Business Context and Reporting Period
This Form 8-K Current Report was filed by Wizard World, Inc. on July 13, 2012, covering events occurring on July 9, 2012. The filing addresses corporate governance actions regarding equity compensation plans. Note: The request metadata references "Prairie Operating Co.," but the filing text explicitly identifies the registrant as Wizard World, Inc.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a disclosure of a material definitive agreement and changes to compensatory arrangements.
Material Changes
- Equity Plan Amendment: The Board of Directors approved the Second Amended and Restated 2011 Incentive Stock and Award Plan.
- Share Authorization Increase: The number of authorized shares subject to the Plan was increased from 5,000,000 to 7,500,000 shares of common stock.
- Scope of Change: The amendment specifically targeted Section 4 of the original Plan to facilitate the share increase.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of specific risks and contingencies. The primary focus is the administrative approval of the amended stock plan, with the full text of the plan provided as Exhibit 10.1.
Investor Verification Checklist
- Verify the total number of shares authorized under the new plan (7,500,000) against the company's current outstanding share count to assess potential dilution.
- Review Exhibit 10.1 (Second Amended and Restated 2011 Incentive Stock and Award Plan) for specific vesting schedules and eligibility criteria.
- Confirm that the increase in authorized shares was approved by unanimous written consent of the Board as stated.