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INTELLIGENT LIVING INC. FILES (8-K) Disclosing Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year

February 21, 2014



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

On January 14, 2014, Intelligent Living, Inc. filed Articles of Amendment with the State of Nevada to change the par value of the Issuer's common stock from its previously listed par value of $0.0001 to a par value of $0.001 per share. The Issuer also authorized 96,000 Preferred Series B 7% Royalty Interest Participating Preferred Stock with a par value of $0.0001 per share. The Issuer also filed with the State of Nevada a Certificate of Designation for the new Series B Preferred Stock.

Upon review of the Articles of Amendment management realized that the par value for the Series B Preferred Stock was listed at $0.0001 instead of the $1.00 contemplated by the Board in its resolution and reflected on the Certificate of Designation (Exhibit 3.2). Management is in the process of filing a new Amendment to the Articles of Incorporation correcting the par value for the Series B Preferred Stock from $0.0001 to $1.00 and will file a new 8-K to reflect the change upon receipt of the file stamped Articles of Amendment from the State of Nevada.


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Source: Edgar Glimpses


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