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) March 21, 2012
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Tootie Pie Company, Inc.
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(Exact name of registrant as specified in its charter)
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NV
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333-135702
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72-1602919
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(State or other jurisdiction of incorporation or organization)
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(Commission File Number)
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(IRS Employer Identification No.)
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129 Industrial Drive, Boerne, TX 78006
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(Address of principal executive offices)(Zip Code)
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(210) 737-6600
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(Registrant’s telephone number, including area code)
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Not applicable.
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(Former name or former address, if changed since last report)
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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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On March 21, 2012, members of our Board of Directors purchased restricted shares of our common stock and warrants to purchase shares of common stock. We raised $240,000 in gross proceeds. The warrants will have an exercise price of $0.40 per share, will expire upon the Director’s termination from Board service, and are exercisable in whole or in part, at any time prior to expiration. Upon the Director’s termination, regardless of the reason, the Director will have 30 days to exercise the warrants, or the Director must forfeit the warrants back to us.
The transactions are as follows:
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Name of Related Party
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Position
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Amount Invested
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Leslie E. Doss
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Director
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$15,000
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Dan Gostylo
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Director
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$25,000
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Don L. Merrill, Jr.
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President, CEO and Director
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$25,000
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Clifford L. Rogers
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Director
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$150,000
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David P. Strolle, Jr.
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Director
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$25,000
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We anticipate using the proceeds for working capital, including the expansion of our Tootie Pie Gourmet Cafés.
With respect to the sales of our common stock described above, we relied on the Section 4(2) exemption from securities registration under the federal securities laws for transactions not involving any public offering. No advertising or general solicitation was employed in offering the securities. The securities were sold to accredited investors. The securities were offered for investment purposes only and not for the purpose of resale or distribution, and the transfer thereof was appropriately restricted by us.
This report does not constitute an offer to sell or the solicitation of an offer to buy, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any state.
This report contains forward-looking statements that involve risks and uncertainties. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in our annual report on Form 10-K and other reports we file with the Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made. We do not intend to update any of the forward-looking statements after the date of this report to conform these statements to actual results or to changes in our expectations, except as required by law.
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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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TOOTIE PIE COMPANY, INC.
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Date: March 26, 2012
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By:
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/s/ Don L. Merrill, Jr.
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Don L. Merrill, Jr.
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Chief Executive Officer
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