Current Report Filing (8-k)
February 26 2019 - 10:31AM
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):
25 February 2019
LANDSTAR,
INC.
(Exact
name of registrant as specified in its charter)
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NEVADA
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000-30542
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86-0914051
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
Number)
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101
J Morris Commons Lane, Suite 105
Morrisville,
North Carolina 27560
(Address
of Principal Executive Offices)
919-858-6542
(Registrant’s
telephone number including area code)
1053
E. Whitaker Mill Road, Suite 115, Raleigh, North Carolina 27604
(Former
name or former address, if changed since 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:
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[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17CFR 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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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 [X]
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. [ ]
On 25 February 2019
LandStar, Inc. (the “
Company
”) filed a lawsuit (the “
Complaint
”) in the United States
District Court for the Eastern District of New York. The Complaint was filed against Hubai Chuguan Industry Co., Ltd. (“
Chuguan
”).
The Complaint also names Madison Stock Transfer Inc., the Company’s transfer agent, as a nominal defendant. With the filing
of the Complaint, the Company seeks to cancel and return to the status of unissued and authorized shares, 1.5 billion shares of
the Company’s common stock which currently stand in the name of Chuguan (the “
Shares
”). The Company believes
that, among other things, the Shares were mistakenly issued and were never delivered to Chuguan; that Chuguan never delivered
consideration for the Shares to the Company; and, that Chuguan has no claim of right to the Shares.
Although
the ultimate outcome of this matter cannot be determined with certainty, the Company believes that its allegations stated in the
Complaint are true and correct. The Company intends to vigorously prosecute the Complaint and to cancel the Shares, with the Shares
then returned to the status of authorized and unissued shares of the Company.
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 hereunto duly authorized.
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Date:
26 February 2019
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LANDSTAR, INC.
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By:
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/S/
JASON REMILLARD
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Jason
Remillard,
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Chief
Executive Officer
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