FANTEX,INC. (OTCMKTS:ANFRL) Files An 8-K Submission of Matters to a Vote of Security Holders

FANTEX,INC. (OTCMKTS:ANFRL) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.

Story continues below

On November 16, 2016, Fantex, Inc. (the “Company”) obtained the written consent of Fantex Holdings, Inc. (the “Majority Stockholder”), the holder of a majority of the voting power of the Company’s capital stock, approving amendments to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company’s Common Stock, at an exchange ratio of 1-for-200 shares of outstanding Common Stock (the “Reverse Split”), immediately followed by a forward stock split of the Company’s Common Stock, at an exchange ratio of 200-for-1 shares of outstanding Common Stock (the “Forward Split” and together with the Reverse Split, the “Reverse/Forward Split”). The Majority Stockholder voted all 100,939,556.474 shares of Common Stock beneficially owned by it as of November 16, 2016 in favor of the Reverse/Forward Split. Because the action was approved by written consent of stockholders without a meeting, there were no votes cast again or withheld, nor were there any abstentions or broker non-votes in connection with the approval of the Reverse/Forward Split by the Majority Stockholder.


About FANTEX, INC. (OTCMKTS:ANFRL)

Fantex, Inc. (Fantex) is an early-stage start-up company. Fantex is a brand acquisition, marketing and brand development company. The Company is focused on acquiring minority interests in the income associated with the brands of professional athletes. Its operations consist of evaluating, targeting and accessing brands, and negotiating the acquisition of minority interests in those brands that meet its criteria. It focuses on three areas: evaluating, targeting and accessing individuals and brands with the potential to generate significant income associated with these brands; acquiring minority interests in such brand income, and assisting the acquired brands via technology. The Company has brand contracts with various contract parties, including Vernon Davis, EJ Manuel, Mohamed Sanu, Alshon Jeffery, Michael Brockers and Jack Mewhort. The Company operates under a management agreement with its parent company, Fantex Holdings, Inc. The Company has a limited operating history.

An ad to help with our costs