SEANIEMAC INTERNATIONAL, LTD. (OTCMKTS:BETS) Files An 8-K Material Modification to Rights of Security Holders
Item 3.03 Material Modification to Rights of Security Holders.
On December 8, 2016, SeanieMac International, Ltd. (the Company)
filed a certificate of designation, preferences and rights of
Series E Senior Convertible Voting Non-Redeemable Preferred Stock
(the Certificate of Designation) with the Secretary of State of
the State of Nevada to designate 1,000,000 shares of its
previously authorized preferred stock as Series E Senior
Convertible Voting Non-Redeemable Preferred Stock (the Series E).
The Certificate of Designation and its filing was approved by the
Companys board of directors on December 7, 2016 following
approval by the holders of the Companys Series A Preferred Stock,
Series B Preferred Stock, Series C Preferred Stock and Series D
Preferred Stock, as provided for in the Companys articles of
incorporation and under Nevada law.
The holders of shares of Series E preferred stock are not
entitled to dividends or distributions. The holders of shares of
Series E preferred stock have the following voting rights:
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All of the shares of Series E preferred stock outstanding at any time are, collectively, entitled to cast a number of votes on each and every matter submitted to a vote of the stockholders of the Company equal to 102% of the total number of votes entitled to be cast by all of the other shares of stock and to any other agreement of the Company, with the total number of votes to be apportioned pro rata between the shares of Series E preferred stock then outstanding. |
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Except as otherwise provided in the Certificate of Designation, the holders of Series E preferred stock, the holders of Company common stock and the holders of shares of any other Company capital stock having general voting rights and shall vote together as one class on all matters submitted to a vote of the Companys stockholders. |
The foregoing description of the Certificate of Designation is
qualified in its entirety by reference to the Certificate of
Designation, which is filed as Exhibit 3.1 hereto and
incorporated herein by reference.
Item 5.03. Amendment to Articles of Incorporation or
Bylaws; Change in Fiscal Year.
The disclosure set forth in Item 3.03 is incorporated herein by
reference.
Item 5.07. Submission of Matters to a Vote of Security
Holders.
On December 6, 2016, the holders of a majority of each of the
Companys Series A preferred stock, Series B preferred stock,
Series C preferred stock and Series D preferred stock provided
their written consent to the creation of the Series E, via
written consents in an action without a meeting.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description of Exhibit | |
| 3.1 |
Certificate of Designation of Series E Senior Convertible Voting Non-Redeemable Preferred Stock, as filed with the Secretary of State of Nevada on December 7, 2016. |
About SEANIEMAC INTERNATIONAL, LTD. (OTCMKTS:BETS)
Seaniemac International, Ltd. is engaged in maintaining a Website for online gambling, including sports betting and casino gaming in Ireland under the brand name, Seaniemac.com. The Company utilizes a third-party white-label online gaming Website provider to develop and operate its branded Website, apollobet.com (apollobet.com), operations, sports book trading, Website hosting, payment solutions, security and first line support of gaming related questions. The third-party operator of the Company’s Website develops and hosts the site and offers visitors betting (including fixed-odds and/or pari-mutuel betting) on sports events, browser Web-based (non-downloadable) casino and other games, and lotteries other than sports (e-Gaming Offerings) in addition to the noted mobile Web application. The Company has approximately 21,630 new accounts opened and processed over 331,030 bets placed by its customers. SEANIEMAC INTERNATIONAL, LTD. (OTCMKTS:BETS) Recent Trading Information
SEANIEMAC INTERNATIONAL, LTD. (OTCMKTS:BETS) closed its last trading session down -0.00010 at 0.00010 with 5,160,050 shares trading hands.