OAK BROOK CAPITAL III, INC.
SCHEDULE 14A
Pursuant To Section 14(a)
of the Securities Exchange Act of 1934
and Rule 14a-101 thereunder
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SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by registrant [X]
Filed by a party other than the registrant [ ]
Check the appropriate box:
[X] Preliminary proxy statement
[ ] Definitive proxy statement
[ ] Definitive additional materials
[ ] Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12
Oak Brook Capital III, Inc.
(Name of Registrant as Specified in its Charter)
Oak Brook Capital III, Inc.
(Name of Person(s) Filing Proxy Statement)
Payment of filing fee (Check the appropriate box):
[X] No fee required per Exchange Act Rule 0-11(c)(1)(ii), 14a-6(i)(1), or
14a-6(j)(2).
[ ] $500 per each party to the controversy pursuant to Exchange Act Rule
14a-6(i)(3).
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
1) Title of each class of securities to which transaction applies:
2) Aggregate number of securities to which transaction applies:
3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11:<F1>
4) Proposed maximum aggregate value of transaction:
[ ] 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:
2) Form, schedule or registration statement No.:
3) Filing party:
4) Date filed:
December 15, 1999
<F1> Set forth the amount on which the filing fee is calculated and state
how it was determined
Oak Brook Capital III, Inc.
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
Dear Stockholder:
It is my pleasure to invite you to attend a special meeting of
Stockholders of Oak Brook Capital III, Inc., to be held at the offices of the
Chinese Economic Times, 500 Alden Road-Suite 208, Markham, Ontario, Canada
on December , 1999 at 10:00 a.m. local time.
The meeting will be held for the following purposes:
1. To vote upon a proposal to amend our Certificate of Incorporation
to change our name to Mighty Star Holdings, Ltd.
2. To act upon such other matters as may properly come before the
meeting.
Holders of record of our common stock at the close of business on
December , 1999 are entitled to receive this notice and to vote at the
meeting or any adjournment.
Your vote is important. Whether you plan to attend the meeting or not, we
urge you to complete, sign and return your proxy card as soon as possible in
the envelope provided. This will ensure representation of your shares in the
event you are not able to attend the meeting. You may revoke your proxy and
vote in person at the meeting if you so desire.
Kam Kui Leong,
Vice President and Secretary
December , 1999
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OAK BROOK CAPITAL III, INC.
50 Airport Parkway - Suite 117
San Jose, California 95111
PROXY STATEMENT
This proxy statement is being furnished in connection with the
solicitation of proxies on behalf of the Board of Directors of Oak Brook
Capital III, Inc. for a special meeting of stockholders. We are first mailing
copies of this proxy statement, the attached notice of special meeting of
stockholders and the enclosed form of proxy on or about December , 1999.
At the special meeting, holders of our common stock will vote upon the
upon a proposal to amend our certificate of incorporation to change our name
to Mighty Star Holdings, Ltd.
Our Board of Directors has fixed the close of business on December ,
1999 as the record date for the determination of stockholders entitled to
notice of, and to vote at the special meeting or any adjournment of the
special meeting.
Accordingly, you may vote at the special meeting only if you are a holder
of record of common stock at the close of business on the record date. As of
the record date, there were holders of record of our common stock and
12,048,500 shares of common stock were issued and outstanding.
If you complete and return your proxy card and we receive it at or prior
to the special meeting, your shares will be voted in accordance with your
directions. You can specify your choices by marking the appropriate boxes on
the enclosed proxy card. If your proxy card is signed and returned without
directions, the shares will be voted for the proposal to amend our certificate
of incorporation to change our name to Mighty Star Holdings, Ltd. You may
revoke your proxy at any time before it is voted at the meeting by sending a
notice of revocation to our secretary at the address listed above, executing a
later-dated proxy or by voting by ballot at the meeting.
The holders of a majority of our common stock entitled to vote, present
in person or represented by proxy, will constitute a quorum for the
transaction of business. Abstentions and broker "non-votes" are counted as
present and entitled to vote for purposes of determining a quorum. A broker
"non-vote" occurs when a nominee holding shares for a beneficial owner does
not vote on a particular proposal because the nominee does not have
discretionary voting power with respect to that item and has not received
instructions from the beneficial owner.
Holders of common stock are entitled to one vote per share on all matters
properly brought before the meeting. The proposal to amend our certificate of
incorporation to change our name to Mighty Star Holdings, Inc. requires the
affirmative vote of the holders of a majority of our outstanding shares of
common stock. All other matters to be acted upon at the meeting will be
determined by the affirmative vote of the holders of the majority of the
common stock present in
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person or represented by proxy and entitled to vote.
An abstention is counted as a vote against and a broker "non-vote" generally
is not counted for purposes of approving these matters. However, in connection
with the proposal to amend our certificate of incorporation, shares not voted
will have the same effect as shares voted against the proposal.
The Board of Directors is not aware of any matters that will be brought
before the meeting other than those described in this proxy statement.
However, if any other matters properly come before the meeting, the persons
named on the enclosed proxy card will vote in accordance with their best
judgment on such matters.
OWNERSHIP OF OUR COMMON STOCK BY CERTAIN PERSONS
The following table sets forth certain information with respect to the
beneficial ownership of our common stock as of December , 1999 by (i)
each person known to us to own beneficially more than five percent of our
common stock (including such person's address), (ii) our executive officers
and each director and (iii) all directors and executive officers as a group:
Name and Address Position(s) Number of Shares
Beneficially Owned and Percentage of Class
Wai Hong Chong CEO, President, 9,670,500 (80.3%)
Shun Tak Centre-Room 3203 Chairman of the Board
168-200 Connaught Road and a Director
Central, Hong Kong
Wai Tong Chong Director 0*
Shun Tak Centre - Room 3203
168-200 Connaught Road
Central, Hong Kong
Kam Kui Leong Vice President, 0*
Shun Tak Centre - Room 3203 Secretary and a
168-200 Connaught Road Director
Central, Hong Kong
Charles George Spooner Director 0* (1)
508 Church Street
Toronto, Ontario
Canada, M4Y 2C8
Edmund C. K. Leong Vice President- 0*
500 Alden Road - Suite 208 North American
Markham, Ontario Operations and a
Canada, L3R 5H5 Director
All Officers and Directors
as a Group (5 Persons) 9,670,500 (80.3%)
* Less than one percent.
(1) Does not include 312,500 shaes held by Worldnet (H.K.) Ltd. Mr. Spooner
is an officer and beneficial owner of such corporation.
<PAGE> 3
PROPOSAL TO AMEND OUR CERTIFICATE OF INCORPORATION TO CHANGE OUR NAME TO
MIGHTY STAR HOLDINGS, LTD.
Our Board has adopted, and is recommending to our stockholders for their
approval at the meeting, a resolution to amend Article One of Certificate of
Incorporation to read as follows:
1. Corporate Name. The name of the Corporation is MIGHTY STAR HOLDINGS, LTD.
We believe that this name change more accurately references our principal
business. Our current name, Oak Brook Capital III, Inc., reflects our prior
status as an inactive shell corporation seeking an acquisition candidate. In
November, 1999, we acquired all of the shares of Mighty Star Holdings, Ltd, a
B.V.I. corporation and the business of Mighty Stara Holdings, Ltd., BVI is our
only business.
If the amendment is adopted, you will not be required to exchange your
outstanding stock certificates for new certificates.
Wai Hong Chong, who owns 9,670,500, representing 80.3% of the issued and
outstanding stock on the record date, has indicated that he will vote for the
proposal. His votes assure the proposal's passage.
THE BOARD OF DIRECTORS RECOMMENDS VOTING "FOR" THE PROPOSAL TO ADOPT THE
AMENDMENT TO OUR CERTIFICATE OF INCORPORATION.
STOCKHOLDER PROPOSALS
We currently anticipate that our 2000 Annual Meeting of Stockholders will
be held on or about June 15, 2000. Proposals of stockholders intended for
inclusion in the proxy statement for our Annual Meeting of Stockholders in
2000 must be received by us at our its principal office in San Jose,
California, no later than March 3, 2000 in order to be considered for
inclusion in our proxy statement and form of proxy relating to that meeting.
SOLICITATION OF PROXIES
We will pay the cost of solicitation of proxies for the special meeting.
In addition to the mailing of the proxy material, such solicitation may be
made in person or by telephone or telecopy by our directors, officers or
regular employees.
ANNUAL REPORT ON FORM 10-KSB
We will provide without charge to each person solicited by this proxy
statement, on the written request of any such person, a copy of the our Annual
Report on Form 10-KSB (including the financial statements and any schedule
thereto but excluding exhibits) as filed with the Securities and Exchange
<PAGE> 4
Commission for our most recent fiscal year. Such written request should be
directed to the Company at the address of the Company appearing on the first
page of this proxy statement and to the attention of Kam Kui Leong,
Secretary.
The above Notice and Proxy Statement are sent by order of the Board of
Directors.
Kam Kui Leong,
Vice President and Secretary.
Dated: December , 1999
<PAGE>
PROXY
OAK BROOK CAPITAL III, INC.
SPECIAL MEETING OF STOCKHOLDERS, NOVEMBER 18, 1999
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Edmond K. C. Leong and Charles Spooner,
or either of them, proxy, with full power of substitution, to vote, as
designated below and on the reverse side hereof, all shares of Common Stock
which the undersigned is entitled to vote if personally present at the Special
Meeting of Stockholders of Oak Brook Capital III, Inc. or any adjournment or
postponement thereof, subject to the directions indicated below.
If instructions are given in the spaces below hereof, the shares will be
voted in accordance therewith; if instructions are not given, the shares will
be voted for Proposal 1 and in the discretion of the proxies with respect to
any other matter to come before the meeting. This proxy also delegates
discretionary authority to vote with respect to any other matters that may
properly come before the meeting or any adjournment or postponement thereof.
1. PROPOSAL TO AMEND THE CERTIFICATE OF INCORPORATION TO CHANGE THE
COMPANY'S NAME TO MIGHTY STAR HOLDINGS, LTD.
FOR _ AGAINST _ ABSTAIN _
2. In their discretion, the Proxies are authorized to vote upon such other
business as may properly come before the meeting.
GRANTS AUTHORITY __ WITHHOLDS AUTHORITY ___
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE NOTICE OF SPECIAL MEETING
AND PROXY STATEMENT OF OAK BROOK CAPITAL III, INC.
Please sign exactly as name(s) appear(s) below. When shares are held by joint
tenants, both should sign. When signing as attorney, executor, administrator,
trustee or guardian, please give full title as such. If a corporation, please
sign in full corporate name by President or other authorized officer. If a
partnership, please sign in partnership name by authorized person.
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Signature if held jointly
Dated: _________________________
