Optex Systems Holdings Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed on March 26, 2009, by Optex Systems Holdings, Inc. (formerly Sustut Exploration, Inc.), a Delaware corporation. The filing reports corporate governance changes and a stock split executed in March 2009.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate structural changes rather than financial performance.
Material Changes
- Corporate Name Change: On March 26, 2009, shareholders and directors authorized an amendment to the Certificate of Incorporation to change the company name from Sustut Exploration, Inc. to Optex Systems Holdings, Inc.
- Stock Split: On March 12, 2009, the Board approved a 1-for-2.5 forward stock split. The split was payable on March 13, 2009, increasing outstanding shares from 17,999,995 to 44,999,991.
- Preferred Stock Designation: The company authorized 5,000 shares of preferred stock and specifically designated 1,027 shares as Series A Convertible Preferred Stock.
Guidance, Outlook, and Risks
The filing does not contain management commentary, financial guidance, outlook, or specific risk factors. The document is limited to reporting the execution of the name change, stock split, and preferred stock designations.
Investor Verification Checklist
- Verify the effective date of the name change with the State of Delaware.
- Confirm the adjusted share count of 44,999,991 in subsequent trading records.
- Review the attached Certificate of Designation (Exhibit 3.2) for specific conversion rights of the Series A Convertible Preferred Stock.
- Check for any subsequent filings regarding the business operations of the rebranded entity.