Business Context and Reporting Period
This Form 8-K Current Report was filed by Orient Paper, Inc. (formerly Carlateral, Inc.) on December 21, 2007. The report details corporate governance actions taken on the Effective Date of December 21, 2007, following stockholder authorization.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate structural amendments rather than financial performance.
Material Changes
Stockholders holding 22,646,043 shares (representing 56.5% of issued and outstanding shares as of November 19, 2007) authorized the following amendments to the Articles of Incorporation:
- Name Change: The company name was changed from Carlateral, Inc. to Orient Paper, Inc.
- Authorized Stock Increase: The amount of authorized common stock (par value $.001 per share) was increased from 75 million to 500 million shares.
- Preemptive Rights: Preemptive rights to acquire unissued shares of Common Stock were eliminated.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document serves solely to disclose the effective date of the corporate amendments.
Investor Verification Checklist
- Verify the effective date of the name change to Orient Paper, Inc.
- Confirm the new authorized share count of 500 million shares.
- Review the Certificate of Amendment of Articles of Incorporation (Exhibit 3.1.1) for legal specifics.
- Check subsequent filings for financial data, as this 8-K contains no financial statements.