Current Report Filing (8-k)
July 03 2014 - 3:34PM
Edgar (US Regulatory)
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
July
3, 2014 (June 30, 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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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 5.02
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS
Resignation
On
June 30, 2014, Mr. Judson Hoover resigned as Director of Petron Energy II, Inc., a Nevada Corporation
(the “Company”). The resignation was not the result of any disagreement with the
Company on any matter relating to the Company’s operations, policies or practices.
On July 3, 2014, Petron
Energy II, Inc., a Nevada corporation (the “Company”) effectuated a reverse split (the “Reverse Split”)
of its issued common shares whereby every five hundred (500) pre-split shares of common stock were exchanged for one (1) post-split
share of the Company's common stock. As a result, the total issued shares of common stock of the Company decreased from Nine
Billion Two Hundred Twelve Million Seven Hundred Thousand Five Hundred Seventeen (9,212,700,517) shares prior to the Reverse Split
to Eighteen Million Four Hundred Twenty Five Thousand and Four Hundred and One (18,425,401) shares following the Reverse Split.
FINRA confirmed approval of the Reverse Split on July 1, 2014 and the Reverse Split became effective on July 3, 2014. The
Reverse Split shares are payable upon surrender of certificates to the Company's transfer agent.
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: July 3, 2014
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Petron Energy II, Inc.
|
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By: /s/ Floyd L. Smith |
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Floyd L. Smith |
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Chief Executive Officer |
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