Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
ISSI > SEC Filings for ISSI > Form 8-K on 30-Jul-2014All Recent SEC Filings




Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year,

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

Creation of Series 1 Redeemable Preferred Stock for Chingis Share Exchange

On July 28, 2014, Integrated Silicon Solution, Inc. (the "Company) filed a Certificate of Designation, which was effective upon filing, to amend the Company's Restated Certificate of Incorporation and authorize for issuance 324 shares of preferred stock to be designated as Series 1 Redeemable Preferred Stock (the "Series 1 Shares"). The Series 1 Shares are non-voting, are not entitled to receive dividends, and are not convertible into shares of common stock or any other securities of the Company.

The Series 1 Shares are being authorized to enable the Company to acquire the remaining less than 1.0% of the outstanding shares of common stock of Chingis Technology Corporation ("Chingis") through a share exchange under the laws of Taiwan whereby the Company will exchange one one-thousandth (1/1000th) of a Series 1 Share for each outstanding share of Chingis common stock not already held by the Company (the "Exchange"). Following the Exchange, each Series 1 Share may be redeemed for cash at a price of $559.35 per share. If all 324 of the Series 1 Shares are redeemed, the aggregate cost to the Company will be approximately $181,229, and the Company will own 100% of the outstanding shares of Chingis.

A copy of the Certificate of Designation is attached hereto as Exhibit 3.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

                       Number    Description

                       3.1       Certificate of Designation

  Add ISSI to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for ISSI - All Recent SEC Filings
Copyright © 2015 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.