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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
OR 15d-17 THEREUNDER
BOUTON CORPORATION
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(Exact name of issuer as specified in charter)
2960 Post Road, Southport Connecticut 06490
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(Address of principal executive offices)
Issuer's telephone number, including area code (203) 259-4967
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I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of five percent of more in the number
of shares outstanding:
1. Title of security Common Stock, $.001 par value per share
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2. Number of shares outstanding before the change 19,958,107 shares, $.001
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par value per share -
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(as of 4/9/96)
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3. Number of shares outstanding after the change 371 shares, $50.00 par
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value per share (approximate number)
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4. Effective date of change May 9, 1996
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5. Method of change: Specify method (such as merger, acquisition,
exchange, distribution, stock split, reverse
split, acquisition of stock for treasury, etc.)
Reverse split
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Give brief description of transaction: Certificate of Amendment to the
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Company's Articles of Incorporation that reduced the number of authorized shares
of Common Stock, $.001 par value per share from 50,000,000 to 1,000 shares and
increased the par value of the Common Stock from $.001 per share to $50.00 per
share, and effected a one for 50,000 reverse stock split of the presently issued
and outstanding shares, with a cash payment in lieu of the issuance of
fractional shares which resulted from the reverse stock split.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change N/A
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2. Name after change N/A
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3. Effective date of charter amendment changing name N/A
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4. Date of shareholder approval of change, if required N/A
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BOUTON CORPORATION
Date May 9, 1996 By:/s/ David F. Miller III
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David F. Miller
President
