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

May 1, 2014



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

On April 25, 2014, Board of Directors (the "Board") of Calpian, Inc. (the "Company") unanimously authorized a change in the Company's fiscal year end from December 31st to March 31st, beginning on March 31, 2014. The Company's equity investees, Digital Payments Processing Limited and My Mobile Payments Limited, are required to submit to the Indian government audited financial statements as of March 31st of each year. In order to align the Company's audit resources and reduce duplication of efforts, the Board, believing it to be appropriate and in the best interest of the Company, changed the Company's fiscal year end.

Under the applicable rules of the Securities and Exchange Commission, the Company intends to file a transition report on Form 10-K that will cover the three-month transition period from January 1, 2014 to March 31, 2014 on or about June 30, 2014.

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Source: Edgar Glimpses