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<head><title>Start Scientific - 8K</title> </head> <body> <div style="WIDTH:468pt; MARGIN-LEFT:72pt"> <hr style="BORDER-TOP:0px; HEIGHT:0px; BORDER-RIGHT:0px; WIDTH:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px; MARGIN:14pt 0px 0px"> <p style="COLOR:#000000; FONT:20pt Times New Roman; MARGIN:0px" align=center><b>______________________________________</b></p> <p style="COLOR:#000000; FONT:14pt Times New Roman; MARGIN:0px" align=center>&nbsp;</p> <p style="COLOR:#000000; FONT:20pt Times New Roman; MARGIN:0px" align=center><b>UNITED STATES</b></p> <p style="COLOR:#000000; FONT:20pt Times New Roman; MARGIN:0px" align=center><b>SECURITIES AND EXCHANGE COMMISSION</b></p> <p style="COLOR:#000000; FONT:14pt Times New Roman; MARGIN:0px" align=center><b>WASHINGTON, D.C. 20549</b></p> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:10pt></font>&nbsp;</p> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:10pt></font>&nbsp;</p> <p style="COLOR:#000000; FONT:20pt Times New Roman; MARGIN:0px" align=center><b>FORM 8-K</b></p> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:10pt></font>&nbsp;</p> <p style="COLOR:#000000; FONT:14pt Times New Roman; MARGIN:0px" align=center>CURRENT REPORT</p> <p style="COLOR:#000000; FONT:14pt Times New Roman; MARGIN:0px" align=center>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</p> <p style="COLOR:#000000; FONT:14pt Times New Roman; MARGIN:0px" align=center>&nbsp;</p> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:10pt>Date of Report (Date of earliest event reported): March 15 , 2018</font></p> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:10pt></font>&nbsp;</p> <p style="COLOR:#000000; FONT:20pt Times New Roman; MARGIN:0px" align=center><b>START SCIENTIFIC, INC.</b></p> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px" align=center>(Exact Name of Registrant as Specified in Charter)</p> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px" align=center>&nbsp;&nbsp;</p> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px" align=center>&nbsp;</p> <table style="BORDER-TOP:#ffffff 1pt solid; BORDER-RIGHT:#ffffff 1pt solid; WIDTH:468pt; BORDER-COLLAPSE:collapse; BORDER-BOTTOM:#ffffff 1pt solid; BORDER-LEFT:#ffffff 1pt solid" bgcolor=#cdd4e9 align=center> <tr style=HEIGHT:11.55pt> <td style="WIDTH:159.1pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:11pt><b>Delaware</b></font></p></td> <td style="WIDTH:154.45pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:11pt><b>000-52227</b></font></p></td> <td style="WIDTH:154.45pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:11pt><b>20-4910418</b></font></p></td></tr> <tr style=HEIGHT:11.55pt> <td style="WIDTH:159.1pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:11pt>(State of Other Jurisdiction</font></p></td> <td style="WIDTH:154.45pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:11pt>(Commission File</font></p></td> <td style="WIDTH:154.45pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:11pt>(IRS Employer</font></p></td></tr> <tr style=HEIGHT:11.55pt> <td style="WIDTH:159.1pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:11pt>Of Incorporation)</font></p></td> <td style="WIDTH:154.45pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:11pt>Number)</font></p></td> <td style="WIDTH:154.45pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:11pt>Identification No.)</font></p></td></tr></table> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px" align=center>&nbsp;</p> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px">&nbsp;</p> <table style="BORDER-TOP:#ffffff 1pt solid; BORDER-RIGHT:#ffffff 1pt solid; WIDTH:468pt; BORDER-COLLAPSE:collapse; BORDER-BOTTOM:#ffffff 1pt solid; MARGIN-LEFT:5.4pt; BORDER-LEFT:#ffffff 1pt solid" bgcolor=#cdd4e9> <tr style=HEIGHT:29.5pt> <td style="WIDTH:252.7pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:10pt><b>24 Quaker Lane</b></font></p> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:10pt><b>Warwick, RI</b></font></p></td> <td style="WIDTH:215.3pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:10pt></font>&nbsp;</p> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:10pt><b>02886</b></font></p></td></tr> <tr style=HEIGHT:8.65pt> <td style="WIDTH:252.7pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:8pt>(Address of Principal Executive Offices)</font></p></td> <td style="WIDTH:215.3pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:8pt>(Zip Code)</font></p></td></tr></table> <p style="COLOR:#000000; FONT:12pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px" align=center><font style=FONT-SIZE:10pt><b>Registrant&#146;s telephone number, including area code: (401) 753-4260</b></font></p> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px"><font style=FONT-SIZE:10pt></font>&nbsp;</p> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px" align=center>&nbsp;</p> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px" align=center>(Former Name or Former Address, if Changed Since Last Report)</p> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px" align=center>&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">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:</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">[ ] Written communications pursuant to Rule 425 under the Securities Act</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act</p> <p style="COLOR:#000000; FONT:1pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:8pt Times New Roman; MARGIN:0px">&nbsp;</p> <hr style="BORDER-TOP:0px; HEIGHT:0px; BORDER-RIGHT:0px; WIDTH:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px; MARGIN:14pt 0px 0px"> <hr style="BORDER-TOP:0px; HEIGHT:3pt; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PAGE-BREAK-AFTER:always; BORDER-LEFT:0px; MARGIN:8pt 0px; BACKGROUND-COLOR:#909090"> <p style="MARGIN:0px; LINE-HEIGHT:0" /> <hr style="BORDER-TOP:0px; HEIGHT:0px; BORDER-RIGHT:0px; WIDTH:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px; MARGIN:14pt 0px 0px"> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px"><b>Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet of a Registrant</b></p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px"><font style="BORDER-BOTTOM:#000000 1px solid"><b>Commitments and Litigation</b></font></p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=justify>In March 2018, Robert Hainey filed a civil case in Kent County Superior Court, Rhode Island against Start Scientific, Inc. claiming breach of contract related to funds invested in Start Scientific in 2017 for which shares had not been issued. &nbsp;By mutual agreement of the parties, the case was withdrawn, and settlement negotiations were entered into. &nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=justify>&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=justify>In spite of the obligation to issue the shares purchased, management did not previously disclose the shares to be issued or the existence of the pending litigation. &nbsp;Current management, in discussion with the Company&#146;s auditors will record the total liability and penalties in the financial statements for the year ended December 31, 2018, and disclose the above referenced settlement, and its impact in the reported financial statements which are being completed at this time. &nbsp;&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">The disclosures and financial statements will include the following information:</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=justify>In March 2020, the parties reached final agreement regarding the terms and filed an &#147;Agreed Judgment&#148; on March 16, 2020 in the District Court of Oklahoma County, Oklahoma (where the corporate office of Start Scientific was domiciled). &nbsp;Under the terms of the Agreement:</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px" align=justify>&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px 0px 0px 36pt" align=justify><kbd style="POSITION:absolute; FONT:11pt Symbol; MARGIN-LEFT:-18pt">&#183;</kbd>Defendant, Start Scientific, Inc., shall pay to Plaintiff (Hainey) $450,000, the amount required to reimburse the initial investment plus liquidated damages;&nbsp;</p> <p style="MARGIN-BOTTOM:3pt; MARGIN-TOP:0pt; COLOR:#000000; FONT:11pt Times New Roman; MARGIN-LEFT:36pt" align=justify>&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px 0px 0px 36pt" align=justify><kbd style="POSITION:absolute; FONT:11pt Symbol; MARGIN-LEFT:-18pt">&#183;</kbd>Defendant, Start Scientific, Inc., shall pay to Plaintiff (Hainey) $25,000, for Plaintiff&#146;s attorney fees and costs;&nbsp;</p> <p style="MARGIN-BOTTOM:3pt; MARGIN-TOP:0pt; COLOR:#000000; FONT:11pt Times New Roman; MARGIN-LEFT:36pt" align=justify>&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px 0px 0px 36pt" align=justify><kbd style="POSITION:absolute; FONT:11pt Symbol; MARGIN-LEFT:-18pt">&#183;</kbd>Defendant, Start Scientific, Inc., shall pay to Plaintiff (Hainey) one hundred (100) shares of Series A preferred stock in Start Scientific, Inc.&nbsp;</p> <p style="MARGIN-BOTTOM:3pt; MARGIN-TOP:0pt; COLOR:#000000; FONT:11pt Times New Roman; MARGIN-LEFT:36pt" align=justify>&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px 0px 0px 36pt" align=justify><kbd style="POSITION:absolute; FONT:11pt Symbol; MARGIN-LEFT:-18pt">&#183;</kbd>Plaintiff has agreed , in consideration of the terms set forth herein, to release the claims against Defendant as asserted in Plaintiff&#146;s Petition. &nbsp;&nbsp;</p> <p style="MARGIN-BOTTOM:3pt; MARGIN-TOP:0pt; COLOR:#000000; FONT:11pt Times New Roman">&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px"><font style="BORDER-BOTTOM:#000000 1px solid">SIGNATURES</font></p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px; TEXT-INDENT:36pt">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.</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px; TEXT-INDENT:36pt">&nbsp;</p> <table style="BORDER-TOP:#ffffff 1pt solid; BORDER-RIGHT:#ffffff 1pt solid; WIDTH:468pt; BORDER-COLLAPSE:collapse; BORDER-BOTTOM:#ffffff 1pt solid; MARGIN-LEFT:5.4pt; BORDER-LEFT:#ffffff 1pt solid" bgcolor=#cdd4e9> <tr style=HEIGHT:14.5pt> <td style="WIDTH:154.45pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px">&nbsp;</p></td> <td style="WIDTH:88.9pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px">&nbsp;</p></td> <td style="WIDTH:224.65pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px"><font style=FONT-SIZE:11pt><b>Start Scientific, Inc.</b></font></p></td></tr> <tr style=HEIGHT:8.6pt> <td style="WIDTH:154.45pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p></td> <td style="WIDTH:88.9pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p></td> <td style="WIDTH:224.65pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p></td></tr> <tr style=HEIGHT:14.5pt> <td style="WIDTH:154.45pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px"><font style=FONT-SIZE:11pt>Date:&nbsp;&nbsp;June 25, 2020</font></p></td> <td style="WIDTH:88.9pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:10pt Times New Roman; MARGIN:0px">&nbsp;</p></td> <td style="WIDTH:224.65pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px"><font style="FONT-SIZE:11pt; BORDER-BOTTOM:#000000 1px solid">By<b>:&nbsp;&nbsp;/s/ <i>Erwin Vahlsing, Jr.</i>________</b></font></p></td></tr> <tr style=HEIGHT:7.2pt> <td style="WIDTH:154.45pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p></td> <td style="WIDTH:88.9pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p></td> <td style="WIDTH:224.65pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">Erwin Vahlsing, Jr.</p></td></tr> <tr style=HEIGHT:7.2pt> <td style="WIDTH:154.45pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p></td> <td style="WIDTH:88.9pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p></td> <td style="WIDTH:224.65pt; PADDING-BOTTOM:4pt; PADDING-TOP:4pt; PADDING-LEFT:4pt; PADDING-RIGHT:4pt" valign=top> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">Chief Financial Officer</p></td></tr></table> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p> <p style="COLOR:#000000; FONT:11pt Times New Roman; MARGIN:0px">&nbsp;</p> <hr style="BORDER-TOP:0px; HEIGHT:0px; BORDER-RIGHT:0px; WIDTH:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px; MARGIN:14pt 0px 0px"> </div></body>
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Start Scientific - 8K
______________________________________
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 15 , 2018
START SCIENTIFIC, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware
000-52227
20-4910418
(State of Other Jurisdiction
(Commission File
(IRS Employer
Of Incorporation)
Number)
Identification No.)
24 Quaker Lane
Warwick, RI
02886
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (401) 753-4260
(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet of a Registrant
Commitments and Litigation
In March 2018, Robert Hainey filed a civil case in Kent County Superior Court, Rhode Island against Start Scientific, Inc. claiming breach of contract related to funds invested in Start Scientific in 2017 for which shares had not been issued.  By mutual agreement of the parties, the case was withdrawn, and settlement negotiations were entered into.
In spite of the obligation to issue the shares purchased, management did not previously disclose the shares to be issued or the existence of the pending litigation.  Current management, in discussion with the Company's auditors will record the total liability and penalties in the financial statements for the year ended December 31, 2018, and disclose the above referenced settlement, and its impact in the reported financial statements which are being completed at this time.
The disclosures and financial statements will include the following information:
In March 2020, the parties reached final agreement regarding the terms and filed an "Agreed Judgment" on March 16, 2020 in the District Court of Oklahoma County, Oklahoma (where the corporate office of Start Scientific was domiciled).  Under the terms of the Agreement:
·
Defendant, Start Scientific, Inc., shall pay to Plaintiff (Hainey) $450,000, the amount required to reimburse the initial investment plus liquidated damages;
·
Defendant, Start Scientific, Inc., shall pay to Plaintiff (Hainey) $25,000, for Plaintiff's attorney fees and costs;
·
Defendant, Start Scientific, Inc., shall pay to Plaintiff (Hainey) one hundred (100) shares of Series A preferred stock in Start Scientific, Inc.
·
Plaintiff has agreed , in consideration of the terms set forth herein, to release the claims against Defendant as asserted in Plaintiff's Petition.
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.
Start Scientific, Inc.
Date:  June 25, 2020
By
:  /s/
Erwin Vahlsing, Jr.
________
Erwin Vahlsing, Jr.
Chief Financial Officer