CODE GREEN APPAREL CORP. (OTCMKTS:CGAC) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendment to Articles of Incorporation or Bylaws;
Change in Fiscal Year
Certificate of Amendment to Articles of Incorporation
On April 12, 2017, the Board of Directors of Code Green Apparel
Corp., a Nevada corporation (the Company) and the Companys
majority shareholder (i.e., George J. Powell, III, the Companys
Chief Executive Officer and Director, who holds (i) 1,000 shares
of Series A Preferred Stock, which provides the holder thereof
the right to vote 51% of the vote on all shareholder matters and
(ii) 89,115,016 shares of the Companys outstanding common stock),
via a written consent to action without meeting, approved the
filing of a Certificate of Amendment to our Articles of
Incorporation to increase the authorized common stock of the
Company, from one billion (1,000,000,000) shares of common stock,
$0.001 par value per share, to one billion, nine hundred and
ninety million (1,990,000,000) shares of common stock, $0.001 par
value share (the Amendment).
The Amendment did not change (a) the number of authorized shares
of our preferred stock, which remained ten million (10,000,000)
shares of preferred stock, $0.001 par value per share; (b) the
rights of our Board of Directors to designate the rights and
preferences of such preferred stock (as further described in our
Articles of Amendment, as amended); or (c) the previously
designated series of our preferred stock.
On April 13, 2017, the Company filed the Amendment with the
Nevada Secretary of State, which became effective on the same
date.
Item 9.01.Financial Statements and Exhibits.
| Exhibit No. | Description |
| 3.1* |
Certificate of Amendment to the Articles of Incorporation of Code Green Apparel Corp. (increasing the authorized capitalization to 2,000,000,000 shares, representing 1,990,000,000 shares of common stock and 10,000,000 shares of preferred stock), as filed with the Secretary of State of Nevada on April 13, 2017 |
* Filed herewith.
About CODE GREEN APPAREL CORP. (OTCMKTS:CGAC)
Code Green Apparel Corp., formerly J.D. Hutt Corporation, is engaged in the business of manufacturing, selling, marketing and outfitting companies of all sizes and industries with eco-friendly apparel. The Company offers apparels made from recycled textiles. The Company’s corporate apparel market encompasses a range of apparel products and accessories, including uniforms, caps, t-shirts, aprons, pants, shorts, jackets and accessories. The Company provides its line of recycled clothing to organizations of various sizes, hosting promotional, fundraising and special events. Its apparel collection is also available to distributors and screen printers through its wholesale distribution channel. As of December 31, 2015, the Company had not generated any revenues. CODE GREEN APPAREL CORP. (OTCMKTS:CGAC) Recent Trading Information
CODE GREEN APPAREL CORP. (OTCMKTS:CGAC) closed its last trading session up +0.00220 at 0.00720 with 5,519,942 shares trading hands.
