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

August 7, 2014



ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION

On August 5, 2014 the Registrant filed with the Nevada Secretary of State a Certificate of Designation of 35,750 shares of Series D Preferred Stock, which had been designated by the Registrant's Board of Directors as authorized by the Registrant's Articles of Incorporation. The holders of shares of Series D Preferred Stock will have the following rights:

? The holder of each share will have the right to cast the number of votes that

equals the votes that could be cast by the holder of 10,000 shares of common

stock.

? In the event of a liquidation of the Registrant, the holder of each share of

Series D Preferred Stock will be entitled to a liquidation preference of $.01.

? The holder will not participate in any dividend payable to the holders of the

common stock.



On August 4, 2014 the Registrant entered into an Exchange Agreement with Hubert Blanchette, pursuant to which the Registrant issued 20,000 shares of Series D Preferred Stock to Mr. Blanchette and he surrendered 200,000,000 shares of Common Stock. On the same day, the Registrant entered into an Exchange Agreement with Marilu Brassington, pursuant to which the Registrant issued 15,750 shares of Series D Preferred Stock to Ms. Brassington and she surrendered 157,500,000 shares of Common Stock. The two shareholders are the members of the Registrant's Board of Directors.


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Source: Edgar Glimpses


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