UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 5, 2011
PROFIT PLANNERS MANAGEMENT, INC.
(Exact Name of Registrant as Specified in Charter)
| NEVADA | 333-142076 | 90-0450030 |
| (State of Incorporation) | (Commission File No.) | (I.R.S. Employer |
| Identification Number) |
350 Madison Avenue, 8th Floor
New York, NY 10017
(Address of Principal Executive Offices)
(646) 416-6802
(Registrant's Telephone Number, including area code)
(Former Name or Former Address, if changed since last report)
Item 8.01 Other Events.
On May 5, 2011, the board of directors of the Registrant approved a stock dividend payable to the holders of the Registrant’s issued and outstanding common stock, par value $.001 per share (the “Stock Dividend”). Under the terms of the Stock Dividend approved by the board, the holders of the Registrant’s common stock as of May 20, 2011 (the “Record Date”) shall be issued one (1) share of the Registrant’s common stock for each one (1) share owned by such holders on the Record Date. The Stock Dividend shall be effective and payable on May 24, 2011, or on such other date as FINRA’s notice period for corporate actions has been satisfied for the Stock Dividend (the “Payment Date”).
As a result of the Stock Dividend, 12,416,669 shares of the Registrant’s common stock will be issued to the Registrant’s shareholders of record as of the Record Date. Upon the completion of the stock issuance for the Stock Dividend on the Payment Date, the Registrant will have 24,833,338 shares of common stock issued and outstanding.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Profit Planners Management, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 10, 2011
PROFIT PLANNERS MANAGEMENT, INC. | |
By: /s/Wesley Ramjeet Wesley Ramjeet Chief Executive Officer |