News Column

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

August 29, 2014

Item 5.03 Amendment Articles of Incorporation or Bylaws; Change in



Fiscal Year.

On August 28, 2014, the Company effectuated a 50 to 1 forward split (the "Forward Split") of its issued and unissued common shares as of September 9, 2013, the record date. As a result, once the Forward Split is declared effective by the Financial Industry Regulatory Authority ("FINRA"), the issued and outstanding shares of common stock of the Company will increase from Four Million, Four Hundred Thousand (4,400,000) shares prior to the Forward Split to Two Hundred, Twenty Million (220,000,000) shares following the Forward Split. The number of authorized shares will increase from One Hundred Ten Million (110,000,000) to Five Billion, Five Hundred Million (5,500,000,000) common shares. Fractional shares will be rounded upward. Each shareholder of record will receive a dividend certificate, rather than surrendering outstanding stock certificates. The Certificate of Change specifies that the effective date of the Forward Stock Split with the Nevada Secretary of State is August 28, 2014; however, the effectiveness of the Forward Stock Split is subject to approval by FINRA.

The Company has submitted an Issuer Company-Related Action Notification Form to FINRA regarding the Forward Stock Split. FINRA's review of the Forward Stock Split is currently pending.

The Company will file a subsequent Current Report on Form 8-K upon confirmation from FINRA announcing the effectiveness of the Forward Split. A copy of the Certificate of Change is filed hereto as Exhibit 3.1(i)(c) and is hereby incorporated by reference.

Item 9.01 Exhibits



Exhibit

Number Description 3(i)(c) Certificate of Change - Dated August 28, 2014


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters