As previously reported to the Commission, on December 19, 2018, Capstone Companies, Inc., a Florida corporation, (\”Company\”) entered into a Rule 10b5-1 Purchase Plan (the \”Purchase Plan\”) with Wilson Davis & Co., Inc., a registered broker-dealer, (“WDI”), which Purchase Plan was made to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, with respect to open market purchases of shares of common stock (the \”Shares\”) of the Company. On September 23, 2019, the Company signed a revised Purchase Plan to reflect the continuation of the stock purchase program.

This above description of the new Purchase Plan does not purport to be complete and is qualified in its entirety by the text of the extended Purchase Plan, a copy of which is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

The Company cannot predict when or if it will repurchase any shares of common stock as such stock repurchase program will depend on a number of factors, including constraints specified in the Purchase Plan, price, general business and market conditions, and alternative investment opportunities. Information regarding share repurchases will be available in the Company’s periodic reports on Form 10-Q and 10-K filed with the Commission as required by the applicable rules of the Securities Exchange Act of 1934, as amended, (“Exchange Act”).

This Form 8-K report contains forward-looking information, as that term is defined under the Exchange Act, including information regarding purchases by the Company of its common stock to a Rule 10b5-1 trading plans. By their nature, forward-looking information and statements are subject to risks, uncertainties, and contingencies, including changes in price and volume and the volatility of the Company’s common stock; adverse developments affecting either or both of prices and trading of publicly quoted or traded securities, including securities quoted on The OTC Markets Group, Inc. QB Venture Market and unexpected or otherwise unplanned or alternative requirements with respect to the capital investments of the Company. The Company does not undertake to update any forward-looking statements or information, including those contained in this report.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

CAPSTONE COMPANIES, INC. Exhibit
EX-99.1 2 form8k101619ex99-1.htm Exhibit 99-1 Rule 10b5-1 Purchase Plan between Capstone Companies,…
To view the full exhibit click here

About CAPSTONE COMPANIES, INC. (OTCMKTS:CAPC)

Capstone Companies, Inc. (CAPC) is a holding company. The Company designs and manufactures a line of specialty power failure lighting solutions and other specialty consumer products for the North American and Global retail markets through its operating subsidiary. Its product line consists of consumer lighting products, including power failure multi-function handheld lights, power failure multi-function nightlights and wall-plates, decorative nightlights, wireless motion sensor lights, remote control battery powered accent lights and remote control outlets. Its products are sold under Capstone Industries, Inc. (CAPI) brand name, Capstone Lighting, and also under a licensed brand. The Company oversees the manufacturing of its products through its three operating subsidiaries: CAPI, Capstone International H.K Ltd. (CIHK) and Capstone Lighting Technologies, Inc. (CLTL). The Company is focused on establishing relationships with international, national and regional retailers.