Business Context and Reporting Period
Optex Systems Holdings, Inc. filed this Form 8-K on October 6, 2015, to announce a corporate action regarding its capital structure. The company is incorporated in Delaware and operates under the ticker symbol OPXS on the OTCQB.
Key Financial Metrics
This filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a structural change to the company's equity.
Material Changes
- Reverse Stock Split: A 1-for-1,000 reverse stock split will become effective on October 7, 2015.
- Share Count Reduction: The number of issued and outstanding shares will decrease from approximately 180 million to approximately 180,000.
- Adjustment of Securities: The split affects all outstanding common stock, as well as stock options, warrants, convertible notes, and convertible preferred stock.
- Trading Status: The stock will trade on a split-adjusted basis starting October 7, 2015. The ticker symbol will be temporarily appended with "D" for 20 trading days.
- Identification: Post-split shares will trade under a new CUSIP number: 68384X209.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the mechanics of the stock split. No unusual items were reported.
Investor Verification Checklist
- Verify the effective date of the reverse stock split (October 7, 2015).
- Confirm the new CUSIP number (68384X209) for post-split shares.
- Check brokerage accounts for the temporary "D" suffix on the ticker symbol OPXS.
- Review instructions from the transfer agent (Equity Stock Transfer) if holding physical share certificates.
- Confirm that fractional shares are rounded up to the next whole share.