SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 18, 2000
ADEN ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
California 00-18140 87-0447215
---------- -------- ----------
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification Number)
incorporation or
organization)
13314 "I" Street, Omaha, Nebraska 68137
(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code:
(402) 334-5556
<PAGE>
Item 5. Other Events
The special meeting of the shareholders of the Registrant was held on
February 18, 2000, at the Registrant's principal offices (the "Special
Meeting"). The sole matter submitted to the shareholders for a vote was the
proposed amendment to Article IV of the Registrant's Articles of Incorporation
to increase the number of authorized shares from 100,000,000 to 750,000,000.
Shareholders of record as of December 31, 1999, were eligible to notice of, and
to vote at, the Special Meeting. As of December 31, 1999, there were 81,000,000
shares of the Registrant's capital stock outstanding, all of a single class
designated as common stock. Under Sections 902 and 903 of the California General
Corporation Law, the proposed amendment required the affirmative approval of a
majority of the shares outstanding. The following table sets forth the results
of the voting on this matter.
<TABLE>
<CAPTION>
Number of Number of
Votes Abstentions
Number of Against or and Broker
Matter Votes For Withheld Non-Votes
------ --------- -------- ---------
<S> <C> <C> <C>
Amendment to Article IV of Articles of 53,555,844 200 0
Incorporation
</TABLE>
The proposed amendment was adopted in accordance with the California General
Corporation Law.
SIGNATURE
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.
ADEN ENTERPRISES, INC.
By:/s/ Judith E. Sundberg
Judith E. Sundberg
Secretary
Date: February 18, 2000
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
99.1 Press release
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: Michael Caputo
(703) 438-7500
ADEN SHAREHOLDERS INCREASE AUTHORIZED SHARES
Additional shares to fuel business growth and seize market share
OMAHA, NE (MARCH 3, 2000) - Aden Enterprises, Inc. (OTC: ADEN), a creator and
manager of a diverse "eCommunity" of Internet companies, today announced
shareholder support for increasing the number of authorized shares of Common
Stock from 100,000,000 to 750,000,000. Shareholders voiced their approval during
the Company's Special Meeting of Shareholders held on Friday, February 18, 2000.
A portion of the shares will be used to satisfy certain commitments of the
Company. The remaining authorized shares are available for issuance at the
direction of Aden's board of directors to raise capital, to fund acquisitions
and for other corporate purposes. The commitments Aden fulfills with this
increase in number of shares include:
o Various intellectual property rights from MercExchange, LLC, the holding
company for the online auction patent and other pending patents of chief
technology officer, Thomas Woolston;
o Acquisition of Azumano Travel, Inc., the Portland, Oregon-based leader in
business-to-business travel; and,
o Acquisition of Corporate Travel Consultants II, Inc, a premier
business-to-business travel company in Miami, Florida.
Aden Enterprises, Inc., develops, invests in and owns a diverse eCommunity of
business-to-business and business-to-consumer Internet companies. Aden's
proprietary technologies are the common thread woven into the fabric of each
operating enterprise. Developed by a pace-setting innovation team, Aden's
technology solutions help create unique Web sites and define the company's
competitive edge. Aden is headquartered in Omaha, Nebraska, with the technology
solutions group based in Alexandria, Virginia.
Certain information above contains forward-looking statements that may involve
risk and uncertainties. Aden Enterprises believes its expectations are based on
reasonable assumptions. However, no assurances can be given that its goals will
be achieved. Factors that could cause actual results to differ materially
include, but are not limited to, changes in federal, state and local
regulations.
