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): December 21, 2011
BROWNSHIRE HOLDINGS, INC.
(Exact Name of Registrant as Specified in Charter)
Nevada | 000-52266 | 20-4617652 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
10939 N. Alpine Hwy, PMB 114, Highland, UT | 84003 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: | (801) 216-4500 |
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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Written communications pursuant to Rule 425 under the Securities Act
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 1.01
Entry into a Material Definitive Agreement.
On December 21, 2011, Brownshire Holdings, Inc. (the “Company”) issued a $15,000 unsecured promissory demand note to Joseph Nemelka. This note reflects the amount of a cash advance to the Company by Mr. Nemelka, a director of the Company. The unsecured promissory note bears interest at 8% per annum commencing on December 21, 2011, and is due and payable on December 31, 2013, or immediately upon a change of control. Upon the occurrence of any event of default, the holder of the note may declare the unpaid principal amount of the note and interest thereon immediately due and payable. Events of default shall include default in repayment of the note, voluntary bankruptcy or reorganization of the Company.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
In response to this item, see the disclosure under Item 1.01 of this report, which is incorporated by reference into this Item 2.03.
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.
Brownshire Holdings, Inc.
Date: December 22, 2011
By /s/ Steven G. Black
Steven G. Black, President
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