CENTENNIAL BANC SHARE CORP.
6795 E. Tennessee Ave., 5th Floor
Denver, Colorado 80224
---------------------
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON JUNE 20, 2000
----------------------
TO OUR SHAREHOLDERS:
Notice is hereby given that the Annual Meeting of Shareholders (the
"Meeting") of CENTENNIAL BANC SHARE CORP., will be held at our offices, 6795 E.
Tennessee Ave., 5th Floor, Denver, Colorado 80224, on June 20, 2000, at 10:00
a.m., local time. A Proxy Card and a Proxy Statement for the Meeting are
enclosed.
The Meeting is for the purpose of considering and acting upon:
1. The reelection of four (4) directors to the Board of Directors, to serve
until their resignation or removal from office, or until their respective
successors are elected and qualified;
2. Approval of the change of our name to easyQual.com, Inc., or such
derivation thereof as may be approved by the Colorado Secretary of State;
3. The ratification of Michael Johnson & Company, LLC., CPA's as our
auditors for the fiscal year ended December 31, 2000; and
4. Consideration of any matters which may properly come before the Meeting,
or any adjournment thereof. At this time, the Board of Directors is not aware of
any other business to come before the Meeting.
Any action may be taken on any one of the foregoing proposals at the
Meeting on the date specified above or on any date or dates to which the Meeting
may be adjourned. Only shareholders of record as of the close of business on May
22, 2000 are entitled to notice of and to vote at the Meeting. Our stock
transfer books will remain open. There is printed on the following pages a Proxy
Statement to which your attention is invited. Please read it carefully.
You are requested to fill in and sign the enclosed form of Proxy which is
solicited by the Board of Directors and to mail it promptly in the enclosed
envelope. The Proxy will not be used if you attend and vote at the Meeting in
person.
By Order of the Board of Directors
/s/ Scott J. Sax
----------------
Scott J. Sax, President
Denver, Colorado
June 8, 2000
YOU ARE CORDIALLY INVITED TO ATTEND THE SPECIAL MEETING. IT IS IMPORTANT
THAT YOUR SHARES BE REPRESENTED REGARDLESS OF THE NUMBER YOU OWN. EVEN IF YOU
PLAN TO BE PRESENT, YOU ARE URGED TO COMPLETE, SIGN, DATE AND RETURN THE
ENCLOSED PROXY PROMPTLY IN THE ENCLOSED POSTAGE PREPAID, ADDRESSED ENVELOPE. IF
YOU ATTEND THIS MEETING, YOU MAY VOTE EITHER IN PERSON OR BY YOUR PROXY. ANY
PROXY GIVEN MAY BE REVOKED BY YOU IN WRITING OR IN PERSON AT ANY TIME PRIOR TO
THE EXERCISE THEREOF.
<PAGE>
CENTENNIAL BANC SHARE CORP.
6795 E. Tennessee Ave., 5th Floor
Denver, Colorado 80224
PROXY STATEMENT
---------------
ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON JUNE 20, 2000
INTRODUCTORY STATEMENT
----------------------
This Proxy Statement and accompanying Proxy are furnished in connection
with a solicitation of Proxies by the Board of CENTENNIAL BANC SHARE CORP. for
use at the Annual Meeting of our Shareholders, to be held at our offices, 6795
E. Tennessee Ave., 5th Floor, Denver, Colorado 80224 on June 20, 2000, at 10:00
a.m., local time, for the purposes set forth in the accompanying Notice of
Annual Meeting of Shareholders. References in this document to "us," "we," or
"the Company" refer to CENTENNIAL BANC SHARE CORP. its predecessor and its
subsidiary.
Shareholders of record at the close of business on May 22, 2000 will be
entitled to receive notice of and to vote at the meeting. Each share of common
stock is entitled to one vote for each matter submitted to a vote at the
meeting. Shares represented by executed and unrevoked Proxies will be voted in
accordance with the specifications made thereon. If the enclosed form of Proxy
is executed and returned, it nevertheless may be revoked by giving another Proxy
or by letter or telegram directed to us. Any such revocation must show the
shareholder's name and must be received prior to the commencement of the meeting
in order to be effective. Additionally, any shareholder attending the meeting in
person, who wishes to do so, may vote by ballot at the meeting, thereby
canceling any Proxy previously given. Where no instructions are indicated,
Proxies will be voted "FOR" the nominees for directors indicated below and "FOR"
the proposals to be considered at the Annual Meeting or any adjournment thereof.
We plan to mail proxy materials to shareholders of record on or about June 8,
2000.
VOTING SECURITIES, PRINCIPAL HOLDERS AND SECURITY
OWNERSHIP OF MANAGEMENT
-----------------------
The approval of each of the proposals set forth in this Proxy Statement
requires the affirmative vote of a majority of the shares actually voted on such
proposal, except that the amendment to our Articles of Incorporation requires
the affirmative vote of a majority of shares entitled to be voted at the
Meeting.
<PAGE>
All voting rights are vested exclusively in the holders of our common
stock, with each share entitled to one vote. Only shareholders of record at the
close of business on May 22, 2000 are entitled to notice of and to vote at the
meeting and any adjournment thereof. As of May 22, 2000, we had approximately
14,487,000 shares of common stock outstanding.
The following sets forth the number of shares of our $.0000001 par value
common stock beneficially owned by (i) each person who, as of May 22, 2000, was
known by us to own beneficially more than five percent (5%) of its common stock;
(ii) our individual Directors; and (iii) our Officers and Directors as a group.
As of May 22, 2000, there were 14,262,000 common shares issued and outstanding.
Name and Address Amount and Nature of Percent of
of Beneficial Owner Beneficial Ownership (1)(2) Class
------------------- --------------------------- -----
J. Dean Burden 1,595,000 11.2%
6795 E. Tennessee Ave.
Fifth Floor
Denver, Colorado 80224
Scott J. Sax 3,150,000(3) 22.09%
6795 E. Tennessee Ave.
Fifth Floor
Denver, Colorado 80224
Patricia W. Saunders 3,150,000(4) 22.09%
6795 E. Tennessee Ave.
Fifth Floor
Denver, Colorado 80224
Richard M. Muller -0-
6795 E. Tennessee Ave.
Fifth Floor
Denver, Colorado 80224
Matthew Connolly -0-
10691 N. Kendall Drive
Suite 311
Miami, Florida 33176
Officers and Directors 6,300,000 44.18%
as a Group (4 Persons)(5)
(1) All ownership is beneficial and of record, unless indicated otherwise.
(2) Beneficial owner listed above has sole voting and investment power with
respect to the shares shown, unless otherwise indicated
2
<PAGE>
(3) Includes 3,000,000 shares owned of record. In addition, 150,000 shares are
owned in the name of the S&J Trust.
(4) Includes 1,470,000 shares owned of record. In addition, 1,680,000 shares
owned in the name of the Investors Trust, for which Ms. Saunders is a
beneficial owner.
(5) Does not include 10,000 shares each to be issued to Ms. Saunders and
Messrs. Sax, Muller, and Connolly for past services. These shares were not
issued as of May 22, 2000. In addition, Messrs. Muller and Connolly have
received stock options to acquire each 25,000 shares at $2.00 per share. No
options have been exercised as of the date hereof.
ACTION TO BE TAKEN UNDER THE PROXY
----------------------------------
Proxies in the accompanying form that are properly executed and returned
will be voted at the Annual Meeting in accordance with the instructions thereon.
Any proxy upon which no instructions have been indicated with respect to a
specific matter will be voted as follows with respect to such matter: (a) "FOR"
the re-election of the four (4) persons named in this Proxy Statement as our
Management's nominees for election to the Board of Directors; (b) "FOR" the
change of our name to easyQual.com, Inc., or such derivation thereof as may be
approved by the Colorado Secretary of State; (c) "FOR" the ratification of
Michael Johnson & Company, LLC,, CPA's, as our independent public accountants;
and (d) "FOR" the transaction of any other business to come before the Meeting,
in the discretion of the holders of such Proxies.
Management knows of no other matters, other than those stated above, to be
presented for consideration at the Meeting. If, however, any other matters
properly come before the Meeting, the persons named in the enclosed proxy intend
to vote such proxy in accordance with their judgement on such matters. The
persons named in the enclosed proxy may also, if they deem it advisable, vote
such proxy to adjourn the Meeting from time to time.
ELECTION OF DIRECTORS
---------------------
It is proposed that four (4) of the current Directors be re-elected to our
Board of Directors, each such Director to hold office until the next Annual
Meeting of shareholders or until their successors are elected and qualified.
3
<PAGE>
It is the intention of the persons named in the accompanying form of Proxy
to vote such Proxy FOR the election of the persons listed below, unless
shareholders specifically indicate in their Proxies that they desire to abstain
from voting for the electing of certain Directors to office. The Board of
Directors does not contemplate that any nominee will be unable to serve as a
Director for any reason, but if that should occur prior to the meeting, the
Board of Directors reserves the right to substitute another person(s) of their
choice as nominee(s). Each nominee must be approved by an affirmative vote of a
majority of the quorum of the shares present and entitled to vote at the Annual
Meeting of Shareholders. The Board of Directors recommends that shareholders
vote FOR the election of each nominee.
VOTING
------
Pursuant to the terms of our Articles of Incorporation every shareholder
voting for the election of directors is entitled to one vote for each share. A
shareholder may vote each share once for one nominee to each of the director
positions being filled. A shareholder may not accumulate votes.
The Board of Directors intends to vote the Proxies solicited by it (other
than Proxies in which the vote is withheld as to one or more nominees) for the
five candidates standing for election as directors nominated by the Board of
Directors. If any nominee is unable to serve, the shares represented by all
valid Proxies will be voted for the election of such substitute as the Board of
Directors may recommend. At this time the Board of Directors knows of no reason
why any nominee might be unavailable to serve.
Our Directors and Executive Officers, their ages and positions held in the
Company as of May 22, 2000 are as follows:
NAME AGE POSITION HELD
---- --- -------------
Scott J. Sax 30 President and Director
Matthew Connolly 45 Executive Vice President
of Finance, Chief
Financial Officer, and
Director
Patricia W. Saunders 51 Secretary,Treasurer,
Director
Richard M. Muller 47 Director
4
<PAGE>
Our Directors will serve in such capacity until the next annual meeting of
our shareholders and until their successors have been elected and qualified. The
officers serve at the discretion of our Directors. Scott Sax is the son-in-law
of Patricia W. Saunders. Otherwise, there are not any arrangements or
understandings between any of our directors or officers or any other person
pursuant to which any officer or director was or is to be selected as an officer
or director.
Scott J. Sax
------------
Mr. Sax has been our President and a Director since 1999. He has been
involved with us through Entrust Mortgage since 1999 and has also been the
President of Entrust Mortgage during this period. From 1997 to 1999, he was
Operations Manager of EMB Mortgage Corp., a private mortgage company. From 1993
to 1997, he was an officer of Investment Consultants, Inc., which did business
as Equityline Financial Services, Inc. Mr. Sax as a B.S. degree in Management
from Georgia Institute of Technology.
Matthew Connolly
----------------
Mr. Connolly has been our Executive Vice President of Finance, Chief
Financial Officer and a Director since April, 2000. He also functions as Chief
Financial Officer for Million Eyes.com, an Internet Service Provider located in
Maryland. He owns a CPA firm in Miami, Florida. In the 1990's he prepared
numerous due diligence for a publicly traded telecommunications company which
resulted in approximately $32 Million in acquisitions. Mr. Connolly graduated
from Northern Arizona University with a degree in accounting.
Patricia W. Saunders
--------------------
Ms. Saunders has been our Secretary-Treasurer and a Director since 1999.
She has been involved with us through Entrust Mortgage since 1999 and has also
been the broker compliance manager of Entrust Mortgage during this period. From
1993 to 1999, she was President of Investment Consultants, Inc., which did
business as Equityline Financial Services, Inc. From 1987 to 1992, she was
President of Administrative and Management Consulting Services, Inc. Ms.
Saunders has a B.S. degree in Marketing from the University of Florida.
Richard M. Muller
-----------------
Mr. Muller has been a Director since 1999. From 1999 to the present, he has
been the Chief Financial Officer of Isotec, Incorporated, a Colorado security
systems company. From 1986 to the present, he has involved with the
implementation of fiscal and administrative activities for Minus de Venezuela,
CA, Armas del Caribe, CA, and Cervezeria Isla de Margarita, CA. Mr. Muller has a
B.S. degree in Business Administration from the University of Colorado.
5
<PAGE>
The Board of Directors has established no committees. Members of the Board
of Directors receive no additional compensation for their service on the Board
of Directors.
Compliance with Section 16(a) of the Securities Exchange Act of 1934.
---------------------------------------------------------------------
Section 16(a) of the Securities Exchange Act of 1934 (the "34 Act")
requires our officers and directors and persons owning more than ten percent of
the our Common Stock, to file initial reports of ownership and changes in
ownership with the Securities and Exchange Commission ("SEC"). Additionally,
Item 405 of Regulation S-B under the 34 Act requires us to identify in its Form
10-KSB and proxy statement those individuals for whom one of the above
referenced reports was not filed on a timely basis during the most recent fiscal
year or prior fiscal years. Given these requirements, we have the following
report to make under this section. None of our Officers or Directors made timely
filings of their Form 3 in the last fiscal year. All such persons eventually
made the filings and have been advised concerning their responsibilities
regarding future compliance with these rules.
EXECUTIVE ENUMERATION
---------------------
The following table sets forth the Summary Compensation Table for the Chief
Executive Officer and the other compensated executive officers other than the
Chief Executive Officer who were serving as executive officers at the end of the
last three completed fiscal years. Except as indicated in the footnotes to this
section, no other compensation not covered in the following table was paid or
distributed by the Company to such persons during the period covered. Employee
Directors receive no additional compensation for service on the Board of
Directors.
<TABLE>
<CAPTION>
SUMMARY COMPENSATION TABLE
Annual Compensation Long Term Compensation
--------------------- -----------------------------------
Awards Payouts
------ -------
Name and Other Restricted All
Principal(1)(2)(3) Salary Annual Stock(1)(3) LTIP Other
Position Year Compensation Bonus Compensation Award(s) Options/
-------- ---- ------------ ----- ------------ -------- --------
($) ($) ($)
<S> <C> <C> <C> <C> <C> <C>
J. Dean 1999 13,080 -- -- -- --
Burden 1998 59,259
President(1) 1997 40,104 -- -- -- --
Scott J. 1999 52,500 --
Sax 1998 -0-
President(2) 1997 -0- -- -- -- --
Patricia W. 1999 20,769 -- -- -- --
Saunders 1998 -0-
Treasurer(2) 1997 -0- -- -- -- --
</TABLE>
6
<PAGE>
(1) Mr. Burden resigned from all offices in 1999.
(2) Mr. Sax and Ms. Saunders became officers in 1999.
Compensation Committee Interlocks and Insider Participation
-----------------------------------------------------------
Messrs. Muller and Connolly have received stock options to acquire each
25,000 shares at $2.00 per share. No options have been exercised as of the date
hereof. Otherwise, we have no compensation committee, retirement, pension, stock
option, sharing, insurance or other similar programs but plan to establish such
programs in the future, although there are no definitive plans to do so at this
time.
CHANGE OF NAME OF THE COMPANY
-----------------------------
We also seek to change our name to easyQual.com, Inc. If approved, we would
still be a Colorado corporation which would be named easyQual.com, Inc., with
three subsidiary corporations.
We seek the name change to better emphasize our business focus. We are in
the mortgage business. Our new name shows the new emphasis of our company on
developing our mortgage business through the Internet. None of our outstanding
Common Shares will be affected by this name change. All shareholders will own
the same number of after this change as they did before. We believe that our
principal revenue and profit growth for the foreseeable future will be in these
activities. It is, therefore, our intention to emphasize this segment of our
business focus by utilizing the name easyQual.com, Inc. This resolution requires
the affirmative vote of a majority of our issued and outstanding shares. The
Board of Directors recommends that shareholders vote FOR the resolution.
RATIFICATION OF APPOINTMENT OF INDEPENDENT PUBLIC ACCOUNTANTS
-------------------------------------------------------------
We have appointed independent public accountants Michael Johnson & Company,
LLC,, CPA's for the fiscal year ended December 31, 2000. This appointment will
be submitted to the shareholders for ratification at the Meeting.
The submission of the appointment of Michael Johnson & Company, LLC,, CPA's
is not required by law or the bylaws of the Company. The Board of Directors is
nevertheless submitting it to the shareholders to ascertain their views. If the
shareholders do not ratify the appointment, the selection of other independent
public accountants will be considered by the Board of Directors. To be adopted,
the resolution requires the affirmative vote of a majority of the shares voting
at the meeting. The Board of Directors recommends a vote FOR the resolution.
7
<PAGE>
OTHER MATTERS
-------------
As of the date of this Proxy Statement, our Management has no knowledge of
any business, other than previously described herein, which should be presented
for consideration at the meeting. In the event that any other business is
presented at the meeting, it is intended that the persons named in the enclosed
Proxy will have authority to vote such Proxy in accordance with their best
judgment on such business.
SHAREHOLDER PROPOSALS
---------------------
According to Rule 14a-8 under the Securities Exchange Act of 1934, a
shareholder may require that certain proposals suggested by shareholders be
voted on at a shareholders meeting. Information concerning such proposals must
be submitted to the Company for inclusion in its proxy statement. Such proposals
for inclusion in the Company's proxy materials relating to the next Annual
Meeting of the Company must be received by the Company not later than January 1,
2001.
ANNUAL REPORT TO SHAREHOLDERS
-----------------------------
The Company's Annual Report to Shareholders on Form 10KSB, including
financial statements, along with the Form 10QSB for the first fiscal quarter,
has been mailed with these materials to all shareholders of record. Any
shareholder who has not received a copy of such Annual Report on Form 10KSB or
Form 10QSB may obtain a copy by writing to us. Such Annual Report on Form 10KSB
and Form 10QSB are not to be treated as part of the proxy solicitation material,
nor as having been incorporated by reference.
SOLICITATION OF PROXIES
-----------------------
The cost of solicitation will be borne by us. We will reimburse brokerage
firms and other custodians, nominees, and fiduciaries for reasonable expenses
incurred by them in sending proxy material to the beneficial owners of common
stock. In addition to solicitation by mail, our directors, officers, and regular
employees may solicit Proxies personally or by telegraph or telephone, without
additional compensation.
NOTICE TO BANKS, BROKERS/DEALERS, VOTING TRUSTEES, AND THEIR NOMINEES
---------------------------------------------------------------------
Please advise us, in care of our corporate address, whether any other
persons are the beneficial owners of the shares of common stock for which
Proxies are being solicited from you, and, if so, the number of copies of the
Proxy Statement, and other soliciting materials, you wish to receive in order to
supply copies to the beneficial owners of shares.
CENTENNIAL BANC SHARE CORP.
By: /s/ Scott J. Sax
--------------------
Scott J. Sax, President
Dated: June 8, 2000
8
<PAGE>
PROXY
CENTENNIAL BANC SHARE CORP.
6795 E. Tennessee Ave., 5th Floor
Denver, Colorado 80224
PROXY FOR ANNUAL MEETING OF SHAREHOLDERS
THE UNDERSIGNED hereby appoints and constitutes Scott J. Sax and Patricia
W. Saunders, and each of them, as his true and lawful agents and proxies, with
full power of substitution and revocation in each, to attend, represent and to
vote the shares of common stock of the undersigned at the Annual Meeting of
Shareholders of CENTENNIAL BANC SHARE CORP., to be held at our offices, 6795 E.
Tennessee Ave., 5th Floor, Denver, Colorado 80224, on June 20, 2000, at 10:00
a.m., local time and at any adjournment thereof, on all matters coming before
said meeting.
Management recommends a vote FOR items 1, 2, 3, and 4 and SHARES WILL BE SO
VOTED UNLESS YOU INDICATE OTHERWISE:
1. Approval of the following individuals to serve on the Board of
Directors:
Scott J. Sax FOR ___ AGAINST ___ ABSTAIN ___
Patricia W. Saunders FOR ___ AGAINST ___ ABSTAIN ___
Richard M. Muller FOR ___ AGAINST ___ ABSTAIN ___
Matthew Connolly FOR ___ AGAINST ___ ABSTAIN ___
2. Approval of the change of the Company's name to easyQual.com, Inc., or
some similar derivation thereof:
FOR ___ AGAINST ___ ABSTAIN ___
3. Ratification of Michael Johnson & Company, LLC, CPA's as the Company's
auditors for the fiscal year ended December 31, 2000:
FOR ___ AGAINST ___ ABSTAIN ___
4. To consider and act upon any matters which may properly come before the
Meeting or any adjournment thereof. The Board of Directors are not aware of any
business to come before the Meeting.
FOR ___ AGAINST ___ ABSTAIN ___
Dated: ____________________________ , 2000.
(Printed Name of Shareholder) _________________________________________________
(Signature of Shareholder) _________________________________________________
This Proxy Must Be Signed Exactly As Your Name Appears On Your Stock
Certificate. Executors, Administrators, Trustees, Etc., Should Give Full Title
As Such. If The Signer Is A Corporation, Please Sign Full Corporate Name By Duly
Authorized Officer.
PLEASE MARK, SIGN, DATE AND RETURN THIS PROXY PROMPTLY. THE FAILURE TO
CHECK A BLOCK WILL BE TAKEN AS A VOTE FOR THE PROPOSITION.
