PAYBOX CORP (OTCMKTS:PBOX) Files An 8-K Other Events
Item 8.01 Other Events.
of stockholders (the Special Meeting) to consider and vote upon a
proposal to approve a reverse stock split will be held at the
offices of Marcum LLP, 450 East Las Olas Boulevard, Ninth Floor,
Fort Lauderdale FL 33301, on Wednesday, May 3, 2017, at 10:00
A.M. EST. The proposed reverse stock split is in the ratio of
1:200, and stockholders holding less than 200 shares would be
cashed out at a price of $0.40 per share.
of business on April 11, 2017 will be entitled to notice of the
Special Meeting and to vote and have their votes counted at the
Special Meeting.
and incorporated herein by reference.
Securities Exchange Commission (SEC), and will mail to
stockholders of record of the Company as of April 11, 2017, a
definitive proxy statement in connection with its solicitation of
proxies for the Special Meeting. This Current Report on Form 8-K
does not contain all the information that should be considered
concerning the reverse stock split proposal. It is not intended
to provide the basis for any investment decision or any other
decision in respect to the proposal. The Companys stockholders
and other interested persons are advised to read the definitive
proxy statement, and the Companys Schedule 13E-3 and related
exhibits filed with the SEC in connection with the Companys
solicitation of proxies for the Special Meeting, as these
materials contain important information about the Company and the
Proposal. Stockholders can also obtain copies of the definitive
proxy statement and other documents filed with the SEC, without
charge, at the SECs web site at www.sec.gov, or by directing a
request to: Matthew Oakes, Chief Executive Officer, Paybox Corp,
500 East Broward Boulevard, Suite 1550, Ft. Lauderdale, FL 33394.
deemed to be participants in the solicitation of proxies from the
stockholders of the Company in connection with the Proposal.
Information regarding the special interests of these directors
and executive officers in the Proposal is included in the
definitive proxy statement. Additional information regarding the
directors and executive officers of the Company is also included
in the Companys Annual Report on Form 10-K for the year ended
December 31, 2016, which is available free of charge at the SEC
web site at www.sec.gov and at the address described above.
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Exhibit No.
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Description
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99.1
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Press Release of Paybox Corp dated April 11, 2017,
furnished herewith. |
About PAYBOX CORP (OTCMKTS:PBOX)
Paybox Corp., formerly Direct Insite Corp., is a software as a service provider (SaaS) that provides a unified working capital management platform. The Company’s component of its unified working capital management platform is PAYBOX, an order to cash process that provides a receivables automation solution, which combines electronic invoicing, online approvals and adjustments, Payment Card Industry (PCI) compliant electronic payments and integration with various legacy accountings, enterprise resource planning (ERP) or lockbox system. Banks and corporations use PAYBOX to manage day’s sales outstanding and manage straight-through accounts receivables (AR) posting. Its unified working capital management platform also provides a component that transforms procure to pay processes. The Company provides a working capital management platform for order to cash and procure to pay processes that facilitates transactions annually between over 375,000 companies across the world. PAYBOX CORP (OTCMKTS:PBOX) Recent Trading Information
PAYBOX CORP (OTCMKTS:PBOX) closed its last trading session up +0.045 at 0.300 with shares trading hands.
