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Technology Stocks : ACII - AmeriChip International, Inc

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From: boundtb2/7/2008 4:43:46 PM
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Form 8-K for AMERICHIP INTERNATIONAL INC

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7-Feb-2008

Unregistered Sale of Equity Securities, Financial Statements and Exhi

Item 3.02. Unregistered Sale of Equity Securities.
On February 5, 2008 the Board of Directors resolved to issue a total of 115,000 preferred Series A shares to each of Directors, Walther and Rutkowski and 25,000 preferred Series A shares to Director Schwanitz.

These shares are not convertible to common shares and are non-participating.

The shares were issued for compensation for providing personal guarantees on behalf of the Corporation.

Item 9.01. Financial Statements and Exhibits.
Exhibits Description

3.1 Preferred Stock Series A -- Terms
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