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) April 27, 2011
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R & A PRODUCTIONS, INC. |
(Exact name of registrant as specified in its charter) |
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Nevada |
333-164909 |
26-4574088 |
(State of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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188 E. Bergen Pl., Suite 204, Red Bank, NJ 07701 |
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(Address of principal executive offices, including zip code) |
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(732) 747-1007 |
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(Registrants telephone number, including area code) |
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)) |
FORWARD-LOOKING STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:
This Current Report contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, demand and acceptance of services, changes in governmental policies and regulations, economic conditions, the impact of competition and pricing, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission (the SEC). All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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ITEM 1.01 |
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT |
Asset
Purchase Agreement
On April 20, 2011 (the Asset Purchase Closing Date), R &A
Productions, Inc., a Nevada corporation (the Company), entered into an
Asset Purchase and Redemption Agreement (the Asset Purchase Agreement)
with American CryoStem Corporation, a Nevada corporation (AMCY), American CryoStem
Acquisition Corporation, a Nevada corporation and wholly owned subsidiary of
the Company (the Purchaser) and Hector Medina, the
principal shareholder of the Company (the Principal Shareholder), pursuant to which:
(i) the Purchaser purchased
substantially all of the assets from, and assumed substantially all of the liabilities of, AMCY (the Asset
Purchase) solely in
exchange for the issuance by the Company to AMCY of 21,000,000 shares of its
common stock, par value $0.001 per share (the Common Stock) and (ii) the
Company redeemed 3,170,000 shares of Common Stock held by the Principal
Shareholder immediately prior to the closing of the Asset Purchase Agreement
(the Asset
Purchase Closing) for a redemption price of $355,000.
Upon the Asset Purchase Closing: (i) AMCY became the majority shareholder of the Company, (ii) John Arnone was appointed as the chief executive officer and president of the Company and Anthony Dudzinski was appointed as its chief operating officer, treasurer and secretary, (iii) Messrs. Dudzinski and Arnone were appointed to the Companys board of directors, with Mr. Arnone being appointed as its chairman, and (iv) Mr. Medina resigned as the chief executive officer, president, treasurer, secretary and the sole member of the board of directors and was simultaneously appointed as the Companys Vice President of Film Operations. As a result, the Asset Purchase Closing also resulted in a change in control of the Company.
The 21,000,000 shares of Common Stock issued to AMCY (the Purchase Shares) were issued pursuant to the exemption from registration provided under Regulation D of the Securities Act of 1933, as amended (the Securities Act) and Rule 506 promulgated thereunder.
Private Placement
Contemporaneously with the Asset Purchase Closing, the Company
sold to certain accredited investors (the Subscribers) in a private offering (the
Offering), 1,860,000 shares of Common Stock in the aggregate (the Offered Shares) at
a purchase price of $0.50 per share of Common Stock for aggregate gross proceeds of $930,000 (the Subscription
Closing and with the Asset Purchase Closing, the Closing). The Offered Shares were
issued pursuant to the exemptions from the registration requirements of the Securities Act provided under Regulation D and Rule 506 promulgated thereunder.
Subsequent to the Closing, the number of issued and outstanding shares of Common Stock was 25,705,862, consisting of (i) the 21,000,000 Purchase Shares held by AMCY, constituting approximately 81.7% of the issued and outstanding shares of Common Stock, (ii) 2,845,862 shares of Common Stock held by the shareholders of the Company prior to the Closing, constituting approximately 11.1% of the issued and outstanding shares of Common Stock, and (iii) the 1,860,000 Offered Shares, constituting approximately 7.2% of the issued and outstanding shares of Common Stock.
The Company plans to use the net proceeds from the Offering primarily to continue to develop the business of AMCY and for working capital and general corporate purposes.
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ITEM 2.01 |
COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS |
On April 20, 2011, the Purchaser purchased substantially all of the assets from, and assumed substantially all of the liabilities of, AMCY in the Asset Purchase. Prior to the Asset Purchase, there were no material relationships between AMCY and any of the Company, the Purchaser, the Principal Shareholder or any of their respective affiliates, directors or officers, or any associates of their respective officers or directors.
Description of the Companys Business
The Company currently intends to operate two separate lines of business: (i) its traditional movie production business, and (ii) the stem cell business it acquired in the Asset Purchase Closing.
Stem
Cell Business
The Companys principal line of business will be the business
acquired from AMCY. AMCY has developed and intends, subject to obtaining
adequate financing, to collect, process and store adipose (fat) Derived Adult
Stem Cells (the Stem Cells), permitting individuals to preserve their Stem
Cells for potential future use in cell therapy. Management currently believes
that the Company will be able to store Stem Cells for adults at a list price of
$1,995, which includes the first year of storage fees. Thereafter, it is
intended that clients will be responsible for the payment of an annual storage
fee of $199. Management believes that Stem Cells are currently being used in
the emerging field of regenerative medicine globally and have the potential to
become a multibillion dollar industry in the future. Management further believes
that Stem Cells have the potential to heal a substantial number of diseases and
chronic conditions and that the Company will be able to provide a streamlined
and affordable method to process and cryopreserve Stem Cells for autologous
(self) use in humans for the emerging regenerative medicine market.
Current published medical research shows that applications for Stem Cells can be used to support tissue repair and cell therapies to expedite healing of wounds, physical trauma and burns in joints, bone, muscle, tendons and ligaments. Effects of diseases that management believes can be alleviated through the use of Stem Cells include cardiovascular disease, cancer, stroke, central nervous disorders and diabetes. Management also believes that the near-term applications include the use of processed Stem Cells as biocompatible fillers in cosmetic and reconstructive surgery. Although the Companys Stem Cell business is in its development stage and to date has generated no revenues, subject to, among other factors, obtaining the requisite financing, management anticipates that the Company will be able to provide the following services:
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Collecting an individuals adipose tissue through a participating doctor who will forward the tissue to the laboratory used by the Company; |
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Processing (or have processed by a third party) the tissue in a laboratory to separate the component parts of an individuals adipose tissue, which includes the Stem Cells; and |
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Cryopreserving adipose tissue and Stem Cells for immediate use or long-term storage. |
The Stem Cells will be prepared and cryopreserved in their raw form without manipulation, bio-generation or the addition of biomarkers or other materials, which management believes may make such Stem Cells suitable for use in cellular treatments (i.e., the biomedical use of Stem Cells to treat patients) currently offered by existing and planned treatment centers worldwide. Management believes that affordably preserving cells derived from adipose tissue can provide a user with the opportunity to take advantage of the emerging field of regenerative medicine, i.e., healing the body using ones own stem cells.
Movie Production Business
The Company believes that it will be able to compete in
todays entertainment industry marketplace by controlling production costs and
by limiting its distribution expenses through reliance on online marketing
tools to promote its products and to develop its digital strategies.
The Company is currently producing two films. The Company currently plans, subject to obtaining the requisite financing, to distribute its own films as well as films of others. To date the Company has presold one of its films and is in the process of completing the production of this film. The Company sent a production team to El Salvador twice during 2010 for filming. The Company had hoped to complete all filming during those sessions. However, the Company must return for at least one more session to complete the project. The Company had anticipated completing all filming by the first quarter of 2011. However, that date has been pushed back and it is uncertain as to when the Company will complete the film.
The Company anticipated raising additional capital for the completion of production and marketing of its films. However, due to the nature of the economy for the past few years, it has instead chosen to concentrate on commercial film endeavors and has contracted with Direct Media Enterprises to film advertising spots for its proprietary kiosks. The Companys business relationship with Direct Media Enterprises has been the primary source of the Companys revenue for its fiscal year 2010 and for the quarter ended March 31, 2011.
The Companys fiscal year ends September 30 of each calendar year.
Certain Risk Factors
For purposes of the risk factors below, historical statements apply to AMCY. Present as well as forward-looking statements shall be deemed to apply to the Company (which includes the business of AMCY) subsequent to the Closing.
The Company is a development stage
company; it has a history of losses; there are doubts about the Companys
ability to continue as a going concern.
The Company has not achieved its planned principal operations
and is in the development stage of operations. The Company has incurred
negative cash flows since inception from its developmental activities, and at
this time as well as for the foreseeable future will finance (until it can
generate sufficient revenues, if ever, to cover expenses) its activities and
overhead expenses through the issue and sale of its debt or additional equity
securities. The recoverability of the costs incurred by the Company to date is
highly uncertain and is dependent upon achieving commercial production and
sales of its services, of which no assurances can be given. The Companys
prospects must be considered in light of the risks, expenses and difficulties
which are frequently encountered by companies in the development stage in the
emerging industry that the Company hopes to commence operations in.
The Company expects to incur increased operating expenses during the remainder of its fiscal year 2011 and for the foreseeable future. The amount of net losses and the time required for the Company to reach and sustain profitability are uncertain. The likelihood of the Companys success must be considered in light of the problems, expenses, difficulties, and delays frequently encountered in connection with a development stage business, including, but not limited to, uncertainty as to development and the time required for the Companys planned services to become available in the marketplace. There can be no assurance that the Company will ever generate revenues or achieve profitability at all or on any substantial basis. These matters raise substantial doubt about the Companys ability to continue as a going concern. If the Company ceases or curtails its development activities, it is highly likely that you would lose your entire investment.
The
Company will require substantial additional capital to pursue its business
plan.
The Company has limited
revenues and no income. The Company has financed its development activities since
inception through the sale of its securities. The Companys capital requirements
will depend on many factors, including, among other things, the cost of
developing its business and marketing activities, the efficacy and
effectiveness of its proposed services, costs (whether or not foreseen), the
length of time required to collect accounts receivable it may in the future
generate, competing technological and market developments and acceptance.
Changes in the Companys proposed business or business plan could materially
increase the Companys capital requirements. The Company cannot assure you
that its proposed plans will not change or that changed circumstances will not
result in the depletion of its capital resources more rapidly than currently
anticipated.
The Company will need to obtain substantial additional financing to, among other things, fund the future development of any services it attempts to undertake and for general working capital purposes. Any additional equity financing, if available, may be dilutive to stockholders and any such additional equity securities may have rights, preferences or privileges that are senior to those of the holders of its shares of Common Stock. Debt financing, if available, will require payment of interest and may involve security interests on the Companys assets and restrictive covenants that could impose limitations on the Companys operating flexibility.
The Companys ability to obtain needed financing may be impaired by such factors as the capital markets, the capital structure of the Company, the development stage of the Company, the lack of an active market for the shares of Common Stock, and the Companys lack of profitability, all of which would impact the availability or cost of future financings. The Company cannot assure prospective investors that it will be able to obtain requisite financing in a timely fashion or at all and, if obtained, on acceptable terms. The Companys inability to obtain needed financing on acceptable terms would have a material adverse effect on the implementation of its proposed business plan.
The Company is wholly dependent on Messrs. Arnone and Dudzinski.
The Company is wholly dependent on Messrs. Arnone and
Dudzinski, its only two (2) executive officers and directors. The future
performance of the Company will depend on the continued services of such persons
and the Companys ability to retain such persons and/or hire additional
qualified persons. The loss of Messrs. Arnone and/or Dudzinski would materially
and adversely affect the Companys proposed business. The Company has not yet
entered into employment agreements with Messrs. Arnone and Dudzinski, but
intends to do so in the near future. It is expected that such employment
agreements will, among other terms, permit each of Messrs. Arnone and Dudzinski
to conduct other business activities outside of their employment with the
Company.
Mr. Arnone is presently involved with another entity that operates in an industry similar to that of the Company but that management does not believe to be in competition with the Company. The Company may in the future seek to initiate a business relationship with, and/or acquisition of, this other entity. Management cannot assure you that any such business relationship or acquisition, if consummated, would be on terms favorable to the Company.
The Company has not obtained any key-man life insurance policies nor does it presently plan to obtain or maintain any such policies on Messrs. Arnone, Dudzinski or any other of its employees.
The Company may be unable to protect
its intellectual property from infringement by third parties, and third parties
may claim that the Company infringes on their intellectual property, either of
which could materially and adversely affect the Company.
The Company intends to rely on patent protection, trade
secrets, technical know-how and continuing technological innovation to protect
its intellectual property, and it expects to require any employees, consultants
and advisors that it may hire or engage in the future to execute
confidentiality and assignment of inventions agreements in connection with
their employment, consulting or advisory relationships. There can be no
assurance, however, that these agreements will not be breached or that the
Company will have adequate remedies for any such breach.
Despite the Companys efforts to protect its intellectual property, third parties may infringe or misappropriate the Companys intellectual property or may develop intellectual property competitive with that of the Company. The Companys competitors may independently develop similar technology or otherwise duplicate the Companys proposed processes or services. As a result, the Company may have to litigate to enforce and protect its intellectual property rights to determine their scope, validity or enforceability. Intellectual property litigation is particularly
expensive, time-consuming, diverts the attention of management and technical personnel and could result in substantial cost and uncertainty regarding the Companys future viability. The loss of intellectual property protection or the inability to secure or enforce intellectual property protection would limit the Companys ability to produce and/or market its services in the future and would likely have an adverse affect on any revenues the Company may in the future be able to generate by the sale or license of such intellectual property.
The Company may be subject to costly litigation in the event its future services or technology infringe upon another partys proprietary rights. Third parties may have, or may eventually be issued, patents that would be infringed by the Companys technology. Any of these third parties could make a claim of infringement against the Company with respect to its technology. The Company may also be subject to claims by third parties for breach of copyright, trademark or license usage rights. Any such claims and any resulting litigation could subject the Company to significant liability for damages. An adverse determination in any litigation of this type could require the Company to design around a third partys patent, license alternative technology from another party or otherwise result in limitations in the Companys ability to use the intellectual property subject to such claims.
Cell therapy is a developing field
and a significant market for the Companys services has yet to emerge.
Cell therapy and regenerative medicine is a developing field, with few cell
therapy products or services approved for clinical and/or commercial use. The
Company is wholly dependent on the acceptance of cell therapy (and specifically
Stem Cells) to develop into a large and profitable industry. The Company hopes
to develop services related to the collection, processing and storage of Stem
Cells. The Company believes the market for cell and tissue-based therapies is in
its infancy, substantially research oriented and financially speculative and
has yet to achieve substantial commercial success. Stem Cell products and
services may in general be susceptible to various risks, including undesirable
and unintended side effects, unintended immune system responses, inadequate
therapeutic efficacy, lack of acceptance by physicians, hospital and consumers,
or other characteristics that may prevent or limit their approval or commercial
use. Management believes that the demand for Stem Cell processing and the
number of people who may use cell or tissue-based therapies is difficult, if
not impossible, to forecast. The success of the Company is dependent on the
establishment of a market for its proposed services and its ability to capture
a share of this market.
The Companys proposed services may
not attain commercial acceptance absent endorsement by physicians.
The Companys proposed services will compete against
individual cellular samples derived from alternate sources, such as bone
marrow, umbilical cord blood and perhaps embryos. The Company believes that
physicians and hospitals are historically slow to adopt new technologies like
the Companys, whatever the merits, when older technologies continue to be
supported by established providers. Overcoming such inertia often requires very
significant marketing expenditures or definitive product performance and/or
pricing superiority. Management currently believes physicians and hospitals
inertia and skepticism to be a significant barrier as the Company attempts to
gain market penetration with its proposed services. Failure to achieve market
acceptance of the Companys proposed services could have a material adverse
effect on the Companys future prospects.
If the Company should in the future
become required to obtain regulatory approval to market and sell its proposed
services it will not be able to generate any revenues until such approval is
received.
The medical industry is subject to stringent regulation by a
wide range of authorities. While the Company believes that, given its proposed
business, it is not presently required to obtain regulatory approval to market
its services because the Company does not (i) produce or market any clinical
devices or other products, (ii) own a laboratory or (iii) sell any products or
services to the customer, the Company cannot predict whether regulatory
clearance will be required in the future and, if so, whether such clearance
will at such time be obtained, whether for the Stem Cells and/or any other
services that the Company is developing or may attempt to develop. Should such
regulatory
approval in the future be required, the Companys services may be suspended or may not be able to be marketed and sold in the United States until the Company has completed the regulatory clearance process as and if implemented by the FDA. Satisfaction of regulatory requirements typically takes many years, is dependent upon the type, complexity and novelty of the product or service and would require the expenditure of substantial resources.
If regulatory clearance of a service proposed to be provided by the Company is granted, this clearance may be limited to those particular states and conditions for which the service is demonstrated to be safe and effective, which would limit the Companys ability to generate revenue. The Company cannot ensure that any service developed by it will meet all of the applicable regulatory requirements needed to receive marketing clearance. Failure to obtain regulatory approval will prevent commercialization of the Companys services where such clearance is necessary. There can be no assurance the Company will obtain regulatory approval of its proposed services that may require it.
The Company is authorized to issue
75,000,000 shares of Common Stock and 10,000,000 shares of blank check
preferred stock, the issuance of which could, among other things, reduce the
proportionate ownership interests of current shareholders.
The Company is authorized to issue 75,000,000 shares of
Common Stock and 10,000,000 shares of blank check preferred stock. There are
25,705,862 shares of Common Stock and no shares of preferred stock issued and
outstanding as of the date of this Current Report on Form 8-K. The board of
directors of the Company (the Board) has the ability, without seeking
shareholder approval, to issue additional shares of Common Stock and/or to
designate, establish the terms and conditions of, and issue shares of preferred
stock for such consideration, if any, as the Board may determine. Any such
shares of preferred stock could have dividend, liquidation, conversion, voting
or other rights, which could adversely affect the voting power or other rights
of the holders of shares of Common Stock. In the event of such issuance, the
preferred stock could, among other items, be used as a method of discouraging,
delaying or preventing a change in control of the Company, which could have the
effect of discouraging bids for the Company and thereby prevent
security-holders from receiving the maximum value for their shares of Common
Stock.
Lack of liquidity.
The shares of Common Stock trade sporadically, if at all, on the Over-the-Counter Bulletin Board under the symbol RAPP. No trading market exists for any of the Companys other securities and there can be no assurance that a trading market will ever develop. Consequently, holders of the Common Stock may not be able to liquidate their investment in the Company in the event of an emergency or at any time. There can be no assurance that a robust market will ever develop for the Common Stock or, if developed, will continue or be sufficiently liquid to enable the shareholders to liquidate their investment in the Company.
For other risk factors related to the Company and its film business, see the Company’s Form 10-K filed December 13, 2010.
Directors and Executive Officers, Promoters and Control Persons
Upon the Closing, Mr. Medina resigned from all his positions with the Company and the Company appointed Messrs. Arnone, Dudzinski and Medina to the positions set forth below. The names of the Companys current officers and directors, as well as certain information about them, are set forth below:
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Position(s) |
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John Arnone |
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President, CEO and Chairman of the Board |
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Anthony Dudzinski |
48 |
COO, Treasurer, Secretary and Director |
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Hector Medina |
36 |
Vice President of Film Operations |
John S. Arnone
Mr. Arnone has spent the last 25 years in the investment
banking/financial consulting industry as an investment banker, management
consultant and a hands-on investor specializing in strategic planning,
corporate structure, administration and new business development. Over a period
of 20 years, Mr. Arnone founded and managed two general securities
broker-dealers based in New York. Mr. Arnone also co-founded and operated a
global entertainment distribution corporation with 120 employees that under Mr.
Arnones guidance was voted medium wholesaler of the year in the music industry
(1997, 1998 and 2000) by the National Association of Recording Merchants. Mr.
Arnone has provided advisory and business management services as a founder,
officer, director and/or shareholder to both mid-level and development stage
private and public companies. Mr. Arnone holds a degree in Business
Administration and a BA in Economics from Kean University in New Jersey. Mr. Arnone continues to be an executive officer of AMCY.
Anthony F.
Dudzinski
Mr. Dudzinski has more than 25 years of experience in a
variety of areas of senior management with a variety of both public and private
companies. Mr. Dudzinskis past positions include chief executive officer,
president, chief operating officer and director of small and medium-size
organizations including a publicly traded company with approximately 300
employees and president and chief operating officer of a privately operated
broker-dealer with more than 175 sales associates. In addition to this
experience Mr. Dudzinski was a founder and chief executive officer of a number
of publicly available exchange traded funds, and the founder, chairman and
chief operating officer of a target date fund complex and a Registered
Investment Company. Mr. Dudzinski continues to be an executive officer of AMCY.
Hector Medina
Mr. Medina was the founder of the Company. Mr. Medina was the
Companys president and chief executive from its inception to the Closing.
Hector Medina also currently serves as the CEO for Medina Financial Services,
Inc. He has a degree in Bachelor of Business Administration with a minor in
Finance from the National University.
Stock Option Plan
The Company currently intends to implement a stock option
plan for its executives and others in the next twelve months.
of the national securities exchanges. For purposes hereof, an independent director, shall have the meaning described in the NYSE-AMEX rules and regulations.
Security Ownership of Certain Beneficial Owners and Management
The following table sets forth, as of the date of this Current Report on Form 8-K, certain information regarding the beneficial ownership of the shares of Common Stock by: (i) each person who, to the Companys knowledge, beneficially owns 5% or more of the shares of Common Stock and (ii) each of the Companys directors and officers. As of the date hereof, there were 25,705,862 shares of Common Stock issued and outstanding.
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Name |
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Directors and Officers (2) |
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John Arnone (3) |
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21,000,000 |
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81.7 |
% |
Anthony Dudzinski (4) |
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21,000,000 |
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81.7 |
% |
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5% or Greater Beneficial Owners |
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AMCY |
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21,000,000 |
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81.7 |
% |
(1) Beneficial ownership is calculated based on the number of shares of Common Stock outstanding as of the date hereof, together with securities exercisable or convertible into shares of Common Stock within sixty (60) days of the date hereof for each stockholder. Beneficial ownership is determined in accordance with Rule 13d-3 of the Commission. The number of shares of Common Stock beneficially owned by a person includes shares of Common Stock issuable upon conversion of securities and subject to options or warrants held by that person that are currently convertible or exercisable or convertible or exercisable within sixty (60) days of the date hereof. The shares of Common Stock issuable pursuant to those convertible securities, options or warrants are deemed outstanding for computing the percentage ownership of the person holding such convertible securities, options or warrants but are not deemed outstanding for the purposes of computing the percentage ownership of any other person.
(2) Unless otherwise specified, the address for the directors and officers is c/o AMCY at 188 Bergen Place, Suite 204, Red Bank, NJ, 07701.
(3) Mr. Arnone presently owns 12,250,000 shares of AMCY common stock and has the right to receive an additional 12,000,000 such shares upon the conversion of Series C Preferred Stock of AMCY owned by him. As a result, he beneficially owns 46.6% percent of the AMCY common stock. Mr. Arnone is also an officer and a director of AMCY. Consequently, Mr. Arnone is a control person of AMCY and may as such be deemed to beneficially own the 21,000,000 shares of Common Stock owned by AMCY. Mr. Arnone, however, disclaims beneficial ownership of all such shares.
(4) Mr. Dudzinski presently owns 20,000 shares of AMCY common stock and has the right to receive an additional 12,000,000 such shares upon the conversion of AMCY preferred stock owned by him. As a result, he beneficially owns 23.1% percent of the AMCY common stock. Mr. Dudzinski is also an officer and a director of AMCY. Consequently, Mr. Dudzinski is a control person of AMCY and may as such be deemed to beneficially own the 21,000,000 shares of Common Stock owned by AMCY. Mr. Dudzinski, however, disclaims beneficial ownership of all such shares.
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ITEM 3.02 |
UNREGISTERED SALES OF EQUITY SECURITIES |
The information included under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
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ITEM 5.01 |
CHANGE IN CONTROL OF REGISTRANT |
The information included under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
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ITEM 5.02 |
DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS. |
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The information included under Item 1.01 above is incorporated herein by reference. For certain biographical and other information regarding the newly appointed officers and directors, see the disclosure under the heading Directors and Executive Officers, Promoters and Control Persons under Item 2.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference. |
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ITEM 5.03 |
AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR. |
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On April 11, 2011, the holder of a majority of the shares of Common Stock approved an amendment to the Companys articles of incorporation authorizing 10,000,0000 shares of blank check preferred stock. On April 19, 2011, the Board adopted the Companys amended and restated bylaws. |
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ITEM 9.01 |
FINANCIAL STATEMENTS AND EXHIBITS |
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(c) |
Exhibits. |
The exhibits listed in the following Exhibit Index are filed as part of this Current Report on Form 8-K.
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Exhibit No. |
Description |
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3.1 |
Certificate of Amendment |
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3.2 |
Amended and Restated Bylaws |
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.
Dated: April 27, 2011
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R & A PRODUCTIONS, INC. |
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By: |
/s/ Anthony Dudzinski |
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Name: |
Anthony Dudzinski |
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Title: |
Chief Operating Officer |