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 9, 2005
                                                 -------------------------------

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

          Delaware                       0-30291                65-0735872
--------------------------------------------------------------------------------
(State or other jurisdiction     (Commission File Number)      (IRS Employer
      of incorporation)                                      Identification No.)

      12060 FM 3083, Conroe, Texas                                       77301
--------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number, including area code:  (936) 441-5100
                                                   -----------------------------

--------------------------------------------------------------------------------
         (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 (see General Instruction A.2.below):

[ ]   Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


                                       1
<PAGE>

Section 1 - Registrant's Business and Operations

Item 1.01   Entry into a Material Definitive Agreement.

      Not applicable.

Item 1.02   Termination of a Material Definitive Agreement.

      Not applicable.

Item 1.03   Bankruptcy or Receivership.

      On March 9, 2005, Excalibur Holdings, Inc., a wholly-owned subsidiary of
Excalibur Industries, Inc. and the parent corporation of Shumate Machine Works,
Inc., filed a voluntary petition for protection under Chapter 7 of the U.S.
Bankruptcy Code in the United States Bankruptcy Court, Southern District of
Texas. Excalibur Holdings identified an aggregate amount of approximately
$13,600,000 in liabilities on its debtor schedules in the bankruptcy proceeding.
As a result of this bankruptcy filing, 100% of the capital stock of Shumate
Machine Works, Inc. has become the sole asset of the bankruptcy estate. The
capital stock of Shumate Machine Works has been pledged to secure the
obligations of Excalibur Holdings to its senior lender, Stillwater National
Bank. It is possible that, in connection with the bankruptcy proceedings, the
capital stock of Shumate could be sold to Stillwater National Bank or a third
party. In the event that the capital stock of Shumate is put up for sale,
Excalibur Industries intends to bid on the capital stock. Neither Excalibur
Industries nor Shumate Machine Works filed for bankruptcy protection.

Section 2 - Financial Information

Item 2.01   Completion of Acquisition or Disposition of Assets.

      Not applicable.

Item 2.02   Results of Operations and Financial Condition.

      Not applicable.

Item 2.03   Creation of a Direct Financial Obligation or an Obligation under an
            Off-Balance Sheet Arrangement of a Registrant.

      Not applicable.

Item 2.04   Triggering Events That Accelerate or Increase a Direct Financial
            Obligation or an Obligation Under an Off-Balance Sheet Arrangement.

      Not applicable.

Item 2.05   Costs Associated with Exit or Disposal Activities.

      Not applicable.

Item 2.06   Material Impairments.

      Not applicable.

Section 3 - Securities and Trading Markets

Item 3.01   Notice of Delisting or Failure to Satisfy a Continued Listing Rule
            or Standard: Transfer of Listing.

      Not applicable.


                                       2
<PAGE>

Item 3.02   Unregistered Sales of Equity Securities.

      Not applicable.

Item 3.03   Material Modification to Rights of Security Holders.

      Not applicable.

Section 4 - Matters Related to Accountants and Financial Statements

Item 4.01   Changes in Registrant's Certifying Accountant.

      Not applicable.

Item 4.02   Non-Reliance on Previously Issued Financial Statements or a Related
            Audit Report or Completed Interim Review.

      Not applicable.

Section 5 - Corporate Governance and Management

Item 5.01   Changes in Control of Registrant.

      Not applicable.

Item 5.02   Departure of Directors or Principal Officers; Election of Directors;
            Appointment of Principal Officers.

      Not applicable.

Item 5.03   Amendments to Articles of Incorporation or Bylaws: Change in Fiscal
            Year.

      Not applicable.

Item 5.04   Temporary Suspension of Trading Under Registrant's Employee Benefit
            Plans.

      Not applicable.

Item 5.05   Amendments to the Registrant's Code of Ethics, or Waiver of a
            Provision of the Code of Ethics.

      Not applicable.

Section 6 - [Reserved]

      Not applicable.

Section 7 - Regulation FD

Item 7.01   Regulation FD Disclosure.

      Not applicable.


                                       3
<PAGE>

Section 8 - Other Events

Item 8.01   Other Events.

      Not applicable.

Section 9 - Financial Statements and Exhibits

Item 9.01   Financial Statements and Exhibits.

      (a)   Financial Statements of Businesses Acquired.

            Not applicable.

      (b)   Pro Forma Financial Information.

            Not applicable.

      (c)   Exhibits.

            Not applicable.

                                   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.


                                      EXCALIBUR INDUSTRIES, INC.
                                      (Registrant)


Date:  March 11, 2005                 By:     /s/ Matthew C. Flemming
                                      ------------------------------------------
                                                  Matthew C. Flemming,
                                                  Chief Financial Officer,
                                                  Treasurer, Secretary, and
                                                  Executive Vice President


                                       4
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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 9, 2005
                                                 -------------------------------

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

          Delaware                       0-30291                65-0735872
--------------------------------------------------------------------------------
(State or other jurisdiction     (Commission File Number)      (IRS Employer
      of incorporation)                                      Identification No.)

      12060 FM 3083, Conroe, Texas                                       77301
--------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number, including area code:  (936) 441-5100
                                                   -----------------------------

--------------------------------------------------------------------------------
         (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 (see General Instruction A.2.below):

[ ]   Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))

                                       1
Section 1 - Registrant's Business and Operations

Item 1.01   Entry into a Material Definitive Agreement.

      Not applicable.

Item 1.02   Termination of a Material Definitive Agreement.

      Not applicable.

Item 1.03   Bankruptcy or Receivership.

      On March 9, 2005, Excalibur Holdings, Inc., a wholly-owned subsidiary of
Excalibur Industries, Inc. and the parent corporation of Shumate Machine Works,
Inc., filed a voluntary petition for protection under Chapter 7 of the U.S.
Bankruptcy Code in the United States Bankruptcy Court, Southern District of
Texas. Excalibur Holdings identified an aggregate amount of approximately
$13,600,000 in liabilities on its debtor schedules in the bankruptcy proceeding.
As a result of this bankruptcy filing, 100% of the capital stock of Shumate
Machine Works, Inc. has become the sole asset of the bankruptcy estate. The
capital stock of Shumate Machine Works has been pledged to secure the
obligations of Excalibur Holdings to its senior lender, Stillwater National
Bank. It is possible that, in connection with the bankruptcy proceedings, the
capital stock of Shumate could be sold to Stillwater National Bank or a third
party. In the event that the capital stock of Shumate is put up for sale,
Excalibur Industries intends to bid on the capital stock. Neither Excalibur
Industries nor Shumate Machine Works filed for bankruptcy protection.

Section 2 - Financial Information

Item 2.01   Completion of Acquisition or Disposition of Assets.

      Not applicable.

Item 2.02   Results of Operations and Financial Condition.

      Not applicable.

Item 2.03   Creation of a Direct Financial Obligation or an Obligation under an
            Off-Balance Sheet Arrangement of a Registrant.

      Not applicable.

Item 2.04   Triggering Events That Accelerate or Increase a Direct Financial
            Obligation or an Obligation Under an Off-Balance Sheet Arrangement.

      Not applicable.

Item 2.05   Costs Associated with Exit or Disposal Activities.

      Not applicable.

Item 2.06   Material Impairments.

      Not applicable.

Section 3 - Securities and Trading Markets

Item 3.01   Notice of Delisting or Failure to Satisfy a Continued Listing Rule
            or Standard: Transfer of Listing.

      Not applicable.

                                       2
Item 3.02   Unregistered Sales of Equity Securities.

      Not applicable.

Item 3.03   Material Modification to Rights of Security Holders.

      Not applicable.

Section 4 - Matters Related to Accountants and Financial Statements

Item 4.01   Changes in Registrant's Certifying Accountant.

      Not applicable.

Item 4.02   Non-Reliance on Previously Issued Financial Statements or a Related
            Audit Report or Completed Interim Review.

      Not applicable.

Section 5 - Corporate Governance and Management

Item 5.01   Changes in Control of Registrant.

      Not applicable.

Item 5.02   Departure of Directors or Principal Officers; Election of Directors;
            Appointment of Principal Officers.

      Not applicable.

Item 5.03   Amendments to Articles of Incorporation or Bylaws: Change in Fiscal
            Year.

      Not applicable.

Item 5.04   Temporary Suspension of Trading Under Registrant's Employee Benefit
            Plans.

      Not applicable.

Item 5.05   Amendments to the Registrant's Code of Ethics, or Waiver of a
            Provision of the Code of Ethics.

      Not applicable.

Section 6 - [Reserved]

      Not applicable.

Section 7 - Regulation FD

Item 7.01   Regulation FD Disclosure.

      Not applicable.

                                       3
Section 8 - Other Events

Item 8.01   Other Events.

      Not applicable.

Section 9 - Financial Statements and Exhibits

Item 9.01   Financial Statements and Exhibits.

      (a)   Financial Statements of Businesses Acquired.

            Not applicable.

      (b)   Pro Forma Financial Information.

            Not applicable.

      (c)   Exhibits.

            Not applicable.

                                   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.

                                      EXCALIBUR INDUSTRIES, INC.
                                      (Registrant)

Date:  March 11, 2005                 By:     /s/ Matthew C. Flemming
                                      ------------------------------------------
                                                  Matthew C. Flemming,
                                                  Chief Financial Officer,
                                                  Treasurer, Secretary, and
                                                  Executive Vice President

                                       4