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SCHEDULE 14C INFORMATION
INFORMATION STATEMENT PURSUANT TO SECTION 14(C) OF THE
SECURITIES EXCHANGE ACT OF 1934
Check the appropriate box:
[X] Preliminary Information Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14c-5(d)(2))
[ ] Definitive Information Statement
HEROES, INC.
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing proxy Statement, if other than the Registrant)
Payment of Filing Fee (check the appropriate box):
[X] No fee required
[ ] Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
(1) Title of each class of securities to which transaction
applies:
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(2) Aggregate number of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11 (set forth the
amount on which the filing fee is calculated and state how it
was determined):
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(4) Proposed maximum aggregate value of transaction:
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(5) Total fee paid:
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[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
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(2) Form, Schedule or Registration Statement No.:
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(3) Filing Party:
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(4) Date Filed:
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INFORMATION STATEMENT
WE ARE NOT ASKING YOU FOR A PROXY, AND YOU ARE REQUESTED NOT TO
SEND US A PROXY
NOTICE OF SHAREHOLDER CONSENT TO INCREASE THE NUMBER OF
AUTHORIZED SHARES OF HEROES, INC.
This information statement ("Information Statement") is furnished to
holders of record of the common stock of Heroes, Inc., a Nevada corporation (the
"Company"), in order to comply with the requirements of Section 14(c) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Regulation
14C under the Exchange Act. The purpose of this Information Statement is to
inform all stockholders of the approval of the amendment of the Company's
Articles of Incorporation providing for an increase in the number of authorized
shares of Heroes, Inc. This Information Statement is being mailed or delivered
to the stockholders of the Company on or about September 4, 2001.
We are not seeking consent, authorization or proxies from you since the
Company has obtained the written consent of the holders of a majority of the
outstanding shares of common stock of the Company pursuant to Section 78.320 of
the General Corporation Law of the State of Nevada. The record date for
determining stockholders entitled to receive this Information Statement has been
established as August 13, 2001 (the "Record Date"). On the Record Date, the
number of shares of the Company's common stock outstanding was 60,285,760
shares; the number of shares that voted to approve the aforementioned actions
was 30,203,166 representing 50.1% of the outstanding shares of the Company. The
Company proposes to file the amendment to the Company's Articles of
Incorporation (the "Amended Articles") with the Nevada Secretary of State twenty
(20) days after the mailing date of this Information Statement, which the
Company anticipates will be on or about September 24, 2001.
CAPITALIZATION
The Company's Board of Directors (the "Board") has approved a proposal
to amend the Company's Articles of Incorporation such that the authorized
capital of the corporation shall consist of Five hundred million (500,000,000)
common shares, par value $0.001 per share. Each common share shall have equal
rights as to voting and in the event of dissolution and liquidation. There shall
be no cumulative voting by shareholders. The increase in the number of
authorized shares will become effective upon the filing of the Amended Articles
with the Nevada Secretary of State.
The Board believes that the additional shares of common stock resulting
from the increase in authorized capital should be available for issuance from
time to time as may be required for various purposes, including the issuance of
common stock in connection with financing or acquisition transactions and the
issuance or reservation of common stock for employee stock options. We
anticipate that in the future we will consider a number of possible financing
and acquisition transactions that may involve the issuance of additional equity,
debt or convertible securities. The proposed increase in authorized capital will
permit the Board to authorize the issuance of shares for these purposes without
the necessity, and related costs and
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delays, of calling a special stockholders' meeting or of waiting for the
regularly scheduled annual meeting of stockholders to increase the authorized
capital. If in a particular instance stockholder approval were required by law
or otherwise deemed advisable by the Board, then the matter would be referred to
the stockholders for their approval regardless of whether a sufficient number of
shares previously had been authorized.
The stockholders are not entitled to preemptive rights with respect to
the issuance of any authorized but unissued shares. The proposed change in
capital is not intended to have any anti-takeover effect and is not part of any
series of anti-takeover measures in effect on the date of this proxy statement.
Although the Board currently has no intention of doing so, shares of common
stock could be issued by the Board to dilute the percentage of common stock
owned by a significant stockholder and increase the cost of, or the number of,
voting shares necessary to acquire control of the Board or to meet the voting
requirements imposed by Nevada law with respect to a merger or other business
combination involving the Company. We are not aware of any proposed attempt to
take over the Company or of any attempt to acquire a large block of common
stock. We have no present intention to use the increased authorized common stock
for anti-takeover purposes.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth certain information as to those persons
or groups believed by management to be beneficial owners of more than 5% of the
Company's outstanding shares of Common Stock as of August 13, 2001 based upon
certain reports regarding such ownership filed with the Company and with the
Securities and Exchange Commission (the "SEC"), in accordance with Sections
13(d) or 13(g) of the Exchange Act by such persons or groups. Other than those
listed below, the Company is not aware of any person or group that owns more
than 5% of the Company Common Stock.
Amount and Nature of Percent of
Title of Class Name of Beneficial Owner Beneficial Ownership Class (1)
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Common Stock Vicki Cook 9,256,693 15.35%
Common Stock John Julian 3,451,446 5.7%
Common Stock Tammy Lambert 5,211,345 8.6%
Common Stock Amer Mardam-Bey 5,342,683 8.9%
(1) Based on 60,285,760 shares of Common Stock outstanding on the Record
Date.
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The following table sets forth the security ownership of all Directors
and Executive Officers of the Company as of the date of this Information
Statement.
Amount and Nature of Percent of
Title of Class Name of Officer or Director Beneficial Ownership Class (1)
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Common Stock Amer Mardam-Bey 5,342,683 8.9%
Common Stock Tammy Lambert 5,211,345 8.6%
Common Stock Chris Smith 962,196 1.60%
Common Stock Carl Smith 0 0%
(1) Based on 60,285,760 shares of Common Stock outstanding on the Record
Date.
ADDITIONAL INFORMATION
This Information Statement is provided for information purposes only.
We are not soliciting proxies in connection with the items described herein. You
are not required to respond to this Information Statement. Please read the
Information Statement carefully.
We file annual, quarterly and current reports, proxy statements and
other information with the SEC. You may read and copy any reports, statements or
other information that we file at the SEC's public reference rooms in
Washington, D.C., New York, New York and Chicago, Illinois. Please call the SEC
at 1-800-SEC-0330 for further information regarding the public reference rooms.
Our public filings are also available to the public from commercial document
retrieval services and at the Internet World Wide Web site maintained by the SEC
at HTTP://WWW.SEC.GOV. You may also obtain copies of the filings the Company has
made with the SEC directly from the Company by requesting them in writing or by
telephone at the following:
Heroes, Inc.
1915 B Chain Bridge Road
Suite 506
McLean, VA 22102
703-761-1900
Attention: Tammy L. Lambert, Corporate Secretary
By Order of the Board of Directors,
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Tammy L. Lambert
Corporate Secretary