Business Context and Reporting Period
This Form 8-K Current Report was filed by SilverSun Technologies, Inc. (trading symbol: SSNT) on September 13, 2019. The report addresses a corporate governance action involving the amendment of the Company's Certificate of Incorporation.
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 a capital structure amendment and does not contain financial performance data.
Material Changes
- Elimination of Series B Preferred Stock: The Company filed a Certificate of Elimination with the Delaware Secretary of State to remove Series B Preferred Stock from its Certificate of Incorporation.
- Cancellation of Shares: Prior to the filing, Mark Meller, the Company's CEO, Chairman, and sole owner of the Series B Preferred Stock, cancelled the only outstanding share of this class.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items beyond the administrative change to the capital structure.
Investor Verification Checklist
- Verify the effective date of the Certificate of Elimination with the Delaware Secretary of State.
- Confirm the current capital structure to ensure no other preferred stock classes remain outstanding.
- Review subsequent filings for any impact this cancellation may have on the Company's weighted average shares outstanding or earnings per share calculations.