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) January 3, 2002
Commission File Number 0-33215
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EMPS CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
NEVADA 87-0617371
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(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) Number)
875 Donner Way, Unit 705, Salt Lake City, Utah
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(Address of principal executive offices)
84108
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(Zip Code)
(801) 582-1881
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(Registrant's Executive Office Telephone Number)
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ITEM 5. OTHER INFORMATION
The corporation's board of directors unanimously declared by resolution
to increase the authorized capital stock of the corporation from Fifty Million
shares to One Hundred and Fifty Million shares and to correspondingly increase
the total issued and outstanding common stock thereby effecting a three-for-one
forward stock split in accordance with the provisions of Section 78.207 and
78.209 of the Nevada Revised Statutes ("NRS"). The board of directors believes
this action was advisable in order to facilitate trading of the corporation's
securities and to increase liquidity for the shareholders.
Pursuant to this action by the board of directors, the corporation
filed a Certificate of Amendment to its Articles of Incorporation with the State
of Nevada on January 3, 2002, to increase its authorized and issued and
outstanding common stock. The record date, or the date shareholders of record
are entitled to participate in the forward split ("Record Date"), will be
January 15, 2002. The payment date, or the date the new certificates will be
sent to shareholders ("Payment Date"), will be on or about January 18, 2002.
The total issued and outstanding common stock of the corporation
immediately prior to the forward split was 865,100 shares. The total issued and
outstanding common stock of the corporation immediately following the forward
split will be 2,595,300 shares. There will not be any fractional shares
resulting from the forward stock split. The par value of the common stock will
remain at $.001 per share. The common stock issued pursuant to the forward stock
split will be fully paid and non-assessable. The number of shareholders as of
the Record Date will remain unchanged and unaffected by the forward stock split.
There will be no exchange of certificates and each shareholder as of
the Record Date will receive two additional shares for each share held as of the
Record Date. The corporation will bear all of the costs associated with issuance
of the additional certificates representing shares issued as a result of the
forward stock split.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Current Report on Form 8-K to be signed on
its behalf by the undersigned hereunto duly authorized.
EMPS CORPORATION
Date: January 7, 2002 By /s/ Louis Naegle
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Louis Naegle, President
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