,  it is
impracticable  to file the  financial  statements  required by this Item at this
time. The Registrant  anticipates that the required financial statements will be
filed  with an amended  Current  Report on Form 8-K not later than 60 days after
this Current Report on Form 8-K is required to be filed.

                  (ii)     Pro Forma Financial Information

     As of the  date of  filing  of this  Current  Report  on  Form  8-K,  it is
impracticable to file the pro forma financial  information required by this Item
at this time. The Registrant  anticipates  that the required pro forma financial
information  will be filed with an amended  Current Report on Form 8-K not later
than 60 days after this Current Report on Form 8-K is required to be filed.


                                       -2-


<PAGE>




     (b) Exhibits

 Exhibit No.                    Description                        Location
- -------------                   -----------                        --------

    2.1              Agreement to Merge, dated as of
                     May 24, 1996, among DK Industries,                6
                     f/k/a Vetline, Inc., DK Acquisition
                     Corp., a Colorado corporation and a
                     wholly owned subsidiary of DK
                     Industries, Inc., GDC Holdings
                     Corporation, a Louisiana corporation,
                     and GDC Enviro Solutions, Inc., f/k/a
                     GDC Engineering, Inc., a Louisiana
                     corporation and a wholly owned subsidiary
                     of GDC Holdings Corporation

    2.2              Plan of Merger, dated as of May 24,                33
                     by and between DK Acquisition Corp.,
                     a Colorado corporation, and GDC Holdings
                     Corporation, a Louisiana corporation




                                       -3-


<PAGE>


                                   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.



                                             DK INDUSTRIES, INC.
                                             -----------------------------------
                                             (Registrant)


Date: June 13, 1996                          -----------------------------------
                                             (Signature)

                                             /s/ James W. Muzzy, Vice President
                                             -----------------------------------
                                                  (Printed name and Title)
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{"company-data": {"conformed-name": "DK INDUSTRIES INC", "cik": "0000797568", "assigned-sic": "5912", "irs-number": "840891674", "state-of-incorporation": "CO", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-15891", "film-number": "96581728"}, "business-address": {"street1": "425 JOHN DEERE RD", "city": "FORT COLLINS", "state": "CO", "zip": "80524", "phone": "3034841900"}, "mail-address": {"street1": "425 JOHN DEERE ROAD", "city": "FORT COLLINS", "state": "CO", "zip": "80524"}, "former-company": {"former-conformed-name": "VETLINE INC/CO/", "date-changed": "19920703"}}
SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

          Pursuant to Section 13 or 15(d) of the Securities Act of 1934

Date of Report (earliest event reported)       May 31, 1996
                                              ------------

                               DK INDUSTRIES, INC.
             (Exact name of registrant as specified in its charter)

         Colorado                          0-15891               84-0891674
- ----------------------------      -----------------------      --------------
(State or other jurisdiction      (Commission File Number)     (IRA Employer
of incorporation)                                            Identification No.)

1580 Lincoln Street, Suite 900, Denver, Colorado                  80203
- --------------------------------------------------------------------------------
(Address of principal executive offices)                         (Zip Code)

Registrant's telephone number, including area code  (303) 863-1869
                                                    ----------------------------

425 John Deere Road, Fort Collins, Colorado   80524
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)
Item. 1. Change in Control of Registrant

     In  connection  with the merger  described  in Item 2,  below,  the persons
identified in the table below acquired the number of shares of the  Registrant's
common stock set forth opposite their  respective  names.  Such persons acquired
their shares of the Registrant's common stock as the result of the conversion of
their shares of GDC Holdings  Corporation into shares of the Registrant's common
stock, as described below.

                           Number of                  Percentage of
                           Shares                     Outstanding Shares
Name                       Beneficially Owned         Beneficially Owned(1)
- ----                       ------------------         ---------------------

Kathleen Elnaggar             981,045(1)                    41.3%
Elnaggar Family Trust         485,298(2)                    20.4
Tarek Elnaggar                175,990(3)                     7.4
Harry C. Conger                 131,387                      5.5

- -------------

(1) Excludes an  indeterminate  number of shares to be issued to Ms. Elnaggar in
connection with the anticipated  acquisition by the Registrant of 3E Corporation
of Louisiana  ("3E"), a corporation  owned by Ms.  Elnaggar.  The Registrant has
agreed to purchase 100% of the issued and outstanding  shares of common stock of
3E from Ms.  Elnaggar in exchange  for the  issuance by the  Registrant  of that
number of shares of the  Registrant's  common  stock that will have an aggregate
value of  $600,000 on the date that the  acquisition  is closed.  Also  excludes
485,298  shares  owned of  record by the  Elnaggar  Family  Trust,  of which Ms.
Elnaggar is the sole trustee. See note (2), below.

(2) The Elnaggar  Family Trust (the "Trust") is the record owner of these shares
and was created under a Judgment of Possession  dated October 4, 1994,  pursuant
to the will of Hamid Elnaggar. The sole trustee and usufructory (life tenant) of
the  Trust  is  Kathleen  Elnaggar.   Ms.  Elnaggar  possesses  all  voting  and
dispositive power with respect to the shares owned by the Trust and,  therefore,
may be deemed to be the beneficial owner of those shares.  The  beneficiaries of
the Trust are Tarek Elnaggar, Sharif Joseph Elnaggar, and Jeanne Marie Elnaggar.
The  beneficiaries may be deemed to be the beneficial owners of the shares owned
by the Trust.

(3) Excludes  485,298  shares owned of record by the Elnaggar  Family Trust,  of
which Mr. Elnaggar is a beneficiary. See note (2), above.

     The  information  set forth  above in this Item 1 is a summary  only and is
qualified in its entirety by the information  set forth in Item 2, below,  which
is incorporated  herein by this reference and made a part hereof, the "Agreement
to  Merge,"  dated  as of May 24,  1996,  attached  hereto  as  Exhibit  2.1 and
incorporated  herein by this reference and made a part hereof,  and the "Plan of
Merger'"  dated  as of  May  24,  1996,  attached  hereto  as  Exhibit  2.2  and
incorporated herein by this reference and made a part hereof.

     In addition,  in connection with the merger described in Item 2, below, all
of the members of the board of directors of the Registrant will resign,  and the
following  persons  will  become  members  of  the  board  of  directors  of the
Registrant:

     Ms.  Kathleen  Elnaggar
     Mr. Harry C. Conger
     Mr. B. Jim Porter
     Mr. James W. Muzzy

                                      -1-
The  appointments of the new directors and the resignations of the outgoing
directors  are  effective  ten days  after  the  later of (i) the  filing  of an
information  statement  under  Section 14(f) of the  Securities  Exchange Act of
1934, as amended,  and Rule 14f-1  thereunder  with the  Securities and Exchange
Commission by the Registrant or (ii) the date that the information  statement is
mailed  to  all of the  Registrant's  shareholders  of  record  disclosing  such
appointment.

     The  Registrant is not aware of any  arrangements,  including any pledge by
any person of  securities  of the  Registrant,  the  operation of which may at a
subsequent date result in a change in control of the Registrant.

Item. 2. Acquisition or Disposition of Assets

     On May 31, 1996, DK Industries, Inc. (the "Registrant") completed a reverse
merger (the  "Merger")  with GDC  Holdings  Corporation  ("GDCHC"),  a Louisiana
corporation,  pursuant to which GDCHC became a  wholly-owned  subsidiary  of the
Registrant.  As a result of the  Merger,  the  1,773,720  outstanding  shares of
common stock of GDCHC were converted  into  1,773,720  shares of common stock of
the  Registrant (or  approximately  75% of the  outstanding  common stock of the
Registrant  at the  completion  of the  Merger)  and  warrants  to  purchase  an
aggregate  of  100,000  shares  of common  stock of GDCHC  were  converted  into
warrants to  purchase  an  aggregate  of 100,000  shares of common  stock of the
Registrant  (the  "Warrants").  Each  Warrant  entitles  the  holder  thereof to
purchase one share (subject to adjustment) of the Registrant's common stock at a
purchase  price of $1.20  (subject to  adjustment)  until December 31, 2000. All
share figures reflect a 1-for-20 reverse stock split of the Registrant's  common
stock, which became effective May 24, 1996.

     GDCHC is the holding  company for GDC Enviro  Solutions,  Inc., a Louisiana
corporation  that provides on-site  hazardous and industrial  waste  remediation
services.  The  services  include  on-site  assessments,  analysis,  feasibility
studies, recommendation of corrective action programs, and on-site remediation.

     The  information  set forth  above in this Item 2 is a summary  only and is
qualified  in its entirety by the  information  set forth in the  "Agreement  to
Merge,"  dated  as  of  May  24,  1996,  attached  hereto  as  Exhibit  2.1  and
incorporated  herein by this reference and made a part hereof, and the " Plan of
Merger'"  dated  as of  May  24,  1996,  attached  hereto  as  Exhibit  2.2  and
incorporated herein by this reference and made a part hereof.

Item. 7. Financial Statements and Exhibits

         (a) Financial Statements

                  (i)      Financial Statements of Business Acquired

     As of the  date of  filing  of this  Current  Report  on  Form  8-K,  it is
impracticable  to file the  financial  statements  required by this Item at this
time. The Registrant  anticipates that the required financial statements will be
filed  with an amended  Current  Report on Form 8-K not later than 60 days after
this Current Report on Form 8-K is required to be filed.

                  (ii)     Pro Forma Financial Information

     As of the  date of  filing  of this  Current  Report  on  Form  8-K,  it is
impracticable to file the pro forma financial  information required by this Item
at this time. The Registrant  anticipates  that the required pro forma financial
information  will be filed with an amended  Current Report on Form 8-K not later
than 60 days after this Current Report on Form 8-K is required to be filed.

                                       -2-
(b) Exhibits

 Exhibit No.                    Description                        Location
- -------------                   -----------                        --------

    2.1              Agreement to Merge, dated as of
                     May 24, 1996, among DK Industries,                6
                     f/k/a Vetline, Inc., DK Acquisition
                     Corp., a Colorado corporation and a
                     wholly owned subsidiary of DK
                     Industries, Inc., GDC Holdings
                     Corporation, a Louisiana corporation,
                     and GDC Enviro Solutions, Inc., f/k/a
                     GDC Engineering, Inc., a Louisiana
                     corporation and a wholly owned subsidiary
                     of GDC Holdings Corporation

    2.2              Plan of Merger, dated as of May 24,                33
                     by and between DK Acquisition Corp.,
                     a Colorado corporation, and GDC Holdings
                     Corporation, a Louisiana corporation

                                       -3-
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.

                                             DK INDUSTRIES, INC.
                                             -----------------------------------
                                             (Registrant)

Date: June 13, 1996                          -----------------------------------
                                             (Signature)

                                             /s/ James W. Muzzy, Vice President
                                             -----------------------------------
                                                  (Printed name and Title)