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): April 15, 2014
EMBARR DOWNS, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
000-55044
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46-3403755
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(Commission File No.)
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(IRS Employer Identification No.)
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205 Ave Del Mar #984
San Clemente, CA 92674
(Address of principal executive offices) (zip code)
(949) 461-1471
(Registrant’s telephone number, including area code)
Not Applicable
(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:
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
(1)
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The Company approved the issuance of a Series C Preferred Stock to common shareholders of record as of April 30, 2014. Each shareholder shall receive 1 share of Series A Preferred Stock for every 3,500 shares of Common Stock, any fractional share shall be rounded up to the nearest share. The expected payment date is May 10, 2014.
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(2)
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The Company will provide a quarterly dividend to its Series C Preferred Stock holders of $1.50 per quarter or $6.00 per year for each share of Series C Preferred Stock.
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(3)
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The Company may distribute additional shares of its Series C Preferred Stock to shareholders in the future.
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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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Embarr Downs, Inc. |
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Dated: April 15, 2014
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By:
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/s/ Joseph Wade
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Name:
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Joseph Wade
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Title:
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CEO
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