CirTran Corporation (OTCMKTS:CIRC) Files An 8-K Other Events
ITEM 8.01 OTHER EVENTS.
Explanatory Note
The following information corrects information set forth in the registration statement under 12(g) on Form 10-12G/A, as amended, filed on June 27, 2018 (SEC Accession No. 0001493152-18-009282).
Security Ownership of Certain Beneficial Owners and Management (Form 10 Item 4)
The following table sets forth certain information, as of March 15, 2019, respecting the beneficial ownership of our outstanding common stock by: (i) any holder of more than 5%; (ii) each of the Named Executive Officers (defined as any person who was principal executive officer during the preceding fiscal year and each other highest compensated executive officers earning more than $100,000 during the last fiscal year) and directors; and (iii) our directors and Named Executive Officers as a group, based on 4,499,918,984 shares of common stock outstanding as of March 15, 2019:
| Name of Person or Group(1) | Nature of Ownership | Amount | Percent |
| Principal Stockholder: | |||
| Iehab J. Hawatmeh | Common Stock | 211,553,877 | 4.7% |
| Options | 66,000,000 | 1.4% | |
| 277,553,877 | 6.1% | ||
| Directors: | |||
| Iehab J. Hawatmeh | Common Stock | 211,553,877 | 4.7% |
| Options | 66,000,000 | 1.4% | |
| 277,553,877 | 6.1% | ||
| Kathryn Hollinger | Common Stock | 26,002,520 | 0.6% |
| Options | 16,000,000 | 0.4% | |
| 55,335,853 | 1.2% | ||
| All Executive Officers and | |||
| Directors as a Group (2 persons): | Common Stock | 237,556,397 | 5.3% |
| Options | 82,000,000 | 1.8% | |
| 332,889,730 | 7.0% |
| (1) | Address for all stockholders is 4125 S 6000 W, West Valley City, UT 84128. |
| (2) | Consists of options accrued for services provided during 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, and 2018. These options can be exercised any time upon issuance at exercise prices ranging between $0.0001 and $0.016 per share. |
| (3) | Consists of options accrued for services provided during 2011, 2012, 2013, 2014, 2015, 2016, and 2017. These options can be exercised any time upon issuance at an exercise prices ranging from $0.0001 and $0.0021 per share. |
The persons named in the above table have sole voting and dispositive power respecting all shares beneficially owned, subject to community property laws where applicable. Beneficial ownership is determined according to the rules of the U.S. Securities and Exchange Commission, and generally means that a person has beneficial ownership of a security if he or she possesses sole or shared voting or investment power over that security. Each director, officer, or 5% or more stockholder, as the case may be, has furnished the information respecting beneficial ownership.
Description of Securities (Form 10 Item 11)
We are authorized to issue up to 4,500,000,000 shares of common stock, par value $0.001. As of March 15, 2019, we had 4,499,918,984 shares of common stock issued and outstanding and outstanding options to purchase 165,800,000 shares of common stock. This corrected number includes 1,027,752 shares that are subject to cancellation by agreement but are still evidenced by non-cancelled certificates not surrendered and 678 shares resulting from rounding errors, both of which we previously reported in our Form 10 as not outstanding.
Stockholders’ Deficit
We are authorized to issue up to 4,500,000,000 shares of $0.001 par value common stock. There were no shares issued during the years ended December 31, 2017 or 2016 resulting in total shares issued and outstanding of 4,499,918,984 as of March 15, 2019, and December 31, 2018, 2017, and 2016. The change in outstanding common stock would not have resulted in changes to per share earnings (loss) per share during any of our reporting periods.
About CirTran Corporation (OTCMKTS:CIRC)
CirTran Corporation is a contract manufacturing company. The Company provides complete product development and manufacturing services for a range of business sectors, which include beverages, retail products, media services, printed circuit board assembly, manufacturing services, cables, original equipment manufacturer (OEM) manufacturing and volume fabrication. The Company, through Racore Technology Corporation, offers engineering and design services. The Company offers engineering and design services to get user’s concept designed, documented and ready for prototype and production for electronic engineering design, printed circuit board and wiring harness, among others. It produces prototypes and small pre-production samples. The Company provides product containers from custom boxes with colorful graphics, bubble pack carded packaging for big box retail displays, and custom made bottles, cans and jars.