U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)
CITY CAPITAL CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
17776P-20-9
(CUSIP Number)
Ephren W. Taylor, II, CEO
City Capital Corporation
2000 Mallory Lane, Suite 130-301
Franklin, Tennessee 37067
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
October 8, 2008
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), (f) or (g),
check the following box [ ].
1. Names of Reporting Persons. S.S or I.R.S. Identification Nos. of
Above Persons (entities only): Ephren W. Taylor II
2. Check the Appropriate Box if a Member of a Group (See
Instructions):
(a)__________________________________________________________________
(b)__________________________________________________________________
3. SEC Use Only:
4. Source of Funds (See Instructions):
OO
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e):
6. Citizenship or Place of Organization: United States
Number of Shares Beneficially Owned by Each Reporting Person With:
7. Sole Voting Power: 469,636
8. Shared Voting Power: 0
9. Sole Dispositive Power: 469,636
10. Shared Dispositive Power: 0
11. Aggregate Amount Beneficially Owned by the Reporting Persons
(combined): 469,636
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares: _______
13. Percent of Class Represented by Amount in Row (11): 13.01% (as
of October 8, 2008)
14. Type of Reporting Person: IN
ITEM 1. SECURITY AND ISSUER.
City Capital Corporation
Common Stock, $0.001 par value
2000 Mallory Lane, Suite 130-301
Franklin, Tennessee 37067
ITEM 2. IDENTITY AND BACKGROUND.
(a) Name: Ephren W. Taylor II.
(b) Address: 2000 Mallory Lane, Suite 130-301, Franklin, Tennessee 37067
(c) Occupation: CEO of the Issuer.
(d) During the last five years, such person has not been convicted
in a criminal proceeding.
(e) During the last five years, such person was a not a party to a
civil proceeding of a judicial or administrative body of
competent jurisdiction
(f) Citizenship: United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
See Item 6 below.
ITEM 4. PURPOSE OF TRANSACTION.
See Item 6 below.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) 469,636 shares owned by Mr. Taylor (2,302 directly and 467,334
indirectly through Ephren Taylor Holdings LLC, which is
controlled by Mr. Taylor). This amount represents, as of
October 8, 2008, 13.01% of the outstanding common stock of the Issuer.
(b) Mr. Taylor has sole voting and dispositive power with respect to
469,636 shares reported.
(c) Transactions in the class of securities reported on that were
effected during the past sixty days or since the most recent
filing of Schedule 13D, whichever is less: See Item 6 below.
(d) No other person has the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of,
such securities.
(e) If applicable, state the date on which the reporting person
ceased to be the beneficial owner of more than five percent of
the class of securities: Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
2,500,000 shares of executive compensation (issued to Mr. Taylor on
May 5, 2008) was valued at $500,000 (contract value) in accordance
with Mr. Taylor's employment agreement dated January 1, 2008. The
stock value at January 3, 2008 was $1.30 per share and only 384,615
should have been issued in accordance with Section 3.2 of his
employment agreement with the Issuer, as described in Item 6 below.
The Issuer recorded $2,115 relating to the 2,115,385 shares that were
canceled on October 8, 2008 (2,500,000 less the 384,615 less the
200,000 shares already transferred to a third party).
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Employment Agreement between the Issuer and Ephren W. Taylor II,
dated January 1, 2008 (incorporated by reference to Exhibit 10.8 of
the Form 10-Q filed on May 20, 2008).
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the above information set forth in this
statement is true, complete and correct.
Ephren W. Taylor II
Date: May 14, 2009 /s/ Ephren W. Taylor II
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