UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 0R 15 (D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

June 20, 2014

Date of Report (Date of earliest event reported)

 

Petron Energy II, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada 333-160517 26-3121630

(State or Other Jurisdiction

of Incorporation)

 (Commission File Number) (IRS Employer Identification No.)

 

17950 Preston Road, Suite 960

Dallas, Texas 75252

(Address of principal executive offices)

 

(972) 272-8190

Registrant’s telephone number, including area code

 

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 (see General Instruction A.2. below):

 

[ ] 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))

 

 

 

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PETRON ENERGY II, INC.

Form 8-K

Current Report

 

 

ITEM 5.03    AMENDMENTS TO ARTICLES OF INCORPORATION; CHANGE IN FISCAL YEAR

 

Change in Par Value of Common Stock

 

On June 20, 2014, the Company, by and through its Board of Directors and with written consent of a majority of its shareholders entitled to vote, effectuated an amendment to the Company’s Articles of Incorporation regarding a change in the par value of the Company’s common stock from $0.0001 par value per common stock share to $0.00001 par value per common stock share.

 

The above description of the amendment to the Company’s Articles of Incorporation (the “Amendment”) is intended as a summary only and which is qualified in its entirety by the terms and conditions set forth therein, and may not contain all information that is of interest to the reader. For further information regarding the terms and conditions of the Amendments, this reference is made to such Amendment, which is filed as Exhibit 3.1 hereto and is incorporated herein by this reference.

 

ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS

 

   
(d) Exhibits

 

   

Exhibit No.

 

 Description of Exhibit

 

3.1      

 

June 20, 2014 Amendment to Articles of Incorporation.

 

 

 

 

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 thereunto duly authorized.

 

Date: June 20, 2014

 

 

Petron Energy II, Inc.

 

  By: /s/ Floyd L. Smith
  Floyd L. Smith
  Chief Executive Officer

 

 

 

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Certificate of Amendment to Articles of Incorporation

For Nevada Profit Corporations

(Pursuant to NRS 78.385 and 78.390 - After Issuance of Stock)

(continued)

 

“3. Authorized Stock: (number of shares corporation is authorized to issue):

 

Total Number of authorized shares: 25,010,000,000

Par value per share of Common Stock: $0.00001

Par value per share of Preferred Stock: $0.001

 

“ARTICLE IV.

 

The total number of shares of stock that the Corporation shall have authority to issue is 25,010,000,000, consisting of 25,000,000,000 shares of common stock, $0.00001 per share (“Common Stock”), and 10,000,000 shares of preferred stock par value $0.001 per share (“Preferred Stock”).

 

Shares of Preferred Stock of the Corporation may be issued from time to time in one or more series, each of which shall have such distinctive designation or title as shall be determined by the Board of Directors of the Corporation (“Board of Directors”) prior to the issuance of any shares thereof.  Preferred Stock shall have such voting powers, full or limited, or no voting powers, and such preferences and relative, participating, optional or other special rights and such qualifications, limitations or restrictions thereof, as shall be stated in such resolution or resolutions providing for the issue of such class or series of Preferred Stock as may be adopted from time to time by the Board of Directors prior to the issuance of any shares thereof.  The number of authorized shares of Preferred Stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the voting power of all the then outstanding shares of the capital stock of the corporation entitled to vote generally in the election of the directors (the “Voting Stock”), voting together as a single class, without a separate vote of the holders of the Preferred Stock, or any series thereof, unless a vote of any such holders is required pursuant to any Preferred Stock Designation.

 

The amendments described herein shall have no effect whatsoever on any of the Corporation’s previously designated series of preferred stock, including the preferences, limitations and rights associated therewith, which series of preferred stock shall remain in full force and effect following the effectiveness of the amendments described above and it shall be treated for all purposes as though such Certificates of Designation are incorporated by reference herein and restated herein in their entirety.