UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-K/A

 

þANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2011

 

¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                  

 

Commission file number 333-177209

 

UNIVERSAL TECH CORP.

(Exact name of registrant as specified in charter)

 

Delaware   45-24003399
(State or Other Jurisdiction of   (I.R.S. Employer Identification No.)
Incorporation or Organization)    
     
1608 S. Ashland Ave #70547    
Chicago, Illinois   60608-2013
(Address of Principal Executive Offices)   (Zip Code)

 

1-855-334-3331
(Issuer’s Telephone Number)

 

Securities registered pursuant to Section 12(b) of the Act:  None

 

    Name of Each Exchange
Title Of Each Class   on Which Registered

 

Securities registered under Section 12(g) of the Exchange Act:

Common Stock, $0.0001 par value per share

Title of Class

 

Indicate by check mark whether the registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act. Yes    ¨      No       þ

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes    ¨      No       þ

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes     þ     No      ¨

 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.       þ

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer.  See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act.   (Check one):

 

Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated filer ¨
Smaller Reporting Company þ

 

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act) Yes      þ      No      ¨

 

Number of shares of common stock outstanding as of February 20, 2012 was 2,090,000.

 

DOCUMENTS INCORPORATED BY REFERENCE – None

 

 
 

  

EXPLANATORY NOTE

 

We are filing this Amendment to our Form 10-K for the fiscal year ended December 31, 2011, because FINRA has informed us that it believes that as of December 31, 2011, we were a shell company as defined under the Securities Exchange Act and related rules and regulations. We are revising our Form 10-K to check the box indicating that we are a shell company, and to amend Risk Factor 29, to reflect our being a shell company as of December 31, 2011.

 

No other changes are being made to our Form 10-K and no information is being updated in this Amendment. Only the changed pages are included with this filing.

 

Except as described above, the remainder of the Form 10-K is unchanged and does not reflect events occurring after the original filing of the Form 10-

K with the Commission on March 1, 2012.

  

 
 

 

We have been advised that, in the opinion of the SEC, indemnification for liabilities arising under federal securities laws is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against these types of liabilities, other than the payment by us of expenses incurred or paid by a director, officer or controlling person in the successful defense of any action, suit or proceeding, is asserted by a director, officer or controlling person in connection with the securities being registered, we will (unless in the opinion of our counsel, the matter has been settled by controlling precedent) submit to a court of appropriate jurisdiction, the question whether indemnification by us is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. The legal process relating to this matter, if it were to occur, is likely to be very costly and may result in us receiving negative publicity, either of which factors is likely to materially reduce the market and price for our shares, if such a market ever develops.

 

29.  If a market develops for our shares, sales of our shares relying upon Rule 144 may depress prices in that market by a material amount.

 

All of the currently outstanding shares of our Common Stock are ‘‘restricted securities’’ within the meaning of Rule 144 under the Securities Act of 1933, as amended. As restricted securities, these shares may be resold only pursuant to an effective registration statement or under the requirements of Rule 144 or other applicable exemptions from registration under the Act and as required under applicable state securities laws. Rule 144 provides in essence that a person who has held restricted securities for a prescribed period may, under certain conditions, sell every three months, in brokerage transactions, a number of shares that does not exceed 1.0% of a company’s outstanding Common Stock. The alternative average weekly trading volume during the four calendar weeks prior to the sale is not available to our shareholders being that the OTCBB (if and when listed thereon) is not an ‘‘automated quotation system’’ and, accordingly, market based volume limitations are not available for securities quoted only over the OTCBB. As a result of revisions to Rule 144 which became effective on or about February 15, 2008, there is no limit on the amount of restricted securities that may be sold by a non-affiliate (i.e., a stockholder who has not been an officer, director or control person for at least 90 consecutive days) after the restricted securities have been held by the owner for a period of one year, provided that the securities were not issued by a shell company or that the issuer who issued the securities has not been a shell company for at least one year. We are currently a shell company, as defined in the rules and regulations under the Securities Act of 1933. None of our currently outstanding shares of Common Stock have been held for one year or more, and our only outstanding shares that are held by non-affiliates are registered shares. A sale under Rule 144 or under any other exemption from the Act, if available, or pursuant to registration of shares of Common Stock of present stockholders, may have a depressive effect upon the price of the Common Stock in any market that may develop.

 

Item 2. Description of Property.

 

The Company has an address at 1608 S. Ashland Ave #70547, Chicago, Illinois 60608-2013. Our officers and directors work from their homes. The Company does not own or lease any real property. In the future, our employees may also work from their homes. We have not paid any rent since incorporation. When and if our operations expand sufficiently to justify the expense of having our own space, we will look for an appropriate facility..

 

Item 3. Legal Proceedings.

 

There are no pending legal proceedings to which we are a party or in which any of our Directors, officers or affiliates, any owner of record or beneficially of more than 5% of any class of our voting securities, or security holder is a party adverse to us or has a material interest adverse to ours. Our property is not the subject of any pending legal proceedings.

 

Item 4. Submission of Matters to a Vote of Security Holders

 

We did not submit any matters to a vote of security holders during the fourth quarter of the year ended December 31, 2011.

 

PART II

 

Item 5. Market for Common Equity and Related Stockholder Matters.

 

Market for our common stock

 

There is currently no market for our shares. We cannot give you any assurance that the shares will ever have a market or that if a market for our shares ever develops, that you will be able to sell your shares. In addition, even if a public market for our shares develops, there is no assurance that a secondary public market will be sustained.

 

 
 

 

SIGNATURES

 

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  UNIVERSAL TECH CORP.
     
Date: April 17, 2012 By: /s/ Avinoam Cohen
    Name: Avinoam Cohen
    Title: President, Chief Executive Officer, Treasurerer and OfficerOfficer,Treuaryand
    Treasurer and Director
    (Principal Executive Officer and Principal
    Financial Officer)
  By: /s/ Anna Irena De Vincenz
    Name: Anna Irena De Vincenz
    Title: Secretary and Director

 

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and the dates indicated.

 

Signature   Title   Date  
           

/s/ Avinoam Cohen

Avinoam Cohen

 

President, Chief Executive Officer, Treasurer and Director 

(Principal Executive Officer and Principal Financial and

 Accounting Officer)

  April 17, 2012  
         
/s/ Anna Irena De Vincenz

Secretary and Director  

  April 17, 2012  
           
 Anna Irena De Vincenz