UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
(Amendment No. 2)
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 1, 2013
SALON MEDIA GROUP, INC.
(Exact name of registrant as specified in charter)
Delaware |
0-26395 |
94-3228750 | |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer | |
870 Market Street, Room 528 San Francisco, CA (Address of principal executive offices) |
94102 (Zip Code) | ||
Registrants telephone number, including area code: (415) 645-9200 | |||
Not Applicable |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
EXPLANATORY NOTE
Salon Media Group, Inc. (the Company) files this Amendment No. 2 (Amendment No. 2) to its Current Report on Form 8-K of Salon Media Group, Inc. originally filed with the Securities and Exchange Commission on March 7, 2013, which disclosed the Companys recapitalization plan (the Original Report). This Amendment No. 2 is being filed to report approval of the increase in authorized shares of common stock discussed in the Original Report by the stockholders of the Company at a special meeting and related matters. No other changes have been made to the Original Report by this Amendment No. 2.
Item 5.03 Amendments to Articles of Incorporation or Bylaws, Change in Fiscal Year.
On April 18, 2013, the Company filed a Certificate of Amendment to its Restated Certificate of Incorporation with the Delaware Secretary of State (the Certificate of Amendment) that increased the number of authorized shares of common stock from 30 million to 150 million. The Certificate of Amendment was effective upon filing.
Item 5.07 Submission of Matters to a Vote of Security Holders
On April 18, 2013, the Company held a special meeting of its stockholders at which its stockholders voted on the Common Stock Increase, previously approved by the Board of Directors of the Company:
|
Votes For |
17,804,615 |
Votes Against |
0 | |
Abstentions |
0 | |
Broker Non-Votes |
- |
Item 8.01 Other Events
On April 18, 2013, at a Special Meeting of Stockholders, the Companys stockholders approved the Common Stock Increase. As a result of the approval of the Common Stock Increase and the filing of the Certificate of Amendment, the authorized common stock of the Company was increased to 150 million. After the Certificate of Amendment was filed, the remaining common stock of approximately 46.58 million shares that were issuable in the Recapitalization were issued. After (i) issuing the remaining 46.58 million shares of common stock in the Recapitalization, and (ii) reserving (A) 1,096,676 shares of common stock for issuance upon exercise of the remaining 1,075 shares of Series C Preferred Stock, (B) 3,532,242 shares of common stock for issuance upon exercise of outstanding options, and (C) 2,596,461 shares of common stock for issuance in respect of authorized but unissued options, the Company has 66,616,679 shares of common stock available for future issuance for other purposes, including financings.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
SALON MEDIA GROUP, INC. |
|||
By: | /s/ D. Alex Fernandez | ||
Name: | D. Alex Fernandez | ||
Title: | Interim Chief Financial Officer |
Dated: April 22, 2013
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