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): December 16, 2015
PREMIER HOLDING CORP.
(Name of small business issuer specified in
its charter)
Nevada |
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000-53824 |
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88-0344135 |
(State or other jurisdiction |
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(Commission File No.) |
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(I.R.S. Employer |
of incorporation) |
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Identification No.) |
1382
Valencia Avenue, Unit F Tustin, CA 92780
(Address of principal executive offices)
(former name or former address, if changed since
last report)
(949)
260-8070
(Registrant’s telephone number)
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
Item
3.02, Unregistered Sales of Equity Securities
On December 19, 2015, the Board of Directors
of PREMIER HOLDING CORPORATION, a Nevada Corporation (the “Corporation”), approved the sale of 250,000 shares of Corporate
Series B Voting Convertible Preferred Stock to Randall Letcavage for the sum of $70,000 USD or $.28 per share. This amount is to
be deemed paid by a set-off and debit by the Corporation of the amount it owes to Randall Letcavage, Chief Executive Office and
President, and Chairman of the Board of Directors of the Corporation. Mr. Letcavage abstained from the Board decision to accept
his offer.
The Board of Directors of the Corporation
has been authorized, empowered and directed to issue a certificate representing shares of Series B Voting Convertible Preferred
Stock and evidencing the issuance and sale of 250,000 shares of Series B Voting Convertible Preferred Stock to Randall Letcavage,
such shares to be fully paid and non-assessable, and the appropriate officers of the Corporation shall set-off and debit the financial
records of the Corporation to reflect a reduction in the amount of Letcavage’s loan to the Corporation in exchange and as
payment for the issuance of 250,000 shares of Series B Voting Convertible Preferred Stock.
The total consideration of $70,000 is deemed
received by the Corporation for the 250,000 shares of Series B Voting Convertible Preferred Stock so issued to Randall Letcavage,
which shall be credited $25 to the preferred stock account and $69,975 to the paid-in-capital in excess of par account of the Corporation.
After shares of Series B Voting Convertible
Preferred Stock have been issued, the Treasurer of the Corporation shall cause 1,000,000 shares of common stock of the Corporation
to be reserved for issuance to the holder of the Series B Voting Convertible Preferred Stock when such shares are converted into
shares of common stock automatically three years after the date of issuance.
Investors are encouraged to read and understand the Company's filings
with the Securities and Exchange Commission.
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 hereunto duly authorized.
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PREMIER
HOLDING CORPORATION |
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By: |
/s/ Randall Letcavage |
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Randall Letcavage, |
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Chief Executive Officer |
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Date: December 23, 2015 |
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List of Exhibits
99.1 |
Certificate of Designation for the Series B Voting Convertible Preferred Stock |
Exhibit 99.1
BARBARA K. CEGAVSKE
Secretary of State
202 North Carson Street
Carson City, Nevada 89701-4201
(775) 684-5708
Website: www.nvsos.gov
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Filed in the office of |
Document Number
20150547545-98 |
Certificate of Designation |
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/s/ Barbara K. Cegavske |
Filing Date and Time |
(PURSUANT TO NRS 78.1955) |
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Barbara K. Cegavske |
12/16/2015 8:00 AM |
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Secretary of State |
Entity Number |
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State of Nevada |
C2818-1971 |
Certificate of Designation For
Nevada Profit Corporations
(Pursuant to NRS 78.1955)
Premier Holding Corporation
2. |
The articles have been amended as follows: |
By resolution of the board of directors pursuant to a provision
in the articles of incorporation this certificate establishes the following regarding the voting powers, designations, preferences,
limitations, restrictions and relative rights of the following class or series of stock.
The following is a description of the Series B Voting Convertible
Preferred Stock (“Series B Preferred Stock”) of Premier Holding Corporation, a Nevada corporation (the "Corporation"),
having such voting powers, designations, preferences and relative rights, qualifications, limitations or restrictions, including,
without limitation, rights of conversion, and the number of shares constituting the class of Series B Preferred Stock as the Board
of Directors shall approve by written consent.
(Continued on following page; Exhibit “A”).
3. |
Effective date of filing: (optional) |
12/11/15 |
4. |
Signature: (required) |
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/s/ Randy Letcavage |
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Filing Fee: $175.00 |
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IMPORTANT: Failure to include any of the above information and submit with the proper fees may cause this filing to be rejected. |
EXHIBIT “A”
TERMS OF SERIES B VOTING CONVERTIBLE PREFERRED
STOCK
The following is a description
of the Series B Voting Convertible Preferred Stock (“Series B Preferred Stock”) of Premier Holding Corporation, a Nevada
corporation (the “Corporation”), having such voting powers, designations, preferences and relative rights, qualifications,
limitations or restrictions, including, without limitation, rights of conversion, and the number of shares constituting the class
of Series B Preferred Stock as the Board of Directors shall approve by written consent.
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1. |
The Corporation is authorized to issue 250,000 shares of Series B Preferred Stock. |
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2. |
The par value of the Series B Preferred Stock is $0.0001 per share. |
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3. |
Holders of Series B Preferred Stock shall be entitled to 1,000 votes for each share of Series B Preferred Stock. |
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4. |
Votes of shares of Series B Preferred Stock shall be added to votes of shares of common stock of the Corporation (“Common Stock”) at any meeting of stockholders of the Corporation at which stockholders have the right to vote. |
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5. |
Series B Preferred Stock shall have voting rights for a period of three years from the date of issuance. On the third anniversary of the issuance of shares of Series B Preferred Stock, each share of Series B Preferred Stock shall be converted into four shares of Common Stock without further action of the Board of Directors. At that time, the holder of shares of Series B Preferred Stock shall return the share certificate evidenci ng the Series B Preferred Stock to the Corporation in exchange for a share certificate evidencing the shares of Common Stock into which the shares of Series B Preferred Stock have been converted. |
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6. |
Series B Preferred Stock shall have the same dividends per share and, except as provided above, the same powers, designations, preferences and relative rights, qualifications, limitations or restrictions as those of shares of Series A Non-Voting Convertible Preferred Stock of the Corporation. |
The undersigned being the
President of the Corporation hereby declares under penalty of perjury that the foregoing is a true and correct copy of the Certificate
of Designation of the Rights and Preferences of the Series B Voting Convertible Preferred Stock of Premier Holding Corporation
duly adopted by the Board of Directors of the Corporation on December 11, 2015.
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By: /s/ Randy Letcavage |
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Name: Randy Letcavage |
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Title: President |
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