UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of January 2017

 

Commission File Number: 001-35132

 

BOX SHIPS INC.

(Name of Registrant)

 

15 Karamanli Ave., GR 166 73, Voula, Greece

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x    Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 

   

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

On January 26, 2017, Box Ships Inc. (the “Company”) filed an amendment to its Amended and Restated Articles of Incorporation to effectuate a reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.01 per share. A copy of the amendment is attached hereto as Exhibit 3.01.

 

As previously disclosed on a Form 6-K filed on February 16, 2016, on February 12, 2016, the shareholders of the Company authorized the Company’s Board of Directors (the “Board of Directors”) to effect one or more reverse splits of the Company’s issued and outstanding common stock at a ratio within the range from 1-for-2 up to 1-for-50, at any time prior to February 12, 2017, at the discretion of the Board of Directors.

 

On January 4, 2017, the Board of Directors authorized a reverse stock split at a ratio of 1-for-50 (the “Reverse Split”) which became effective with the Republic of the Marshall Islands at 12:01 a.m. New York time (5:01 p.m. Marshall Islands time) on January 26, 2017. The Reverse Split will become effective with The OTC Markets at the open of business on January 31, 2017. As a result of the Reverse Split, every 50 shares of the Company’s pre-reverse split common stock will be combined and reclassified into one share of the Company’s common stock. No fractional shares of common stock will be issued as a result of the Reverse Split. Stockholders who otherwise would be entitled to a fractional share shall receive the next higher number of whole shares.

 

The par value and other terms of Company’s common stock were not affected by the Reverse Split. The Company’s post-reverse split common shares have a new CUSIP number, Y09675 201. The Company’s transfer agent, Computershare Trust Company Inc. is acting as exchange agent for the Reverse Split and will send instructions to shareholders of record regarding the exchange of certificates for common stock.

 

The following exhibit is filed herewith:

 

Exhibit Number  

 

Description

     
3.01   Articles of Amendment to the Amended and Restated Articles of Incorporation, as filed with the Registrar of Corporations of the Marshall Islands on January 26, 2017.  

 

 

 

  

SIGNATURE

 

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.

 

  BOX SHIPS INC.
   
Date:  January 30, 2017 BY: /s/ GEORGE SKRIMIZEAS
  George Skrimizeas
  Chief Operating Officer

 

 

 

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