AUSCRETE CORPORATION (OTCMKTS:ASCK) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal YearItem 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On June 6, 2017, the Board of Directors of Auscrete Corporation (the “Company”) approved an amendment and restatement of the Company’s Articles of Incorporation attached hereto as Exhibit 3(i). The purpose of the amendment and restatement of the Articles of Incorporation was to increase the number of authorized shares of Common Stock to 20,000,000,000.
Item 5.07 Submission of Matters to a Vote of Security Holders
On June 6, 2017, the Board of Directors and holders of a majority of the voting rights of the Company’s capital stock approved a restatement of the Company’s Articles of Incorporation and Bylaws as more particularly described in Item 5.03 above.
Also, on June 6, 2017, holders of a majority of the voting rights of the Company approved a 100 to 1 reverse split of the Company’s Common Stock (“Reverse Split”), meaning that each 100 shares of Common Stock will be consolidated into 1 share of Common Stock following the reverse split, provided however, that fractional shares would be rounded up to the nearest whole share. Notice of the action taken by holders of a majority of the voting rights of the Company was provided to non-consenting shareholders in accordance with Wyoming law.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
3(i)
Amended and Restated Articles of Incorporation of Auscrete Corporation.