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Sunday, May 18, 2008 7:16:37 PM
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=5291473-1323-5164&type=sect&dcn=0001096906-07-000970
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
ITEM 8.01 OTHER EVENTS
Effective July 1, 2007, the Company's majority shareholder, Seaway Capital, Inc., converted 308,234,884 shares of Company common stock into 21,750 shares of Company Series B preferred stock. Taking this conversion into account, Seaway now beneficially owns 100,000 shares of the Company's Series B preferred stock. A full description of the rights and privileges accorded to the Company's Series B preferred stock is provided in the Company's Form 10KSB for its fiscal year ended December 31, 2006.
After this conversion is effected, the Company will have approximately 186,099,879 shares of common stock outstanding and 100,000 shares of Series B preferred stock.
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.
Dated: July 9, 2007 GS carbon Corporation
By: /s/ Thomas Scozzafava
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Thomas Scozzafava
Chief Executive Officer
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