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 19, 2014
Commission file number: 000-54046
GREENPLEX SERVICES, INC.
(Exact name of small business issuer as specified in its charter)
| Nevada |
| 27-0856924 |
| (State or other jurisdiction |
| (IRS Employer |
| of incorporation or organization) |
| Identification No.) |
2525 E. 29th Ave. Ste. 10-B
Spokane, WA 99223
(Address of principal executive offices)
(208) 591-3281
(Registrant’s telephone number)
_________________________________
(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:
| [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act(17CFR240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c)) |
Items to be Included in this Report
Item 1.01 Entry into a Material Definitive Agreements.
On March 19, 2014, a creditor of Greenplex Services, Inc. that had outstanding loans due to them from Greenplex agreed to convert their loans due plus any accrued interest into common shares of stock at a conversion rate of $0.075 per share. The total outstanding loans in aggregate were $5,000 and the aggregate interest accrued up to March 19, 2014 was $0. A total of 66,667 shares in aggregate were issued in exchange for the loans due.
Item 3.02 Unregistered Sales of Securities.
On March 19, 2014, we issued 66,667 unregistered shares of our common stock, par value $0.001, at $0.075 per share from our treasury to a creditor of Greenplex Services, Inc. in exchange for outstanding loans in aggregate of $5,000 and aggregate interest accrued of $0. In the issuance of the securities referenced under Item 1.01 of this report we are relying on the exemption from registration provided by Section 4(2) of the Securities Act of 1933 for sales to sophisticated investors given full disclosure. We believed that Section 4(2) was available because the offer and sale did not involve a public offering and there was not general solicitation or general advertising involved in the offer or sale and no fees were paid in connection with the transaction.
Signature(s)
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.
Dated: March 25, 2014
GREENPLEX SERVICES, INC.
By:
/s/ Kyle W. Carlson
Kyle W. Carlson
President, Treasurer, CEO, & CFO