Current Report Filing (8-k)
May 15 2020 - 3:56PM
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
Date
of Report (date of earliest event reported):
May
15, 2020
FRANCHISE
HOLDINGS INTERNATIONAL, INC
(Exact
Name of Registrant as Specified in its Charter)
Nevada
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000-27631
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65-0782227
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(State
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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414-3120
Rutherford Rd, Vaughan, ON.,
L4K
0B1
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(Address
of principal executive offices)
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888-554-8789
(Registrant’s
telephone number, including area code)
(Former
Name or former address if changed from last report.)
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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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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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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[ ]
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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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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
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FNHI
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OTC
Markets
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
8.01 Other Events.
Franchise
Holdings International, Inc. (the “Company”) is providing the following update on the filing of its Form 10-Q for
the three months ended March 31, 2020. As result of the global outbreak of the COVID-19 virus and by various state and national
orders in the United States, China, and Canada, officers have been restricted to their homes and unable to be on the Company’s
premises. This has restricted access to information required in order to complete the review. The Company is working with its
audit firm to provide the necessary information during this time.
In
light of the factors described below relating to certain Securities Exchange Act of 1934 (the “Exchange Act”) reports
of the Company covering prior fiscal periods, the Company had initially planned to avail itself of the five day filing extension
provided by Rule 12b-25 under the Exchange Act in order to complete its work on its Form 10-Q for the three months ended March
31, 2020. In light of the impact of the additional factors described above, the Company now believes that it will be unable to
compile and review certain information required in order to permit the Company to file a timely Quarterly Report on Form 10-Q
for its three months ended March 31, 2020 by the prescribed date, taking into account the extension normally available under Rule
12b-25 under the Exchange Act, without unreasonable effort or expense.
On
March 4, 2020 the Securities and Exchange Commission (the “SEC”) issued an Order (Release No. 34-88318) under Section
36 of the Exchange Act granting exemptions from specified provisions of the Exchange Act and certain rules thereunder (the “Initial
Order”). On March 25, 2020 the SEC issued an Order (Release No. 34-88465) under Section 36 of the Exchange Act, superseding
the Initial Order and further extending the exemptions from specified provisions of the Exchange Act and certain rules thereunder
(the “Second Order”). The Second Order provides that a registrant subject to the reporting requirements of Exchange
Act Section 13(a) or 15(d), and any person required to make any filings with respect to such a registrant, is exempt from any
requirement to file or furnish materials with the Commission under Exchange Act Sections 13(a), 13(f), 13(g), 14(a), 14(c), 14(f),
15(d) and Regulations 13A, Regulation 13D-G (except for those provisions mandating the filing of Schedule 13D or amendments to
Schedule 13D), 14A, 14C and 15D, and Exchange Act Rules 13f-1, and 14f-1, as applicable, where certain conditions are satisfied.
The
Company is relying on the Second Order and is furnishing this Current Report on Form 8-K by the original filing deadline of the
report. The Company currently expects to file its Quarterly Report on Form 10-Q approximately 45 days after May 15, 2020.
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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Franchise
Holdings International, Ltd.
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Date:
May 15, 2020
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/s/
Steven Rossi
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By:
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Steven
Rossi
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Title:
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CEO
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