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): February 18, 2014
EMBARR DOWNS, INC.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
000-55044 (Commission File No.) | 46-3403755 (IRS Employer Identification No.) |
205 Ave Del Mar #984 San Clemente, CA 92674 |
(Address of principal executive offices) (zip code) |
(949) 461-1471 |
(Registrant’s telephone number, including area code) |
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b)) |
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c)) |
Item 8.01 Other Events.
(1) | On February 18, 2014, the Company’s Board of Directors approved an annual dividend of $.001 to its shareholders to be paid quarterly. The dividend of $.001 per share shall be paid in equal payments over these quarters. This dividend payment is in addition to the 20% of the purse winnings from the Company’s thoroughbreds. The Company will make special dividends to include any purse winnings from its thoroughbreds. |
As such on February 18, 2014 the Company filed a Notification of Corporate Action with FINRA for a dividend of $0.00025 per share to shareholders of record on February 28, 2014. Any fraction of a penny shall be rounded up to the nearest $.01. The Company expects the dividend to be paid on March 7, 2014.
(2) | The Company has entered its thoroughbred, Newfound Gold, into the 6th race on Friday February 21, 2014 at Santa Anita. |
(3) | The Company currently expects to enter Street Car into a race on March 2, 2014 at Los Alamitos. |
Dated: February 18, 2014 | Embarr Downs, Inc By: /s/ Joseph Wade Name: Joseph Wade Title: CEO |