iGambit Inc. (OTCMKTS:IGMB) Files An 8-K Changes in Control of Registrant

iGambit Inc. (OTCMKTS:IGMB) Files An 8-K Changes in Control of Registrant
Item 5.01 Change in Control of Registrant.

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Item 3.03 Material Modification to Rights of Security Holders.

On August 2, 2018, the Registrant Filed a Certificated of Designation for a class of preferred stock designated Series A Preferred Stock (“Series A”). There are 1,000 shares of Series A designated. The Holders of Series A shall have voting rights, when combined with their existing holdings of the Registrant’s common stock, that entitle them to have an aggregate of 51% of the votes eligible to be cast by all stockholders with respect to all matters brought before a vote of the stock holders of the Registrant. Series A has no conversion, dividend or liquidation rights and has mandatory redemption conditions. Accordingly, the holders of Series A will, by reason of their voting power be able to control the affairs of the Registrant. The foregoing is only a summary of the certificate of designation for the Series A, which is filed as an exhibit hereto, The Registrant has issued 1,000 shares of A Stock to John Salerno, giving him effective voting control over the Registrant’s affairs.

Item 5.01 Changes in Control of Registrant.

On August 2, 2018, the Board of Directors of the Registrant issued 1,000 shares of Series A stock to its CEO John Salerno, in consideration for his services to the Registrant for the past two years without salary. The Series A Stock, when combined with the existing holdings of the Registrant’s common stock, gives him an aggregate of 51% of the votes eligible to be cast by all stockholders with respect to all matters brought before a vote of the stock holders of the Registrant, which gives him effective voting control over the Registrant’s affairs

Item 9.01 Financial Statements and Exhibits

Financial Information

None

Exhibits:

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