FitLife Brands, Inc. (FTLF) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by FitLife Brands, Inc. on May 15, 2019. The filing primarily serves to announce the Company's financial results for the quarter ended March 31, 2019, via a press release attached as Exhibit 99.1. The Company is incorporated in Nevada and trades on the OTC Pink Marketplace under the symbol FTLF.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the attached press release (Exhibit 99.1) but are not detailed in the body of this Form 8-K.
Material Changes and Corporate Actions
- Dividend Payment: On May 13, 2019, the Board of Directors elected to pay dividends to holders of Series A Convertible Preferred Stock in cash rather than by increasing the stated value of the shares.
- Dividend Amount: The aggregate cash dividend amount is $18,249.
- Authority: This action was taken under the Certificate of Designation, Preferences and Rights of Series A Convertible Preferred Stock, which permits payment in either manner.
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, forward-looking guidance, risk factors, or contingencies beyond the reference to the attached press release. The document explicitly states that the information in this Form 8-K and Exhibit 99.1 is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings except as expressly set forth.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 15, 2019) for specific quarterly revenue, net income, and cash flow figures.
- Verify the impact of the $18,249 cash dividend on the Company's current liquidity position.
- Confirm the terms of the Series A Convertible Preferred Stock regarding future dividend options.
- Check for any subsequent filings that may incorporate the financial data referenced in this report.