SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
World Am Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
98142E508
(CUSIP Number)
JOHN R SPRINGFIELD
PO Box 6793
Minneapolis MN 55406-0793
612-721-4316
(Name, address and telephone number of person
authorized to receive notices and communications)
December 7, 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-l(e), 240.13d-l(f) or 240.13d-l(g), check the
following box. [ ]
The information required on 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.
(1) NAME OF REPORTING PERSONS
JOHN R SPRINGFIELD
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
PF
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF (7) SOLE VOTING POWER
12,386,856
SHARES -----------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
-0-
OWNED BY -----------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
12,386,856
REPORTING ------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
-0-
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,386,856
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(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
9.0%
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(14) TYPE OF REPORTING PERSON
IN
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ITEM 1. SECURITY AND ISSUER.
This statement relates to the Common Stock, $0.0001 par value, of World Am,
Inc. The principal executive offices of the Issuer are located at 4040
MacArthur Boulevard, Suite 240, Newport Beach, California 92660.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is being filed by John R. Springfield (the "Reporting Person"),
a citizen of the United States and an individual investor whose address is PO
Box 6793, Minneapolis MN 55406-0793. He is employed in the health field, and
his investments are private. The reporting person has not during the last
five years been (i) convicted in a criminal proceeding, or (ii) been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of which it 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The reporting person has used only personal funds to acquire shares of Common
Stock.
ITEM 4. PURPOSE OF TRANSACTION
The reporting person acquired the Common Stock for investment purposes. The
reporting person will continue to evaluate his ownership and voting position
in the Issuer and may consider the following future courses of action: (i)
continuing to hold the Common Stock for investment; (ii) disposing of all or a
portion of the Common Stock in open market sales; or (iii) acquiring
additional shares of common stock in the open market. The reporting person has
not as yet determined which of the courses of action specified in this
paragraph he may ultimately take. The reporting person's future actions with
regard to this investment are dependent on his evaluation of a variety of
circumstances affecting the Issuer in the future, including the market price
of the Issuer's Common Stock and the Issuer's prospects.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The reporting person purchased 2,000,000 shares of the issuer on December
1, 2008, making him the beneficial owner of 12,386,856 shares of Common Stock,
which represents approximately 9.0% of the outstanding shares of Common Stock.
(b) As of December 1, 2008, the reporting person has sole power to vote or
dispose of all 12,386,856 shares.
(c) Transactions in Common Stock during the past sixty days or since the most
recent filing of Schedule 13D, whichever is less, is shown below in Schedule
A. All of the transactions in the Common Stock were effected by the reporting
person in the open market.
Schedule A
Date of Transaction Quantity Purchased(Sold) Price Per Share$
12/01/2008 +2,000,000 0.0005
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(d) No person other than the reporting person is known to have the right to
receive, or the power to direct the receipt of, dividends from, or proceeds
from the sale of, the shares of Common Stock reported in this Statement.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
The reporting person has no contracts, arrangements, understandings, or
relationships (legal or otherwise) with any person with respect to securities
of the Issuer, including transfer or voting thereof, finder's fees, joint
ventures, loan or option arrangements, put or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of proxies.
ITEM 10. CERTIFICATION.
By signing below we certify that, to the best of our knowledge and belief, the
securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
Dated:
December 9, 2008
By: /s/ John R Springfield
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Name: John R Springfield
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