UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
| Filed by the Registrant [X] | |
Filed by a Party other than the Registrant [ ] | |
| Check the appropriate box: | |
| [X] Preliminary Proxy Statement | [ ] Confidential, for Use of the Commission Only (as Permitted by Rule 14a-6(e)(2)) |
| [ ] Definitive Proxy Statement | |
| [ ] Definitive Additional Materials | |
| [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 |
| ANTICUS INTERNATIONAL CORPORATION |
| (Name of Registrant as Specified in its Charter) |
Payment of Filing Fee (Check the appropriate box):
| [X] | No fee required. |
| [ ] | Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11. |
| | | |
| | (1) | Title of each class of securities to which transaction applies: |
| | (2) | Aggregate number of securities to which transaction applies: |
| | (3) | Per unit or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11(set forth the amount on which the filing fee is calculated and state how it was determined): |
| | (4) | Proposed maximum aggregate value of transaction: 0 |
| | (5) | Total fee paid: 0 |
| | | |
| [ ] | Fee paid previously with Preliminary materials. |
| [ ] | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
| | | |
| | (1) | Amount Previously Paid: |
| | (2) | Form, Schedule or Registration Statement No.: |
| | (3) | Filing Party: |
| | (4) | Date Filed: |
ANTICUS INTERNATIONAL CORPORATION
1155 Boul. René-Lévesque Ouest, Suite 2500
Montréal, Québec H3B 2K4
Canada
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
Notice is hereby given of the time and place of an Annual Meeting of the Shareholders of Anticus International Corporation (the “Company”). Such meeting to be held at 1155 Boul. René-Lévesque Ouest, Suite 2500, Montréal, Québec H3B 2K4, Canada, on Friday, February 4, 2011 at the hour of 2:00 o’clock in the afternoon, Eastern Time, for the following purposes:
| 1. | to elect the Members of the Board of Directors for the ensuing year; |
| 2. | to approve the appointment of the firm of De Joya Griffith & Company, LLC as the Company’s independent auditors for the fiscal year 2011; |
| 3. | to approve the reverse split of the Company’s issued and outstanding shares of its common stock on the basis of one share for every ten shares currently issued on such date as may be determined by the Board of Directors and to authorize the Board of Directors to set the record date and take such other actions as may be required to effect this action; and |
| 4. | to transact such other business as may properly come before the meeting. |
The Board of Directors has fixed December 27, 2010 as the record date for the determination of stockholders entitled to notice of, and to vote at, the meeting. We ask for your support and encourage you to attend the Annual Meeting. On behalf of the Board of Directors, we urge you to sign, date and return the accompanying proxy card as soon as possible, even if you plan to attend the Meeting. This will not prevent you from voting in person but will assure that your vote is counted if you are unable to attend the Meeting. Your vote is important regardless of the number of shares that you own.
This proxy statement is accompanied by the Company’s Annual Report to Stockholders for the year ended June 30, 2010.
BY ORDER OF THE BOARD OF DIRECTORS OF
ANTICUS INTERNATIONAL COMPANY
/s/ Michel Plante
Michel Plante
Secretary
Montreal, Quebec
December 21, 2010
IMPORTANT—YOUR PROXY IS ENCLOSED
WHETHER OR NOT YOU EXPECT TO ATTEND THE MEETING, PLEASE COMPLETE, DATE, SIGN AND MAIL THE ACCOMPANYING FORM OF PROXY TO THE COMPANY AS PROMPTLY AS POSSIBLE IN THE ENCLOSED ENVELOPE.
Important Notice Regarding the Availability of Proxy Materials
For the Stockholder Meeting to be Held on February 4th, 2011:
The enclosed Proxy Statement, the enclosed form of Proxy and Anticus International Corp.’s Annual Report to Stockholders (including its Annual Report on Form 10-K) are available at
http://sec.gov/
Information on this website, other than this Proxy Statement, is not a part of this Proxy Statement.
ANTICUS INTERNATIONAL COMPANY
1155 BOUL. RENE-LEVESQUE OUEST, SUITE 2500
MONTREAL PQ H3B 2K4
PROXY STATEMENT
The accompanying proxy is solicited by the Board of Directors of Anticus International Company (the “Company”) in connection with its Annual Meeting of Shareholders (the “Meeting”) to be held at 2:00 o’clock in the afternoon, Eastern Time on Friday, February 4, 2011, 1155 Boul. René-Lévesque Ouest, Suite 2500, Montréal, Québec H3B 2K4, Canada or at such other times and places to which the Meeting may be adjourned (the “Meeting Date”). The cost of soliciting proxies will be borne by the Company. In addition to solicitations by mail, proxies may be solicited by officers, directors and regular employees of the Company, personally or by telephone, fascimile, or email. No additional remuneration will be paid to officers, directors or regular employees who solicit proxies. The Company may reimburse brokers, banks, custodians, nominees and other regular employees for their reasonable out-of-pocket expenses in forwarding proxy materials to their principals. The approximate date on which this proxy statement and form of proxy will be mailed to stockholders is January 12, 2011.
As is used in this proxy statement the terms “the Company,” “Anticus,” “we,” “us” and “our” refer to Anticus International Company and its consolidated subsidiaries unless the context clearly requires otherwise.
As to all matters that may properly come before the meeting, including the election of directors, each record holder of common stock of the Company, par value $0.001 per share (“Common Stock”), on the Record Date is entitled to one vote for each share of Common Stock held. Shares of Common Stock maybe be voted in person or by proxy.
The Board of Directors has fized the close of business on December 27, 2010 as the record date (the “Record Date”) for the determination of stockholders entitled to notice, and to vote at, the meeting. On the Record Date, there were outstanding [ ● ] shares of Common Stock.
Stockholders who do not plan to attend the Annual Meeting are urged to complete, date, sign and return the enclosed proxy in the enclosed envelope. A prompt response is helpful and your cooperation will be appreciated.
Proxies may be revoked at any time before a vote is taken or the authority granted is otherwise exercised. Revocation may be accomplished by: (i) giving written notice to the Secretary of the Company at the Company’s address listed above; or (ii) giving written notice to the Secretary in person at the 2010 Annual Meeting. Any stockholder who attends the 2010 Annual Meeting and revokes his/her proxy may vote in person. However, attendance by a stockholder at the 2010 Annual Meeting alone will not have the effect of revoking a stockholder’s validly executed proxy.
CONDUCT OF MEETING
The Chairman will preside over the Annual Meeting of Stockholders pursuant to the Bylaws and by action of the Board of Directors. The Chairman has broad authority to ensure the orderly conduct of the meeting. This includes discretion to recognize stockholders or proxies who wish to speak, and to determine the extent of discussion on each item of business. Rules governing the conduct of the meeting will be distributed at the meeting along with the agenda. The Chairman may also rely on applicable law regarding disorderly conduct to ensure that the meeting is conducted in a manner that is fair to all stockholders.
| TABLE OF CONTENTS |
| ITEM 1. ELECTION OF BOARD OF DIRECTORS | 6 |
Quorum; Votes Required; Manner of Approval | 7 |
Section 16(a) Beneficial Ownership Reporting Compliance | 7 |
Meetings and Committed of the Board of Directors | 8 |
Audit Committee | 8 |
Nominating Committee | 8 |
Family Relationships | 8 |
Transactions with Related Persons | 8 |
Review, Approval or Ratification of Transactions with Related Persons | 9 |
Certain Legal Proceedings | 9 |
Code of Ethics | 9 |
Compensation Discussion and Analysis | 9 |
Summary Compensation Table | 10 |
Outstanding Equity Awards at Fiscal Year-End | 11 |
Directors’ Compensation | 11 |
Pension Benefits | 11 |
| ITEM 2. APPOINTMENT OF INDEPENDENT AUDITORS | 12 |
| ITEM 3. APPROVAL OF THE REVERSE SPLIT | 12 |
Reverse Split Proposal | 12 |
Reasons for the Reverse Stock Split | 13 |
Effects of the Reverse Stock Split | 13 |
Exchange of Certificates and Elimination of Fractional Share Interests | 14 |
Federal Tax Consequences | 14 |
Approval Required | 15 |
| ITEM 4. OTHER BUSINESS | 15 |
Quorum and Voting Securities and Principal Holders Thereof | 15 |
Security Ownership of Certain Beneficial Owners | 15 |
Security Ownership of 5% Stockholders | 15 |
Security Ownership of Management | 16 |
| OTHER MATTERS | 16 |
| DATE FOR SUBMISSION OF STOCKHOLDER PROPOSALS | 16 |
| OTHER AND GENERAL INFORMATION | 17 |
Documents Incorporated by Reference | 17 |
Proxy Statement Delivery | 17 |
Cost of Proxy Statement Solicitation | 17 |
ITEM 1. ELECTION OF BOARD OF DIRECTORS
Pursuant to the Bylaws of the Company, the number of directors is set by the Board of Directors of the Company. The Board of Directors has set the number of directors at five (5) pursuant to the Bylaws. The Company currently has (4) elected directors. At this time there are a total of four nominees for election as directors and thus there are four directors to be elected for terms expiring at the Company’s Annual Meeting of Shareholders in 2011 or until their successors have been elected and qualified. As the Board of Directors has set the number of Directors at five (5), however, there are only four directors standing for nomination at this Annual General Meeting, the Board of Directors shall have the right to fill the remaining vacancy at their discretion.
Shareholders will elect four directors from the four nominees. It is intended that the names of the persons indicated in the following table will be placed in nomination. Each of the nominees has indicated his willingness to serve as a member of the Board of Directors if elected; however, if any nominee becomes unavailable for election to the Board of Directors for any reason not presently known or contemplated, a substitute may be nominated and elected. Pursuant to NRS 78.360 of the Nevada Revised Statutes provides that at the election of directors of the Company each holder of stock possessing voting power is entitled to as many votes as equal the number of his shares of stock multiplied by the number of directors to be elected, and the shareholder may cast all of his votes for a single director or ma y distribute them among the number to be voted for or any two or more of them, as the shareholder may see fit. To exercise the right of cumulative voting, one or more of the stockholders requesting cumulative voting must give written notice to the president or secretary of the Company that the stockholder desires that the voting for the election of directors be cumulative. The notice must be given not less than 48 hours before the time fixed for holding the meeting, if notice of the meeting has been given at least 10 days before the date of the meeting, and otherwise not less than 24 hours before the meeting. At the meeting, before the commencement of voting for the election of directors, an announcement of giving of the notice must be made by the chairman or the secretary of the meeting or by the stockholder giving the notice.
All of the nominees for the Board of Directors have previously served as directors of the Company, as noted under their names. The nominees from our current Board of Directors who have indicated they will stand for re-election are as follows:
| Name | Age | Director Since |
| Henri Baudet | 64 | Aug 24, 2006 |
| Michel Plante | 52 | July 3, 2007 |
| Gerrit Bres | 78 | April 19, 2006 |
| Xin Zhao | 51 | April 19, 2006 |
All of the nominee’s respective biographical and business experience is set forth below:
Henri Baudet began his career in the banking industry in 1970 in Geneva, Switzerland, with Banque Pariente (now Banca del Gottardo) where he held different management positions in several fields such as administration, stocks and bonds, and financial management. In 1973, he moved to Keyser Ullmann, a British merchant bank where he was responsible for the securities division. In 1986, he was appointed vice president at Banque de Dépot (a Latsis Group bank) as head of the private customers division. In 1989, he became Director of JP Jordan & Cie SA, a renowned portfolio management company in Geneva. In 1997, with some partners, he founded his own company, AS-B & Cie SA , dedicated to assets management for private clients – a company with which Mr. Baudet remains i nvolved with to date. Over the years, Mr. Baudet has developed a great knowledge in financial mechanisms as well as an impressive list of contacts in the financial community. Mr. Baudet obtained a degree in French literature, as well as a Baccalaureate of Law.
Michel Plante is a Chartered Accountant who worked for Coopers & Lybrand, Chartered Accountants, for ten years, and then held several financial management positions with various technological organizations. Recently, from 2003 to 2007, he was Vice-President Finance, Chief Financial Officer and Corporate Secretary at Roctest Limited, a company listed on the Toronto Stock Exchange. From 2007 to 2010 he was an advisor to the President of Groupe Cabico Inc. He is currently a consultant with Fauteux, Bruno, Bussière, Leewarden, a position held since October 2010. Mr. Plante is also Chairman of Collège Laval (a privately-held secondary education institution) and a Director of Capital Vtechlab Inc. (TSX-Venture). Mr. Plante obtained his BCom in 1980, from McGill University.
Gerrit Bres, born in Holland, spent most of his career in the food industry, including 25 years for McCain, a Canadian multinational food processor. His last position held was president of one of their divisions. He has been involved with the Canadian Meat Council from 1978 to 1998; acting as a Director from 1996 to 1997. Recently, he has worked as a consultant, more specifically as special project manager for projects such as continuous quality improvement system and new plant planning.
Dr. Xin Zhao, is presently a professor and Chair at the Department of Animal Science at McGill University, Montreal, Quebec, and has performed various other roles at that institution since 1997. In 1989, Dr. Zhao obtained a Ph.D.D from Cornell University in animal science, with minors in physiology and nutrition, and in 1985, obtained an M.Sc. in Nutritional Physiology and Nutritional Biochemistry at Nanjing Agricultural University, and in 1982 obtained his B.Sc. in Animal Science at Nanjing Agricultural College. Mr. Zhao is a director for X-Terra Resources Company (XT, on the TSXV)
None of our executive officers or directors have been involved in any bankruptcy proceedings within the last five years, been convicted in or has pending any criminal proceeding, been subject to any order, judgment or decree enjoining, barring, suspending or otherwise limiting involvement in any type of business, securities or banking activity or been found to have violated any federal, state or provincial securities or commodities laws.
There are no family relationships between any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer.
All current directors are also directors for the Company’s wholly owned subsidiary, Green Yeast Canada Inc.
The Board of Directors unanimously recommends that you vote “FOR” the election of each nominee named above.
Quorum; Voted Required; Manner of Approval
A quorum for the Annual Meeting consists of a majority of the sum of (i) the shares of Common Stock outstanding on the Record Date. Directors are elected by a plurality of the votes cast. Accordingly, if a quorum is present, a director nominee will be elected if he receives the most votes cast on his or her election. Abstentions, withheld votes and broker non-votes will be counted for the purpose of determining the presence or absence of a quorum, but will have no effect on the outcome of the vote.
All properly executed proxies received pursuant to this solicitation will be voted as directed by the stockholder on the proxy card. If no direction is given, it is the present intention of the proxies name in the accompanying form of proxy to vote the shares represented thereby for the election as directors of the six nominees listed above. If, due to unforeseen contingencies, any of the nominees designated above shall not be available for election, the proxies name in the accompanying form of proxy reserve the right to vote the shares represented thereby for such other person or persons as may be nominated for director by the Company or the remaining new Continuing Directors, if any, so as to provide a full Board. The Company has no reason to believe that any nominee will be unable to serve if elected .
Section 16(a) Beneficial Ownership Reporting Compliance
Section 16(a) of the Securities Exchange Act of 1934 requires the Company’s officers and Directors, and persons who own more than ten percent of the Company’s common shares, to file reports of ownership and changes in ownership with the Securities and Exchange Commission. Officers, Directors, and greater than ten percent shareholders are required by Securities and Exchange Commission regulation to furnish the Company with copies of all Section 16(a) forms they file.
The following represents each officer, director and beneficial owner of more than 10% of our securities who did not file on a timely basis reports required by Section 16(a) of the Securities Exchange Act of 1934 during the most recent fiscal year ending June 2010:
| Name | Reporting Person | Form 3/# of transactions | Form 4/# of transactions | Form 5/# of transactions |
| Michel Plante | CFO, Secretary, Member of the Board of Directors | Late/1 | Late/1 | n/a |
| Gerrit Bres | Member of the Board of Directors | n/a | Late/1 | n/a |
| Xin Zhao | Member of the Board of Directors | n/a | Late/1 | n/a |
Meetings And Committees Of The Board Of Directors
The business of the Company is managed under the direction of the Board of Directors. All matters that require Board approval are acted on either by unanimous written consent of the Board or by a majority at Board meetings. The Board of Directors has acted by unanimous written consent five times during the fiscal year ending June 30, 2010.
Audit Committee
The Board of Directors does not presently have an audit committee. At present the Board of Directors performs the functions of the audit committee. We have determined that Mr. Michel Plante qualifies as a financial expert, however, Mr. Plante is not an independent director as he was appointed as an officer of the Company on November 17, 2009.
Nominating Committee
The Company does not have a nominating committee because the Company has to date been a small business issuer traded on the Over the Counter Bulletin Board and the Board of Directors felt it was not necessary to have a separate nominating committee. The functions customarily attributable to this committee are performed by the Board of Directors. At this time, the Board does not have a formal policy with regard to the consideration of any director candidates recommended by the Company’s shareholders because historically the Company has not received recommendations from its shareholders and the costs of establishing and maintaining procedures for the consideration of shareholder nominations would be unduly burdensome.
Qualifications for consideration as a Board nominee may vary according to the particular areas of expertise being sought as a complement to the existing Board composition. However, in making its nominations, the Board of Directors considers, among other things, an individual’s business experience, industry experience, financial background, breadth of knowledge about issues affecting the Company, time available for meetings and consultation regarding Company matters and other particular skills and experience possessed by the individual.
Family Relationships
There are no family relationships between any of our directors or executive officers.
Transactions with Related Persons
Except as noted below, there were no material transactions, or series of similar transactions, since the beginning of the last fiscal year, or any currently proposed transactions, or series of similar transactions, to which we or any of our subsidiaries was or is to be a party, in which the amount involved exceeded the lesser of $120,000 or 1% of our total assets at year-end for the last two completed fiscal years and in which any director, executive officer or any security holder who is known to us to own of record or beneficially more than 5% of any class of our common stock, or any member of the immediate family of any of the foregoing persons, had an interest.
In October 2009, a consulting agreement was entered into with a director and officer of the Company, Mr. Michel Plante, to provide accounting services at a rate of CDN $2,500/month.
Review, Approval or Ratification of Transactions with Related Persons
The Company does not currently have any written policies and procedures for the review, approval or ratification of any transactions with related parties.
Certain Legal Proceedings
There is no material proceeding to which any director, executive officer or affiliate of the Company, any owner of record or beneficially of more than five percent of any class of voting securities of the Company, is a party adverse to the Company or has a material interest adverse to the Company.
Code of Ethics
As of the date of this report, the Company has not adopted a code of ethics that applies to its principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions. The Company intends to review and finalize the adoption of a code of ethics at such time as it commences substantive business operations. Upon adoption, the Company will file a copy of its code of ethics with the Securities and Exchange Commission as an exhibit to its annual report for the period during which the code of ethics is adopted.
Compensation Discussion and Analysis
The Company adopted its 2005 Employee/Consultants Stock Option Plan on June 14, 2005. Under the plan, a committee of the Company’s board of directors is authorized to issue shares and grant incentive stock options, to a maximum of 3,000,000 shares of the issued and outstanding shares, to directors, employees and consultants of the Company entitling them to purchase common shares at a price per share determined by the committee. The plan expires on June 14, 2015.
On January 17, 2008, the Company adopted its Stock Option Plan 2008, Under the plan, the Board of Directors or a committee appointed by the Board is authorized to issue shares and grant incentive stock options, to a maximum of 4,364,496 shares of the issued and outstanding shares, to directors, employees and consultants of the Company entitling them to purchase common share at a price per share determined by the committee. The plan will terminate on the earlier of the date of the grant of the final share or option for the last share of common stock allocated under the plan or 5 years from the date thereof, whichever is earlier, and no shares or options will be granted thereafter pursuant to the plan.
The third is the 2010 Stock Option Plan, adopted on March 26, 2010. Under this plan, the Board of Directors or a committee appointed by the Board is authorized to issue shares and grant incentive stock options, to a maximum of 5,000,000 shares of the issued and outstanding shares, to directors, employees and consultants of the Company entitling them to purchase common shares at a price per share determined by the committee. The plan will terminate on the earlier of the date of the grant of the final share or option for the last share of common stock allocated under the plan or 10 years from the date thereof, whichever is earlier, and no shares or options will be granted thereafter pursuant to the plan.
The Company’s 2005, 2008 and 2010 plans (collectively the “Plans”) are to be used to maintain the ability of the Company and its subsidiaries to attract and retain highly qualified and experienced directors, officers, employees and consultants (“Participants”) and to give such Participants a continued proprietary interest in the success of the Company and its subsidiaries. Pursuant to these Plans, eligible Participants will be provided the opportunity to participate in the enhancement of stockholder value through the grants of options, stock appreciation rights, awards of free trading stock and restricted stock, bonuses and/or fees payable in stock, or any combination thereof.
The Company’s Plans are currently administered by its Principal Executive Officer, Mr. Daniel Trudeau, under the guidelines of the plans. The Administrator shall have the authority, in its discretion, to determine the fair market value of the securities to be issued under these Plans; to select the Participants to whom the Options and Stock Awards may be granted there under; to determine whether and to what extent Options or Stock Awards or any combination thereof, are granted thereunder; to determine the number of shares of Common Stock or equivalent units to be covered by each Option and Stock Award granted thereunder; to approve forms of agreement for use under these Plans; to determine the terms and conditions not inconsistent with the terms of these Plans, of any Option or Stock Award granted hereunder. Such terms and condit ions include, but are not limited to, the exercise price, the time or times when Options may be exercised (which may be based on performance criteria), any vesting acceleration, and any restriction or limitation regarding any Option or Stock Award or the shares of Common Stock relating thereto,
based in each case on such factors as the Administrator, in its sole discretion, shall determine; to construe and interpret the terms of this Plan and Options or Stock Awards; to prescribe, amend and rescind rules and regulations relating to the Plans, including rules and regulations relating to sub-plans established for the purpose of qualifying for preferred tax treatment under foreign tax laws; to authorize any person to execute on behalf of the Company any instrument or treasury order required to effect the grant of an Option or Stock award previously granted by the Administrator; and to make all other determinations deemed necessary or advisable for administering these Plans.
The Company’s Executive Compensation is currently approved by the Board of Directors of the Company in the case of the Company’s Principal Executive Officer. For all other executive compensation contracts, the Principal Executive Officer will negotiate and approve the contracts and compensation at such time as they are required.
Mr. Daniel Trudeau, President and CEO, first signed a one year employment contract with the Company in September 2006. This contract was renewed / extended in November 2007 for another year. In November 2008, the contract was again renewed / extended by mutual agreement, with total annual compensation of $90,000 CDN per year. On December 1, 2009 this contract was renewed / extended by mutual agreement, with total annual compensation of $99,000 CDN per year. As part of the most recent renewal, Mr. Trudeau was granted a total of 500,000 stock options expiring January 17, 2013, under the 2008 Plan, exercisable at $0.07, said options to be vested immediately.
Summary Compensation Table
Name and Principal Position | Fiscal Year ended June 30, | Salary ($) | Bonus ($) | Stock Awards ($) | Option Awards ($) | Non-Equity Incentive Plan Compensation ($) | Nonqualified Deferred Compensation ($) | All Other Compensation ($) | Total ($) |
| Daniel Trudeau, President & CEO (Principal Executive Officer) | 2010 | 92,385 | -0- | -0- | 7,500 | -0- | -0- | -0- | 99,885 |
| Michel Plante, Chief Financial Officer (Principal Financial Officer, Principal Accounting Officer) | 2010 | 21,319 | -0- | -0- | -0- | -0- | -0- | -0- | 21,319 |
| Daniel Trudeau, President, Chief Executive Officer, Chief Financial Officer (Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer) | 2009 | 74,168 | -0- | -0- | 1,041 | -0- | -0- | -0- | 75,209 |
Outstanding Equity Awards at Fiscal Year-End
The Company has three stock option plans. All options previously issued under the 2005 Stock Option Plan have expired, unexercised. There have been no issuances under the 2010 Stock Option Plan. Under the 2008 Stock Option Plan, certain issuances have been made to named executive officers as disclosed below.
| | Option Awards | Stock Awards |
| Name | Number of Securities Underlying Unexercised Options (#) Exercisable | Number of Securities Underlying Unexercised Options (#) Unexercisable | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) | Option Exercise Price ($) | Option Expiration Date | Number of Shares or Units of Stock That Have Not Vested (#) | Market Value of Shares or Units of Stock That Have Not Vested ($) | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) |
| Daniel Trudeau, Principal Executive Officer | 500,000 | -0- | -0- | $0.07 | 01/17/2013 | -0- | -0- | -0- | -0- |
| Michel Plante (Principal Financial Officer, Principal Accounting Officer) | 300,000 | -0- | -0- | $0.07 | 01/17/2013 | -0- | -0- | -0- | -0- |
Directors Compensation
There was no compensation provided to directors by way of cash or other cash compensation for services rendered as a director during the fiscal year ended June 30, 2010. While our directors have been granted stock options in a prior fiscal year (2008), we have at present no formal plan for compensating our directors for their service in their capacity as directors, although in the future, such directors are expected to receive compensation and options to purchase shares of common stock as awarded by our board of directors or (as to future options) a compensation committee which may be established in the future. Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with attendance at meetings of our board of directors. The board of directors may award special remuneration to any director undertaking any special services on behalf of our Company other than services ordinarily required of a director. No director received and/or accrued any compensation for his or her services as a director, including committee participation and/or special assignments.
| Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Option Awards ($) | Non-Equity Incentive Plan Compensation ($) | Nonqualified Deferred Compensation Earnings ($) | All Other Compensation ($) | Total ($) |
| - | -0- | -0- | -0- | -0- | -0- | -0- | -0- |
Pension Benefits
There are no arrangements or plans in which we provide pension, retirement or similar benefits for named executive officers, except that named executive officers may receive stock options at the discretion of our plan administrator or board of directors.
We do not have any material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that stock options may be granted at the discretion of our Board of Directors.
ITEM 2. APPOINTMENT OF INDEPENDENT AUDITORS
Our Board of Directors has approved the re-appointment of De Joya Griffith & Company, LLC as our independent auditors for our 2011 fiscal year. The Board approved the appointment of De Joya Griffith & Company, LLC on November 1, 2010. We do not expect a representative of De Joya Griffith & Company, LLC to attend this meeting. De Joya Griffith & Company, LLC served as our independent auditors since fiscal 2009.
The following table sets forth the fees billed to the Company for professional services rendered by the Company's principal accountant, for the years ended June 30, 2010 and June 30, 2009:
| Services | 2010 | 2009 |
| Audit fees | 10,000 | 10,000 |
| Audit Related Services | 7,500 | 17,256 |
| Tax fees | 2,000 | 2,000 |
| All other fees | 0 | 0 |
| Total fees | 19,500 | 29,256 |
Audit fees consist of fees for the audit of the Company's annual financial statements or the financial statements of the Company’s subsidiaries or services that are normally provided in connection with the statutory and regulatory filings of the annual financial statements.
Audit-related services include the review of the Company's financial statements and quarterly reports that are not reported as Audit fees. For fiscal 2009, these fees were paid to our prior independent registered public accounting firm and reflect the fees for quarterly reports.
Tax fees shown for 2010 are estimated only for the purposes of this disclosure based on advice from the principal auditor for preparation of our U.S. tax return and are expected to be $1,000, we expect the Canadian tax returns will be prepared by Canadian accountants qualified to undertake the tax returns and that those fees will be $1,000 as well, bringing total fees for 2010 tax returns to $2,000.
All other fees consist of fees for products and services provided by our principal accountants, other than the services reported under “Audit fees,” “Audit-related fees,” and “Tax fees” above.
ITEM 3. APPROVAL OF THE REVERSE SPLIT
Reverse Split Proposal
The Board of Directors is recommending that the shareholders approve a reverse split of the common stock of the Company on the terms detailed herein.
On May 7, 2010, Anticus’s Board of Directors approved a ten to one (10:1) reverse stock split of its issued and outstanding $.001 par value Common Stock, whereby shareholders will receive one (1) share of Common Stock for each ten (10) shares of Common Stock currently held. The par value of Common Stock will not change. The authorized capital of the Company will not change.
The Board believes that a reverse split would provide for the combination of the presently issued and outstanding shares of common stock into a smaller number of shares of identical Common Stock. This process, that is known as a reverse split, would take up to ten (10) shares of the presently issued and outstanding common stock on the effective date of the reverse split on the record date for the reverse split as determined by the Board of Directors and convert those shares into one (1) share of the post-reverse stock split issued and outstanding Common Stock.
The Board has indicated that fractional shares will not be issued. Instead, Anticus will issue one full share of the post-reverse stock split Common Stock to any shareholder who would have been entitled to receive a fractional share as a result of the process. Each shareholder will hold the same percentage of the outstanding Common Stock immediately following the reverse stock split as that shareholder did immediately prior to the stock split, except for minor adjustment as a result of the additional shares that will need to be issued as a result of the treatment of fractional shares.
Reasons for the Reverse Stock Split
The primary purposes of the reverse stock split are to accomplish the following:
| a) | Increase the per share price of the common stock to help maintain the interest of the markets; |
| b) | Reduce the number of outstanding shares of common stock to a level more consistent with other public companies with a similar anticipated market capitalization; and |
| c) | Provide the management of the Company with additional flexibility to issue shares to facilitate future stock acquisitions and financing for the Company. |
There can be no assurance that the market price per share of Anticus’s Common Stock after the reverse stock split will rise in proportion to the reduction in the number of shares of its Common Stock outstanding resulting from the reverse stock split. The market price of Anticus’s Common Stock may also be based on its performance and other factors, some of which may be unrelated to the number of shares outstanding. There are currently no plans to issue the additional shares of Common Stock available as a result of this reverse split.
Effects of the Reverse Stock Split
The principal effects of the reverse split, based on the current issued and outstanding shares as at the date of this filing will be as follows:
Based upon 54,478,295 shares of Common Stock outstanding on December 20, 2010, the reverse split would decrease the outstanding shares of Common Stock by approximately 90% or to 5,447,830 shares of Common Stock issued and outstanding. Further, any outstanding options, warrants and rights to purchase Common Stock as of the effective date that are subject to adjustment will be decreased accordingly.
The effect of the reverse split upon existing shareholders of the Common Stock will be that the total number of shares of Anticus’s Common Stock held by each shareholder will automatically convert into the number of whole shares of common stock equal to the number of shares of common stock owned immediately prior to the reverse stock split divided by up to 10, with an adjustment for any fractional shares (fractional shares will be rounded up into a whole share).
If approved, this reverse split would result in each shareholder’s percentage ownership interest in the Company and proportional voting power will remain virtually unchanged except for minor changes and adjustments that will result from rounding fractional shares into whole shares. The rights and privileges of the holders of shares of Common Stock will be substantially unaffected by the reverse stock split. All issued and outstanding options, warrants and convertible securities would be appropriately adjusted for the reverse stock split automatically on the effective date of the reverse stock split. All shares, options, warrants or convertible securities that the Company has agreed to issue (or agrees to issue prior to the effective date of the reverse stock split) also will be appropriately adjus ted for the reverse stock split.
As a result of the reverse split, some stockholders may own less than 100 shares of Common Stock. A purchase or sale of less than 100 shares, known as an “odd lot” transaction, may result in incrementally higher trading costs through certain brokers, particularly “full service” brokers. Therefore, those stockholders who own less than 100 shares following the reverse split may be required to pay higher transaction costs if they sell their shares.
As a result of the proposal to conduct a reverse stock split there is a significant risk of shareholder value represented by the Common Stock being diluted. The proposed split creates a risk that current shareholders of the Common Stock will see the value of those shares diluted through the issuance of additional authorized but currently unissued shares. The current tangible book value per share would be diluted if additional shares are issued without an increase taking place in the net book value of the assets of the Company. The current book value of shares held by existing shareholders would not be maintained in the event additional shares are issued. In the event that the ten-for-
one (10:1) reverse split of the Common Stock is approved and thus reduces the number of outstanding shares of Common Stock to approximately 5,447,870, the issuance of all 75,000,000 authorized shares would have a dilutive effect upon existing shareholders. If all authorized each share would drop from representing 0.000018% (1/5,447,870) to 0.00000133% (1/75,000,000) of the shares of the Common Stock issued and outstanding.
After taking of any action to conduct or authorize the reverse split is filed there is not a requirement that shareholders obtain new or replacement share certificates. Each holder of record of shares of the Company’s common stock that is outstanding on the effective date of the reverse stock split may contact the Company’s transfer agent to exchange the certificates for new certificates representing the number of whole shares of post-reverse stock split into which the existing shares have been converted as a result of the reverse stock split.
Exchange of Certificates and Elimination of Fractional Share Interests
On the date of the reverse split, ten (10) shares of Common Stock will automatically be combined and change into one share of Common Stock. No additional action on our part or any shareholder will be required in order to effect the reverse split.
Until the shareholder forwards a completed letter of transmittal, together with certificates representing such shareholder’s shares of pre-reverse stock split Common Stock to the transfer agent and receives in return a new certificate representing shares of post-reverse stock split Common Stock, such shareholder’s pre-reverse stock split Common Stock shall be deemed equal to the number of whole shares of post-reverse stock split Common Stock to which such shareholder is entitled as a result of the reverse stock split. There is no requirement to deliver your shares to the transfer agent in order for the reverse split to be effected.
No fractional shares of post-reverse split Common Stock will be issued to any shareholder. All the fractional shares will be rounded to the nearest whole share. In lieu of any such fractional share interest, each holder of pre-reverse Common Stock who would otherwise be entitled to receive a fractional share of post-reverse Common Stock will in lieu thereof receive one full share upon surrender of certificates formerly representing pre-reverse Common Stock held by such holder.
Federal Tax Consequences
There are no tax consequences to the Authorized Capital Proposal.
The combination of ten (10) shares of pre-split Common Stock into one (1) share of post-split Common Stock should be a tax-free transaction under the Internal Revenue Code of 1986, as amended, and the holding period and tax basis of the pre-split Common Stock will be transferred to the post-split Common Stock. No ruling from the Internal Revenue Service (the “IRS”) with respect to the matters discussed herein has been requested and there is no assurance that the IRS would agree with the conclusions set forth in this discussion.
This discussion should not be considered as tax or investment advice and the tax consequences of the reverse split may not be the same for all shareholders. Shareholders should consult their own tax advisors to know their individual federal, state, local and foreign tax consequences.
The reverse stock split is intended to be a tax-free recapitalization to the Company and its shareholders, except for those shareholders who receive a whole share of common stock in lieu of a fractional share. Shareholders will not recognize any gain or loss for federal income tax purposes as a result of the reverse stock split, except for those shareholders receiving a whole share of Common Stock in lieu of fractional shares (as described below). The adjusted basis of the shares of Common Stock after the reverse stock split will be the same as the adjusted basis of the shares of Common Stock before the reverse stock split excluding the basis of fractional shares.
A shareholder who receives a whole share of Common Stock in lieu of a fractional share generally may recognize gain in an amount not to exceed the excess of the fair market value of such whole share over the fair market value of the fractional shares to which the shareholder was otherwise entitled.
Approval Required
Pursuant to NRS 78.2055, the approval of a majority of the outstanding Common Stock entitled to vote is necessary to approve the proposed reverse split.
The Board of Directors is recommending the approval of this action.
ITEM 4. OTHER BUSINESS
We do not know of any other item of business that may come before the meeting, except a motion to adjourn.
Quorum And Voting Securities And Principal Holders Thereof
In an election of directors, that number of candidates equaling the number of directors to be elected having the highest number of votes cast in favor of their election, are elected to the Board of Directors of the Company (the “Board of Directors”), provided a quorum is present. Votes may be cast or withheld with respect to the Proposal to elect four members of the Board of Directors for terms expiring at the Company’s next annual general meeting. Votes that are withheld will be counted toward a quorum, but will be excluded entirely from the tabulation for such Proposal and, therefore, will not affect the outcome of the vote on such Proposal.
Record holders of our Common Stock may cast one vote for each director nominated for office and one vote for each other Proposal for each share held of record at the close of business on December 27, 2010.
Approval of the matters before the meeting requires the affirmative vote of a majority of the votes cast by shareholders present at the meeting in person or by proxy.
Security Ownership of Certain Beneficial Owners
The following table sets forth information, as of the record date December 27, 2010, with respect to the beneficial ownership of the Company’s common stock by each person known by the Company to be the beneficial owner of more than 5% of the outstanding common stock. Information is also provided regarding beneficial ownership of common stock if all outstanding options, warrants, rights and conversion privileges (to which the applicable 5% stockholders have the right to exercise in the next 60 days) are exercised and additional shares of common stock are issued.
Security Ownership of 5% stockholders
Title of Class | Name and Address of Beneficial Owner | Amount and Nature of Beneficial Ownership | Percent of Class (%) (1) |
| Common | Primitive African Art.(2) c/o 9 Rue Des Alpes Geneve, Switzerland | [ ] common shares held directly | [ ]% |
| (1) | Beneficial ownership is determined in accordance with SEC rules and includes voting or investment power with respect to securities. All shares of common stock subject to options or warrants exercisable within 60 days of December 20, 2010 are deemed to be outstanding and beneficially owned by the persons holding those options or warrants for the purpose of computing the number of shares beneficially owned and the percentage ownership of that person. They are not, however, deemed to be outstanding and beneficially owned for the purpose of computing the percentage ownership of any other person. Subject to the paragraph above, the percentage ownership of outstanding shares is based on [ ] shares of common stock outstanding as of December 27, 2010. |
| (2) | The Chairman of the Board of Directors and a director of the Company is the President of Primitive African Art; however, he disclaims any voting control or beneficial ownership of the shares. |
Security Ownership of Management
The following table sets forth information, as of the record date of December 27, 2010, with respect to the beneficial ownership of the Company’s common stock by each of the Company's officers and directors, and by the officers and directors of the Company as a group. Information is also provided regarding beneficial ownership of common stock if all outstanding options, warrants, rights and conversion privileges (to which the applicable officers and directors have the right to exercise in the next 60 days) are exercised and additional shares of common stock are issued.
| Title of Class | Name and Address of Beneficial Owner | Amount and Nature of Beneficial Ownership | Percent of Class (%)(1) |
| Common | Henri Baudet, Chairman of the Board & Director | [ ] | [ ]% |
| Common | Michel Plante, CFO, Director | [ ] | [ ]% |
| Common | Daniel Trudeau, Principal Executive Officer | [ ] | [ ]% |
| Common | Gerrit Bres, Director | [ ] | [ ]% |
| Common | Xin Zhao, Director | [ ] | [ ]% |
| Common | All Officers and Directors as a group | [ ] | [ ]% |
| (1) | Beneficial ownership is determined in accordance with SEC rules and includes voting or investment power with respect to securities. All shares of common stock subject to options or warrants exercisable within 60 days of December 27, 2010 are deemed to be outstanding and beneficially owned by the persons holding those options or warrants for the purpose of computing the number of shares beneficially owned and the percentage ownership of that person. They are not, however, deemed to be outstanding and beneficially owned for the purpose of computing the percentage ownership of any other person. Subject to the paragraph above, the percentage ownership of outstanding shares is based on [ 0; ] shares of common stock outstanding as of December 27, 2010. |
The Board of Directors is not aware of any other matter which may be presented for action at the 2010 Annual Meeting of Stockholders, but should any other matter requiring a vote of the stockholders arise at the 2010 Annual Meeting, it is intended that the proxies will be voted with respect thereto in accordance with the best judgment of the person or persons voting the proxies, such discretionary authority to do so being included in the proxy.
As a matter of policy, the Company will afford confidentiality to the votes of individual stockholders, whether submitted by proxy or ballot, except in limited circumstances, including any contested election, or as may be necessary to meet legal requirements. The Company will retain an independent tabulator to receive and tabulate the proxies and ballots and independent inspectors of election to certify the results. Votes cast by proxy or in person at the Annual Meeting will be tabulated by the election inspectors appointed for the meeting, who will also determine whether or not a quorum is present.
DATE FOR SUBMISSION OF STOCKHOLDER PROPOSALS
Any stockholder desiring to present a proposal pursuant to Rule 14a-8 of the Exchange Act to be included in the definitive proxy statement and voted on by the stockholders at the 2011 Annual Meeting of Stockholders must submit a written proposal, including all supporting information, to the Company at its principal executive offices no later than September 14, 2011 (120 days before the date of mailing based on this year’s proxy statement date), and must meet all other requirements for inclusion in the proxy statement. Additional time constraints are applicable where the date of the annual meeting is changed. Proposals received by the Company outside of these timelines will be considered untimely. If a stockholder proposal is not timely received, then the proxies will be authorized to exercise discretionary authority with respect to the proposal.
OTHER AND GENERAL INFORMATION
Documents Incorporated by Reference
| (a) | The Company’s Annual Report on Form 10-K for the year ended June 30, 2010 is hereby incorporated by reference. |
Anticus’s Annual Report on Form 10-K, for the year ended June 30, 2010, including audited financial statements as of that date, are available on request. Further information is available by request or can be accessed on the Internet. Anticus is subject to the informational requirements of the Securities Exchange Act of 1934, as amended, and in accordance therewith file annual and quarterly reports, proxy statements and other information with the Securities Exchange Commission. Reports, proxy statements and other information filed by Anticus can be accessed electronically by means of the Security Exchange Commission’s home page on the Internet at http://www.sec.gov.
Any materials filed by Anticus with the Securities Exchange Committee can also be accessed at the Securities Exchange Commission’s Public Reference Room at 100 F Street, N.E., Washington D.C. 20549. A copy of any public filing is also available, at no charge, from the Company.
Proxy Statement Delivery
A copy of this Proxy Statement is being delivered to each security holder regardless whether they share one address, unless we had received contrary instructions. To make such a request, please contact in writing or by phone, to Anticus International Corporation, 1155 Rene-Levesque O, Suite 2500, Montreal, QC, Canada, telephone number (514) 992-1391. If you received more than one copy of this information statement and wish to reduce the number of reports you receive in the future, we will discontinue the mailing of reports on the accounts you select upon your request to the Company at the foregoing address.
Cost of Proxy Statement Solicitation
We will pay the cost of the distribution of this Proxy Statement. As required by the Securities and Exchange Commission (SEC), we also will reimburse brokerage firms and other custodians, nominees and fiduciaries for their expenses incurred in sending this Information Statement to beneficial owners of our common stock.
BY ORDER OF THE BOARD OF DIRECTORS OF
ANTICUS INTERNATIONAL CORPORATION
/s/ Michel Plante
Michel Plante
Secretary
| THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED |
| |
| The Board of Directors recommends a vote FOR the following: | For | Against | Withhold |
1. Proposal to ratify the Board of Directors decision to set the number of directors at five (5). | □ | □ | □ |
| | | | | |
2. Election of Directors: Nominees | For All | Against All | For All Except | To withhold authority to vote for any individual nominee(s), mark “For All Except” and write the number(s) of the nominees on the line below |
01 Henri Baudet | □ | □ | □ |
02 Michel Plante | | | | |
03 Gerrit Bres | | | | |
04 Xin Zhao | | | | |
The Board of Directors recommends a vote FOR proposals 3 and 4. | For | Against | Withhold |
3. Proposal to ratify the appointment of De Joya Griffith & Company, LLC as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2011. | □ | □ | □ |
4. Proposal to approve a ten to one (10:1) reverse split of its Common Stock par value $0.001 at any time prior to June 30, 2011. | □ | □ | □ |
5. Such other business as may properly come before the meeting or any adjournment thereof. | □ | □ | □ |
| | | | |
| Signature | Date | Signature(Joint Owner) | Date |
| | |
ANTICUS INTERNATIONAL CORP. Annual Meeting of Shareholders February 4, 2011 2:00 p.m. This proxy solicited by the Board of Directors |
The shareholder(s) hereby appoint(s) Daniel Trudeau and Michel Plante, or either of them, as proxies, each with the power to appoint (his/her) substitute, and hereby authorize(s) them to represent and to vote, as designated on the reverse side of this ballot, all of the shares of Common Stock of ANTICUS INTERNATIONAL CORP. that the shareholder(s) is/are entitled to vote at the Annual Meeting of Shareholder(s) to be held at 2:00 p.m., Eastern Time on February 4, 2011 at 1155 Boul. René-Lévesque Ouest, Suite 2500, Montreal PQ H3B 2K4 and any adjournment or postponement thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED AS DIRECTED BY THE SHAREHOLDER(S). IF NO SUCH DIRECTIONS ARE MADE, THIS PROXY WILL BE VOTED FOR THE NOMINEES LISTED ON THE REVERSE SIDE FOR THE BOARD OF DIRECTORS AND FOR EACH OF THE REMAINING PROPOSALS. THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS OF ANTICUS INTERNATIONAL CORP. PLEASE MARK, SIGN, DATE AND RETURN THIS PROXY CARD PROMPTLY USING THE ENCLOSED REPLY ENVELOPE. THE GIVING OF A PROXY WILL NOT AFFECT YOUR RIGHT TO VOTE IN PERSON IF YOU ATTEND THE MEETING. Continued and to be signed on reverse side |
