Business Context and Reporting Period
This Form 8-K is a current report filed by Digital Ally, Inc. (trading symbol: DGLY) on April 16, 2021. The filing addresses a procedural omission regarding a corporate governance action approved by stockholders in September 2020. The registrant is incorporated in Nevada and its common stock is listed on The Nasdaq Capital Market.
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is strictly administrative in nature.
Material Changes
The filing reports the late submission of the Certificate of Amendment to Articles of Incorporation. Key details include:
- Original Approval: Stockholders approved an amendment on September 9, 2020, to increase authorized common stock from 50,000,000 to 100,000,000 shares.
- State Filing: The Certificate of Amendment was filed with the Nevada Secretary of State on September 25, 2020.
- SEC Filing Error: The Company inadvertently failed to file a copy of this Certificate on the SEC's EDGAR system at the time of the state filing.
- Correction: This Form 8-K serves to attach the missing Certificate as Exhibit 3.1.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The only unusual item noted is the administrative oversight regarding the initial SEC filing of the Certificate of Amendment.
Key Facts for Investor Verification
- Verify that the authorized share count has been legally increased to 100,000,000 shares via the attached Exhibit 3.1.
- Confirm that no other material events or financial disclosures were omitted from the original September 2020 reporting.
- Note that the filing date (April 16, 2021) is significantly later than the event date (September 2020) due to the clerical error.