Current Report Filing (8-k)
August 01 2016 - 6:35AM
Edgar (US Regulatory)
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
May
6, 2016
Date
of Report (Date of earliest event reported)
KSIX
MEDIA HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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000-52522
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98-0550352
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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10624
S. Eastern Ave., Suite A-910
Henderson,
NV
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89052
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(Address
of principal executive offices)
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(Zip
Code)
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(702)
701-8030
Registrant’s
telephone number, including area code
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K 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))
SECTION
1 – REGISTRANT’S BUSINESS AND OPERATIONS
Item
1.01 Entry into a Material Definitive Agreement
Series
“A” Preferred Stock- Certificate of Designation
On
May 6, 2016, the Company, pursuant to the consent of the board of directors filed a Certificate of Designation with the Nevada
Secretary of State which designated 10,000,000 shares of the Company’s authorized preferred stock as Series “A”
Preferred Stock, par value $0.001. The Series “A” Preferred Stock has the following attributes:
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Ranks
Senior only to any other class or series of designated and outstanding preferred shares of the Company;
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Bears
no dividend;
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Has
no liquidation preference, other than the ability to convert to common stock of the Company;
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The
Company does not have any rights of redemption;
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Voting
rights equal to ten shares of common stock for each share of Series “A” Preferred Stock;
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Entitled
to same notice of meeting provisions as common stock holders;
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Protective
provisions require approval of 75% of the Series “A” Preferred Shares outstanding to modify the provisions or
increase the authorized Series “A” Preferred Shares; and
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Each
ten Series “A” Preferred Shares can be converted into one common share at the option of the holder.
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Series
“A” Preferred Stock - Issuance
On
May 6, 2016, upon filing the Certificate of Designation which designated 10,000,000 shares of the Company’s $0.001 par value
preferred stock as Series “A”, the board of directors authorized the Company to issue all 10,000,000 shares of Series
“A” Preferred Stock to Carter Matzinger, Chief Executive Officer and Chairman of the Board of Directors, for services
previously rendered.
The
Company valued these shares based upon their conversion rate of 10 shares of preferred stock for each share of common stock based
on the market price of the common stock as of March 30, 2016 of $0.18 per share. The Company has recorded accrued compensation
expense for the three months ended March 31, 2016 in the amount of $180,000.
SECTION
9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a)
Financial Statements of Business Acquired.
Not
Applicable
(b)
Pro forma Financial Information
.
Not
applicable.
(c)
Shell Company Transaction.
Not
applicable.
(d)
Exhibits.
10.1
– Preferred Stock, Series “A” NVSOS Designation and Written Consent dated May 6, 2016
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.
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NORTH
AMERICAN ENERGY RESOURCES, INC.
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DATE:
August 1, 2016
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By:
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/s/
Carter Matzinger
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Name:
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Carter
Matzinger
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Title:
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President
and Chief Executive Officer
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