Repositrak, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Repositrak, Inc. (Nevada corporation) on December 10, 2024, covering events occurring on December 9, 2024. The company's common stock trades on the New York Stock Exchange under the symbol "TRAK."
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 governance actions rather than financial performance data.
Material Changes
On December 9, 2024, the Company terminated the designation of its Series B-1 Preferred Stock. Key details include:
- The Company filed a Withdrawal of Certificate of Designation with the Nevada Secretary of State.
- The action was approved by the Board of Directors.
- There were no shares of Series B-1 Preferred outstanding on the effective date.
- The original authorization for this series was 550,000 shares with a par value of $0.01 per share.
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 report is limited to the administrative withdrawal of the preferred stock designation.
Investor Verification Checklist
- Confirm the effective date of the Series B-1 Preferred Stock termination (December 9, 2024).
- Verify that no shares of Series B-1 Preferred were outstanding at the time of withdrawal.
- Review the attached Exhibit 3.1 (Certificate of Withdrawal) for legal specifics.
- Check subsequent filings for any new capital structure changes or financial updates.