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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): December 15, 2000
HOLMES MICROSYSTEMS, INC.
(Exact Name of Registrant as Specified in Charter)
TEXAS 000-18257 91-1939829
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
57 West 200 South, Suite 310, Salt Lake City, Utah 84101
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (801) 269-9500
Item 5. Other Events
Description of Securities
The Company is authorized to issue 49,000,000 shares of common stock,
par value $.001 per share. All common shares are equal to each other with
respect to voting, and dividend rights, and are equal to each other with
respect to liquidation rights. Outstanding shares of preferred stock, if
any, have a preference over the common shares on the payment of any such
dividends and with respect to liquidation proceeds. Holders of common
shares are entitled to one vote at any meeting of the shareholders for each
common share they own as of the record date fixed by the Board of
Directors. At any meeting of shareholders, a majority of the outstanding
common shares entitled to vote, represented in person or by proxy,
constitutes a quorum. A vote of the majority of the common shares
represented at a meeting will govern, even if this is substantially less
than a majority of the common shares outstanding. Subject to the rights of
the holders of outstanding preferred shares, if any, holders of shares of
common stock are entitled to receive such dividends as may be declared by
the Board of Directors out of funds legally available therefor, and upon
liquidation are entitled to participate pro rata in a distribution of
assets available for such a distribution to shareholders. There are no
pre-emptive or other subscription rights or privileges with respect to any
common share. The common shares are not convertible into any other class
of securities; outstanding preferred shares, if any, are convertible into
common shares. The shares do not have cumulative voting rights, which
means that the holders of more than fifty percent of the common shares
voting for election of directors may elect all the directors if they choose
to do so. In such event, the holders of the remaining shares aggregating
less than fifty percent will not be able to elect directors.
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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.
HOLMES MICROSYSTEMS, INC.
By /s/ Kip Eardley
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Date: December 15, 2000 Kip Eardley, President
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