GREY CLOAK TECH INC. (OTCMKTS:GRCK) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03
|
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
Effective on February 24, 2017, our Articles of Incorporation
were amended to increase our authorized common stock from
75,000,000 shares, par value $0.001, to 500,000,000 shares, par
value $0.001, and to authorize 75,000,000 shares of preferred
stock, $0.001, the series, shares, rights and terms of which will
be set by our Board of Directors.
The increase in authorized common stock and the authorization of
preferred stock was unanimously approved by our Board of
Directors on December 22, 2016, and by a majority of our
outstanding shares of common stock at a special shareholder
meeting held on February 23, 2017.
| Item 5.07 |
Submission of Matters to a Vote of Security Holders. |
We held a Special Meeting of Shareholders on February 23, 2017,
in Las Vegas, Nevada. There were shareholders representing
10,987,980 votes present at the meeting, either in person or by
proxy, which represented approximately 64% of the 17,156,276
total outstanding votes of the Company, so a quorum was present.
The following agenda items, as set forth in the Companys
Definitive Proxy Statement on Schedule 14A filed with the
Securities and Exchange Commission, were approved:
1. To approve an amendment to our Articles of Incorporation to
increase the authorized common stock from 75,000,000 shares, par
value $0.001, to 500,000,000 shares, par value $0.001.
The agenda item passed with votes as follows:
|
For |
Against |
Abstain |
Percentage Approving |
| 10,932,930 | 49,150 | 5,900 | 63.7% |
2. To approve an amendment to our Articles of Incorporation to
authorize 75,000,000 shares of preferred stock, par value $0.001.
The agenda item passed with votes as follows:
|
For |
Against |
Abstain |
Percentage Approving |
| 10,826,640 | 158,150 | 3,190 | 63.1% |
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3. To approve an amendment to our Articles of Incorporation to
effect a reverse stock split of our common stock at a ratio up to
1-for-100, the exact ratio and timing of which will be set by our
Board of Directors at a future date no later than December 31,
2017.
The agenda item passed with votes as follows:
|
For |
Against |
Abstain |
Percentage Approving |
| 10,833,873 | 370,762 | 3,100 | 63.1% |
A more detailed description of each agenda item at the Special
Shareholders Meeting can be found in our Definitive Proxy
Statement on Schedule 14A filed with the Securities and Exchange
Commission on February 1, 2017.
Section 9 Financial Statements and Exhibits
| Item 9.01 | Financial Statements and Exhibits. |
(d)Exhibits
| 3.1 | Certificate of Amendment to the Articles of Incorporation |
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About GREY CLOAK TECH INC. (OTCMKTS:GRCK)
Grey Cloak Tech Inc. is engaged in developing a cloud-based software to detect advertising fraud on the Internet. The Company’s cloud-based product, Fraudlytic, is a secure platform that detects, analyzes and destroys bots while allowing consumer traffic to click and view digital advertisements. Fraudlytic’s suite of filters detects various permutations of digital advertising fraud, including cookie stuffing, advertisement stacking, and domain spoofing to allow advertisers to regain control of their advertising budget. Its software application has been uploaded to the Amazon cloud and the overall system runs over My Structured Query Language (MySql) instances using the Amazon storage area network (SAN) for storage of the data. Its TrueClick Compliance product includes the features of the basic TrueClick package with the addition of a selective online marketing feature, which is useful for regulated industries in state or federal compliance. GREY CLOAK TECH INC. (OTCMKTS:GRCK) Recent Trading Information
GREY CLOAK TECH INC. (OTCMKTS:GRCK) closed its last trading session down -0.0050 at 0.0800 with shares trading hands.