FitLife Brands, Inc. 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by FitLife Brands, Inc. on April 11, 2019, with the earliest event reported on the same date. The filing details a material modification to the rights of security holders involving a complex stock split transaction.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on corporate governance and capital structure changes.
Material Changes
- Reverse/Forward Split: The Company executed a 1-for-8,000 reverse stock split followed immediately by an 800-for-1 forward stock split.
- Effective Date: The transaction became effective on April 16, 2019, at approximately 12:01 a.m. PST.
- Trading Symbol: Post-split trading on the OTC:PINK marketplace will occur under the ticker symbol "FTLFD". A "D" suffix will appear for 20 business days following the effective date.
- CUSIP Number: The new CUSIP number is 33817P207.
- Authorized Shares: The total number of authorized shares of Common Stock is now 15,000,000.
- Fractional Shares: Holders with fewer than 8,000 shares pre-split will receive cash in lieu of fractional shares and cease to be stockholders. Holders with more than 8,000 shares will have fractional shares rounded up to the next whole share.
Guidance, Outlook, and Risks
The filing does not contain management commentary on financial outlook, guidance, or specific risk factors beyond the mechanics of the stock split. The transaction was approved by the Board of Directors on March 25, 2019, and did not require stockholder approval under Nevada Revised Statutes Section 78.02.
Investor Verification Checklist
- Verify the new ticker symbol "FTLFD" and the 20-day "D" suffix period on the OTC:PINK marketplace.
- Confirm the new CUSIP number (33817P207) with your broker to ensure proper trade execution.
- Check for the letter of transmittal from Colonial Stock Transfer regarding the receipt of new certificates or cash for fractional shares.
- Review the impact of the split on the number of shares held and the adjusted share price.