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): September 26th, 2017
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Genesys Industries, Inc.
(Exact name of registrant as specified in its charter)
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| Florida | 333-213387 | 30-0852686 |
| (State or Other Jurisdiction | (Commission | (I.R.S. Employer |
| of Incorporation) | File Number) | Identification No.) |
1914 24th Ave E
Palmetto, Florida 34221
Tel:
941.722.3600
(Address and telephone number of
principal executive offices)
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:
| ☐ | 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)) |
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Item 8.01 Other Events
Genesys Industries, Inc. (the “Company”) has established credit facilities with a Commercial Bank as follows: Bank Line of Credit revolving in the amount of $50,000. The company has also established a Corporate Business Credit Card for use in travel related purposes. That Line of Credit is established at $20,000. The company has also established a Bank Term Loan Facility in the approximate amount of $200,000.
The total credit facilities available under all credit arrangements is approximately $270,000.00 At the time of the filing there has been no draw downs and the balance stands at $ 0.00.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: September 26th, 2017 | Genesys Industries, Inc. | |
| By: | /s/ Shefali Vibhakar | |
| Shefali Vibhakar | ||
| Chief FInancial Officer |
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