Attached files
| file | filename |
|---|---|
| 8-K/A - FORM 8-K/A DATED DECEMBER 10, 2011 - GARB OIL & POWER CORP | form8ka121011.htm |
GARB Shareholders Meeting Minutes
December 10, 2011, 11:00 am
Attendees:
Matt Shepherd, Rick Jackson, Bill Anderson, Joe Wright, Jim Bennett, Bryan Coats
Officers: John Rossi, CEO
Igor Plahuta, CTO
Alan Fleming, COO
John Rossi, CEO, conducted the meeting.
Mr. Rossi established that a quorum was present.
Mr. Rossi had Mr. Bennett and Mr. Coats from NOW CFO present a status of progress for all filings that are due. Mr. Bennett and Mr. Coats stated the anticipated time frame for the necessary filings with the SEC is mid to late January.
The first order of business was to eliminate the Preferred Class C class of stock as specified on the March 10, 2010 filing on changes to the Article IV of the Articles of Incorporation of Garb Oil & Power Corporation. It was stated that no shares are issued or outstanding in the Garb Preferred Class C. This motion was put forward by Mr. Rossi and seconded by Matt Shepherd. A vote was taken and all shareholders present voted in favor of the motion. The Garb Preferred Class C stock, as established on March 10, 2010 was eliminated. An 8K will be filed shortly modifying the Article IV of the Articles of Incorporation of Garb Oil & Power Corporation to reflect
this new decision.
The second order of business was to discuss alternatives for Class B shares. After the discussion, it was stated by Mr. Rossi that a letter will be sent out to all Class B shareholders and allow them to vote on alternatives for the status of Class B shares.
Mr. Rossi stated the Class A shares would not be adjusted at this time.
Mr. Rossi stated the authorized common shares would stay the same at this time. This has been the recommendation of our advisors until all filings are up to date and management as concurred.
Mr. Rossi provided an update on the operations of the company and answered questions and a discussion ensued.
Mr. Rossi motioned to adjourn the meeting and Mr. Jackson, seconded the motion. The meeting was adjourned at 1 pm.