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 11, 2017
New Age Beverages Corporation
(State or other jurisdiction of incorporation)
Washington | 333-215267 | 27-2432263 | ||
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation) | file Number) | Identification No.) |
1700 East 68th Avenue, Denver, CO | 80229 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code:(303) 289-8655
(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:
[ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Forward-Looking Statements
This Current Report on Form 8-K and other written and oral statements made from time to time by us may contain so-called “forward-looking statements,” all of which are subject to risks and uncertainties. Forward-looking statements can be identified by the use of words such as “expects,” “plans,” “will,” “forecasts,” “projects,” “intends,” “estimates,” and other words of similar meaning. One can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address our growth strategy, financial results and product and development programs. One must carefully consider any such statement and should understand that many factors could cause actual results to differ from our forward looking statements. These factors may include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward looking statement can be guaranteed and actual future results may vary materially.
Information regarding market and industry statistics contained in this Current Report on Form 8-K is included based on information available to us that we believe is accurate. It is generally based on industry and other publications that are not produced for purposes of securities offerings or economic analysis. We have not reviewed or included data from all sources, and cannot assure investors of the accuracy or completeness of the data included in this Current Report. Forecasts and other forward-looking information obtained from these sources are subject to the same qualifications and the additional uncertainties accompanying any estimates of future market size, revenue and market acceptance of products and services. We do not assume any obligation to update any forward-looking statement. As a result, investors should not place undue reliance on these forward-looking statements.
Item 3.03 Material Modification to Rights of Security Holders
On May 11, 2017, our board of directors and the holders of our Series A preferred stock agreed to redeem all 250,000 shares of Series A preferred stock outstanding for a price of $0.001 per share. The board of directors and holders of our Series A preferred stock further agreed that upon completion of the redemption of the Series A preferred shares, the class of preferred stock designated as Series A preferred stock will be cancelled, with the 250,000 Series A preferred shares being returned to the undesignated treasury shares of the Company’s preferred stock. The Series A preferred shares held voting rights of 500 common shares for every share of Series A preferred stock. The redemption and cancellation of the class of shares designated as Series A preferred stock will allow our common shareholders to have increased common share voting power, as there will no longer be a class of super voting preferred stock.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The exhibits listed in the following Exhibit Index are filed as part of this Current Report on Form 8-K.
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NEW AGE BEVERAGES CORPORATION | ||
Date: May 19, 2017 | By: | /s/ Brent Willis |
Brent Willis, Chief Executive Officer |