SEC Filing Summary: Sustut Exploration, Inc. (Form 8-K)
Business Context and Reporting Period
This Form 8-K was filed on September 12, 2008, by Sustut Exploration, Inc., a Delaware corporation. The filing reports a complete change in the company's control, management, and board of directors effective on the same date. Note: The request metadata references "Optex Systems Holdings Inc," but the filing text explicitly identifies the registrant as "Sustut Exploration, Inc."
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 governance changes and does not contain financial statements or operational metrics.
Material Changes Versus Prior Period
- Change in Control: Andrey Oks was appointed as the new sole officer and director, replacing Terry Hughes.
- Equity Transaction: The company authorized the issuance of 10,000,000 shares of common stock to Andrey Oks as compensation for his appointment.
- Share Cancellation: Terry Hughes resigned and agreed to cancel all 10,000,000 shares of common stock he previously owned, waiving all rights to them without compensation.
- Management Resignation: Terry Hughes resigned from all positions including President, CEO, CFO, Secretary, Treasurer, and Board Member. The filing states this was not due to any disagreement regarding operations or policies.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. It notes that as of the filing date, there were no written material plans or contracts to which Mr. Oks was a party in connection with his appointment. Mr. Oks brings a background in the utility industry and engineering, having graduated from Rensselaer Polytechnic Institute.
Key Facts for Investor Verification
- Verify the current legal name of the registrant (Sustut Exploration, Inc.) versus the metadata provided (Optex Systems Holdings Inc).
- Confirm the status of the 10,000,000 shares issued to Andrey Oks and the cancellation of Terry Hughes' shares in the company's capitalization table.
- Review subsequent filings to determine if the company has commenced active operations or if it remains a shell company following this leadership transition.
- Check for any undisclosed agreements or compensation arrangements for the new management team not mentioned in this 8-K.