UNITED STATES OF AMERICA

SECURITIES AND EXCHANGE COMMISSION

  Washington, DC 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): February 22, 2010
CAPITAL FINANCIAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter

 
  
  
 
  
  
  
North Dakota
  
  
  
 
  
  
  
0-25958
  
  
  
 
  
  
  
45-0404061
  
  
  
 
  
 
 
  
  
 
  
  
  
(State or other
  jurisdiction of incorporation)
  
  
  
 
  
  
  
(Commission File

  Number)
  
  
  
 
  
  
  
(IRS Employer 

  Identification No.)
  
  
  
 
  
 

 



 
  
  
1 Main Street North,
   Minot, North Dakota
  
  
  
 
  
  
  
58703
  
 
 
  
  
(Address of
  principal executive offices)
  
  
  
 
  
  
  
(Zip Code)
  
 


Registrant's
telephone number, including area code: (701) 837-9600
(Former name or
ormer 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:

 
  
  
 
  
  
  
 
  
  
  
 
  
  
  
 
  
 
 
  
  
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Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)
  
 
 
  
  
 
  
  
  
 
  
  
  
 
  
  
  
 
  
 
 
  
  
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Soliciting material pursuant to Rule 14a-12 under the
  Exchange Act (17 CFR 240.14a-12)
  
 
 
  
  
 
  
  
  
 
  
  
  
 
  
  
  
 
  
 
 
  
  
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Pre-commencement communications pursuant to Rule 14d-2(b)
  under the Exchange Act (17 CFR 240.14d-2(b))
  
 
 
  
  
 
  
  
  
 
  
  
  
 
  
  
  
 
  
 
 
  
  
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Pre-commencement communications pursuant to Rule 13e-4(c)
  under the Exchange Act (17 CFR 240.13e-4(c))
  
 



 

 
  
  
Item 8.01. Other Events
  
 
 
  
  
 
  
  
  
 
  
 
 
  
  
 
  
  
  
The Board of Directors of
  Capital Financial Holdings, Inc. has authorized the formation of a new wholly
  owned subsidiary, Capital Energy Resources, Inc. Capital Energy Resources,
  Inc. will be located in Minot, North Dakota, operate as an oil and gas
  operating company and seek opportunities in petroleum and natural gas
  exploration and production. Capital Financial Holdings, Inc. is a holding
  company owning all of the equity interest in Capital Financial Services,
  Inc., Integrity Money Management, Inc. and Capital Energy Resources, Inc.
  
 



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.
CAPITAL FINANCIAL HOLDINGS, INC.
By: /s/ Bradley P. Wells
Bradley P. Wells
CEO, CFO & President
Dated: February 26, 2010