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): June 19, 2007
Health
Discovery Corporation
(Exact
name of registrant as specified in charter)
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Texas
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333-62216
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74--3002154
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(State
of incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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5501
½ Abercorn Street, Savannah, GA 31405
(Address
of principal executive offices / Zip Code)
912-352-7488
(Registrant’s
telephone number, including area code)
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:
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Written
communications pursuant to Rule 425 under the Securities
Act.
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Soliciting
material pursuant to Rule 14a-12 under the Exchange
Act.
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Pre-commencement
communications pursuant to Rule 14d—2(b) under the Exchange
Act.
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Pre-commencement
communications pursuant to Rule 13e—4(c) under the Exchange
Act.
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Item
8.01 Other Events.
On
June
13, 2007, Health Discovery Corporation (the “Company”) reconvened its special
meeting of the shareholders of the Company previously held on May 22, 2007
and
adjourned to allow for further solicitation of proxies with respect to the
proposal to change the state of incorporation and to authorize 30,000,000
shares
of preferred stock with preferences to be determined at the time of
issuance. At the reconvened meeting, holders of more
than
two-thirds of the outstanding common stock of the Company voted for the
authorization of the preferred stock with preferences to be determined at
the time of issuance and holders of more than two-thirds of the outstanding
common stock of the Company voted to approve the change in the state of
incorporation from Texas to Georgia. Management is currently in the process
of
taking the necessary steps to effect the approved proposals.
On
June
19, 2007, the Company entered into a settlement agreement (the “Settlement
Agreement”) among Bill G. Williams, Shirley K. Williams, and Automated Shrimp
Corporation (collectively, the “Defendants”), Stephen Barnhill as Third-Party
Defendant, and Baptist Community Services, Tim Holloway, Guadalupe Family
Limited Partnership, and Gerald Easterling as Intervenors in connection with
the
pending litigation styled Health
Discovery Corporation v. Williams et al.,
filed
in the District Court of McLennan County, State of Texas, Civil Action File
No.
10-04-00012-CV. Pursuant to the terms of the Settlement Agreement, each party
agreed to voluntarily dismiss with prejudice any and all claims it has against
each and every other party. In consideration for entering into the Settlement
Agreement, the Company agreed to issue in the aggregate 500,000 shares of
Company common stock to the Defendants.
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 thereunto
duly authorized.
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HEALTH
DISCOVERY CORPORATION
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Dated:
June 19, 2007
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By:
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/s/
Daniel Furth
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Daniel
Furth
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Principal
Financial Officer
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