Form 8-K for FUSA CAPITAL CORP
29-Jul-2009
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Stat
Item 5.03 Amendments to Articles of Incorporation or Bylaws
On June 29, 2009, our Board of Directors resolved to amend the Articles of Incorporation pursuant to Nevada Revised Statues 78.207 to decrease the number of authorized shares of our common stock, par value $.001, from 500,000,000 to 333,333 shares. Correspondingly, our Board of Directors affirmed a reverse split of one thousand and five hundred (1,500) to one (1) in which each shareholder will be issued one (1) share in exchange for every one thousand and five hundred (1,500) common shares of their currently issued common stock.
A record date of July 6, 2009 was established in order to provide NASDAQ ten days notice pursuant to Rule 10b-17 of the Securities and Exchange Act of 1934 as amended. All shareholders of this record date will receive one (1) share of our common stock in exchange for every one thousand and five hundred (1,500) common shares of their currently issued common stock. These share certificates will be issued upon surrender.
On July 23, 2009, we filed a Certificate of Change pursuant to NRS 89.209 in connection with the transaction with the Nevada Secretary of State for the decrease in authorized shares and reverse split. Under the Nevada Revised Statutes, shareholder approval was not required.
A copy of the Certificate of Change is attached hereto as Exhibit 3.1 and is incorporated by reference herein.
In connection with this corporate action, as of the open of business on July 24, 2009 the Company has the following new CUSIP. The new trading symbol is pending.
New CUSIP Number: 36112Y 203 |
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