From Free Edgar...
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change of Fiscal
Year.
QuikByte has amended its Articles of Incorporation to reduce its
authorized capital stock. The amendment reduced the authorized common stock from
500,000,000 shares, with a par value of $0.0001 per share, to 250,000,000
shares, with a par value of $0.0001 per share. The amendment also reduced the
authorized preferred stock from 100,000,000 shares, with a par value of $0.0001
per share, to 10,000,000 shares, with a par value of $0.0001 per share. These
amendments became effective upon the filing of the Articles of Amendment to the
Articles of Incorporation (the "Amendment") with the Colorado Secretary of State
on March 2, 2007. A copy of the Amendment is included as Exhibit 3.3 to this
Current Report and is hereby incorporated by this reference.
The Amendment also provided for a 1-for-20 reverse stock split
("Reverse Split") of QuikByte's common stock outstanding on March 7, 2007.
Subject to compliance with Rule 10b-17 promulgated under the Securities Exchange
Act of 1934, as amendment, every 20 shares of QuikByte's common stock shall
automatically, without any action on the part of the holder thereof or QuikByte,
be combined into and shall become one (1) fully paid and non-assessable share of
QuikByte's common stock. No fractional shares of common stock or scrip
certificate therefor will be issued to the holders of the shares of common stock
by reason of the foregoing Reverse Split. Any fractions resulting from the
Reverse Split computation will be rounded up to the next whole share. The total
number of shares of common stock that QuikByte shall have the authority to issue
shall remain 250,000,000 shares after the Reverse Split.
AI
