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
September 8, 2005
---------------------------------
Date of Report
(Date of Earliest Event Reported)
Puda Coal, Inc.
------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
Florida 333-85306 65-1129912
--------------- ------------ ------------------
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
426 Kuefu Street, Taiyuan, Shanxi Province
The People's Republic of China
-----------------------------------------------------------------------
(Address of principal executive offices)
011-86-351-2281300
----------------------------------------------------
(Registrant's telephone number, including area code)
--------------------------------------------------------------
(Former name and former address, if changed since last report)
Item 3.01 Material Modification to Rights of Security Holders
Puda Coal Inc. ("Puda Coal") completed a one-for-ten (1-for-10) reverse
stock split of its outstanding common stock on September 8, 2005. In connection
with the reverse stock split, Puda Coal did not issue any fractional shares and
any fractional shares were rounded up to the next higher full share. In
addition, the Board of Directors authorized special treatment to certain
stockholders of Puda Coal in order to preserve round lot holders (i.e., holders
owning at least 100 shares) after the reverse split. Therefore, the stockholders
of Puda holding 1,000 or fewer shares of common stock but at least 100 shares of
common stock received 100 shares of common stock after the reverse stock split,
and persons holding less than 100 shares of common stock were not affected and
continue to hold and own the same number of shares as before the reverse stock
split.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year
Effective August 31, 2005, the stockholders of Puda Coal executed a
written consent signed by the holders of the majority of its issued and
outstanding stock and preferred stock, and the stockholders approved the
one-for-ten reverse stock split, and also approved an amendment to Article III
of its Articles of Incorporation in the State of Florida.
The general effect of such action upon the rights of holders of the common
stock of Puda Coal is that Puda Coal has been authorized to issue a larger
number of additional shares of common stock, $.001 par value, the issuance of
which would dilute the percentage ownership of the then existing stockholders of
Puda Coal.
The new trading symbol of the common stock of Puda Coal on the NASD
Electronic Bulletin Board over-the-counter market (OTC-BB) is PUDC.
Item 9. FINANCIAL STATEMENTS AND EXHIBITS
EXHIBITS:
3.1 Articles of Amendment, to Articles of Incorporation filed in the
State of Florida on September 1, 2005.
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 hereunto duly authorized.
Date: September 20, 2005 Puda Coal, Inc.
By: /s/ Zhao Ming
--------------------------------------
Zhao Ming, Chief Executive Officer
and President