UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
SCHEDULE
13D/A
Amendment
No. 1
Under
the Securities Exchange Act of 1934
TEXHOMA
ENERGY, INC.
(Name of
Issuer)
COMMON
STOCK, PAR VALUE $0.001 PER SHARE
(Title of
Class of Securities)
882898208
(CUSIP
Number)
William
M. Simmons
1000
Guadalupe #2C
Kerrville,
Texas 78028
Telephone:
(713) 446-8718
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
April 20,
2008
(Date of
Event which Requires Filing of this Statement)
If the
filing person has previously filed a statement on Schedule 13G to report the
acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [
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The
information required in the remainder of this cover page shall not be deemed to
be filed for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act.
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Names
of Reporting Persons.
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I.R.S.
Identification Nos. of above persons (entities only).
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William
M. Simmons
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Check
the Appropriate Box if a Member of a Group
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(a)[
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(b)[
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SEC
Use Only
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Source
of Funds
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N/A
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Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or
2(e)
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[
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[ ]
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Citizenship
or Place of Organization
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Canadian
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| Sole Voting Power
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Number
of
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1,000,000
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Shares
Bene-
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ficially
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| Shares Voting Power
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Owned
by Each
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N/A
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Reporting
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Person
With
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| Sole Dispositive Power
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10 | Shared Dispositive Power
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N/A
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Aggregate
Amount Beneficially Owned by Each Reporting Person
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1,000,000
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Check
if the Aggregate Amount in Row (11) Excludes Certain
Shares
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N/A
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Percent
of Class Represented by Amount in Row (11)
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0.4%
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Type
of Reporting Person
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IN
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Item
1. Security and Issuer
This
Schedule 13D/A relates to the Common Stock of Texhoma Energy, Inc. (the
“Company”). The principal executive offices of the Company are
located at 100 Highland Park Village #200, Dallas, Texas 75205.
Item
2. Identity and Background
(a)-(c) This
Statement on Schedule 13D is being filed by William M. Simmons. Mr.
Simmons’ business address is 1000 Guadalupe #2C, Kerrville, Texas
78028. Mr. Simmons is the former President and Director of the
Company.
(d)-(e) During
the last five years, Mr. Simmons: (i) has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors); or (ii) was
not a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) Mr.
Simmons is a citizen of the United States.
Item
3. Source of Amount of Funds or Other Compensation
Valeska
Energy Corp. (“Valeska”) directly owns 44,400,000 shares of the Company’s common
stock, 60,000,000 options to purchase shares of the Company’s commons tock and
1,000 shares of the Company’s preferred stock. William M. Simmons
previously served as President and Chief Executive Officer of Valeska and
therefore indirectly beneficially owned those shares owned by
Valeska. On April 20, 2008, Mr. Simmons resigned as President and
Chief Executive Officer of Valeska, and therefore no longer indirectly
beneficially owns the 44,400,000 shares of the Company’s common stock,
60,000,000 options to purchase shares of the Company’s common stock and the
1,000 shares of the Company’s preferred stock. Concurrently with his
resignation from Valeska, Mr. Simmons also resigned as President and Director of
the Company.
In
connection with Mr. Simmons’ resignation as President and Director of the
Company, he entered into a settlement agreement and mutual release, pursuant to
which he will be issued 6,500,000 restricted shares of the Company’s common
stock. These shares have not been issued to date, and therefore he
currently owns only 1,000,000 shares of the Company’s common
stock. Assuming the issuance of the 6,500,000 shares, Mr. Simmons
will own 3% of the Company’s outstanding common stock.
Item
4. Purpose of Transaction
Mr.
Simmons did not acquire any securities in the transaction that is being
reported, other than the 6,500,000 shares that he is to receive pursuant to the
settlement agreement and mutual release (as described in Item 3). In
the future, depending on general market and economic conditions affecting the
Company and other relevant factors, Mr. Simmons may purchase additional
securities of the Company or dispose of some or all of securities he currently
owns from time to time in open market transactions, private transactions or
otherwise.
Other
than what was described in Item 3, Mr. Simmons does not currently have any plans
or proposals which relate to or would result in:
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(a)
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the
acquisition by persons of additional securities of the Company, or the
disposition of securities of the
Company;
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(b)
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a
reorganization involving the
Company;
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(c)
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a
sale or transfer of a material amount of assets of the Company or any of
its subsidiaries;
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(d)
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a
change in the present board of directors and management of the Company,
including plans or proposals to change the number or term of directors or
to fill any existing vacancies on the
board;
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(e)
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a
material change in the present capitalization or dividend policy of the
Company;
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(f)
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other
material changes in the Company’s business or corporate
structure;
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(g)
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changes
in the Company’s charter, bylaws or instruments corresponding thereto or
other actions which may impede the acquisition of control of the Company
by any person;
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Mr.
Simmons does not have any plans or proposals which relate to or result
in:
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(h)
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causing
a class of securities of the Company to be delisted from a national
securities exchange or cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities
association;
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(i)
a
class of equity securities of the Company becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Securities Exchange Act of
1934; or
(j)
any
action similar to any of those enumerated in (h) through (i),
above.
Item
5. Interest in Securities of the Issuer
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(a)
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Mr.
Simmons beneficially owns 1,000,000 shares, or 0.4% of common stock of the
Company, based on 231,412,224 shares of common stock issued and
outstanding as of the date of the Company’s last filing with the
Commission. Mr. Simmons is due to receive an additional
6,500,000 shares from the Company subsequent to the filing of this
Schedule, and will then hold 7,500,000 shares or 3% of the Company’s then
outstanding common stock.
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(b)
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Mr.
Simmons has the sole power to vote or to direct the vote, and the sole
power to dispose or to direct the disposition of all 1,000,000 of the
shares beneficially owned by Mr.
Simmons.
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(d)
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No
other person has the right to receive or the power to direct the receipt
of dividends from or the proceeds from the sale of the securities
beneficially owned by Mr. Simmons.
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(e)
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As
discussed in Item 3, Mr. Simmons ceased to be the beneficial owner of more
than five percent of the Company’s common stock on or about April 20,
2008.
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Item
6. Contracts, Arrangements, Understanding or Relationships with Respect to
Securities of the Issuer
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In
connection with Mr. Simmons’ resignation as President and Director of the
Company, he entered into a settlement agreement and mutual release, pursuant to
which he will be issued 6,500,000 restricted shares of the Company’s common
stock. These shares have not been issued to date.
Item
7. Material to be Filed as Exhibits
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
Dated:
May 20, 2008
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By:
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/s/ William M.
Simmons
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William M.
Simmons
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