UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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 11, 2014
THE GRAYSTONE COMPANY, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
000-54254
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27-3051592
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(Commission File No.) | (IRS Employer Identification No.) |
2620 Regatta Drive, Ste 102
Las Vegas, NV 89128
(Address of principal executive offices, including ZIP code)
(888) 552-3750
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
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Item 8.01 Other Events
(1)
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The Company approved the issuance of a Series A Preferred Stock to common shareholders of record as of April 30, 2014. Each shareholder shall receive 1 share of Series A Preferred Stock for every 1,000,000 shares of Common Stock, any fractional share shall be rounded up to the nearest share. The Company is expecting a shift in production and wants to share the benefits of an actual producing mining operation with its shareholders. The expected payment date is May 10, 2014.
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(2)
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The Company’s Board of Directors approved an $8.50 per share cash dividend for each Series A Preferred Share to shareholders of the record as of May 31, 2014.
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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 hereunto duly authorized.
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The Graystone Company, Inc.
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Dated: March 11, 2014
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By:
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/s/ Paul Howarth
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Name: Paul Howarth
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Title: CEO
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