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| KENT > SEC Filings for KENT > Form 8-K on 27-Feb-2013 | All Recent SEC Filings |
27-Feb-2013
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Fina
On February 25, 2013, the Registrant filed a Certificate of Amendment to the Registrant's Articles of Incorporation (the "Amendment") with the Secretary of State of Nevada. The Amendment will be effective on March 4, 2013 (the "Effective Date"). On the Effective Date, at 12:00 A.M., there will be a 2-for-1,771,175 reverse split of the Registrant's outstanding common stock. Fractional shares of those stockholders who own fewer than 1,771,175 pre-split shares of common stock on the Effective Date will be redeemed for cash calculated on the basis of $1.75 per pre-split share. The reverse stock split was previously approved by the Board of Directors and by a stockholder owning a majority of the shares of the common stock of the Registrant.
Prior to the filing of the Amendment, there were 2,690,517 shares of common stock (pre-split) issued and outstanding owned by approximately 1,208 stockholders of record. On the Effective Date, there will be 2 shares of common stock issued and outstanding owned by one stockholder of record.
As a result of the reverse stock split, the Company may and will de-register under the Securities Exchange Act of 1934, as amended, and its shares will no longer be quoted for trading on the OTCQB or elsewhere.
Exhibits
3.1 Certificate of Amendment to Articles of Incorporation filed on February 25, 2013
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