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ECRY.OB > SEC Filings for ECRY.OB > Form 8-K on 4-Nov-2009All Recent SEC Filings

Show all filings for ECRYPT TECHNOLOGIES, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for ECRYPT TECHNOLOGIES, INC.


4-Nov-2009

Other Events


ITEM 8.01 OTHER EVENTS

On November 3, 2009, the Board of Directors (the "Board") of eCrypt Technologies, Inc., (the "Company"), a Colorado corporation, consented to and approved a two-for-one forward split of the Company's 33,384,304 issued and outstanding shares of common stock (the "Forward Split") while maintaining the current number of authorized shares of common stock (500,000,000 shares) and the current par value per share ($0.001). The Company set the Record Date for determining the shareholders entitled to receive the Forward Split shares as November 3, 2009. Pursuant to Rule 10b-17, the Forward Split will become effective 10 days following the submission of the required notification forms to FINRA. We anticipate the effective date to be November 15, 2009 (the "Effective Date"). As a result of the Forward Split, all shareholders of record on the Record Date will receive 2 shares of common stock for every one share of common stock they currently own. On the Effective Date, the Company's transfer agent will cause to be issued and mail to the eligible shareholders of record, one additional share of common stock for each share of common stock held by the shareholder, thereby effectuating the Forward Split on a 2:1 basis.

The Forward Split will result in the increase the number of shares of the Company's common stock issued and outstanding to 66,768,608 while keeping the number of authorized shares and par value of such shares the same. Consummation of the Forward Split will not result in a change in the relative equity position or voting power of the shareholders of the Company. Additionally, there will be no change in the company's CUSIP number or our trading symbol on the OTCBB as a result of the forward stock split.

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