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