-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LMo0RjELTY4xMCsM6ap5C318ccGU1OslHAFnkP/C1hNdl1/ekykgEAiRYsWEd/o0 MRjvuPtH/fuFSLaVu5togA== 0001137171-04-000700.txt : 20040526 0001137171-04-000700.hdr.sgml : 20040526 20040526121346 ACCESSION NUMBER: 0001137171-04-000700 CONFORMED SUBMISSION TYPE: PRE 14C PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040522 FILED AS OF DATE: 20040526 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN JEWELRY CORP CENTRAL INDEX KEY: 0001098332 STANDARD INDUSTRIAL CLASSIFICATION: JEWELRY, PRECIOUS METAL [3911] IRS NUMBER: 841516192 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: PRE 14C SEC ACT: 1934 Act SEC FILE NUMBER: 000-28663 FILM NUMBER: 04831618 BUSINESS ADDRESS: STREET 1: 131 WEST 35TH STREET CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 2127360880 MAIL ADDRESS: STREET 1: 131 WEST 35TH STREET CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: ADVANCED CEILING SUPPLIES INC DATE OF NAME CHANGE: 19991103 PRE 14C 1 prec14c.htm Filed By Filing Services Canada Inc. 403-717-3898


 

SCHEDULE 14C INFORMATION


INFORMATION STATEMENT PURSUANT TO SECTION 14(c) OF THE SECURITIES EXCHANGE


ACT OF 1934


FILED BY THE REGISTRANT |X|

FILED BY A PARTY OTHER THAN THE REGISTRANT |  |

CHECK THE APPROPRIATE BOX:

|X| PRELIMINARY INFORMATION STATEMENT

|  | DEFINITIVE INFORMATION STATEMENT

|  | CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY

RULE 14c-5(d)(2))


GEMZ CORP.

(Formerly MSM JEWELRY CORP. )


(Name of Registrant as Specified In Its Charter)


Payment of Filing Fee (Check the appropriate box):


|X| No fee required


|  | Fee computed on table below per Exchange Act Rules 14c-5(g) 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 (SET FORTH THE AMOUNT ON WHICH THE FILING FEE IS CALCULATED AND STATE HOW IT WAS DETERMINED):


(4) PROPOSED MAXIMUM AGGREGATE VALUE OF TRANSACTION:


(5) TOTAL FEE PAID:



|  | FEE PREVIOUSLY PAID WITH PRELIMINARY MATERIALS.


|  | 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: 

 




 


INFORMATION STATEMENT

OF

GEMZ CORP.


(Formerly MSM JEWELRY CORP. )

(Formerly American Jewelry Corp.)


800 SECOND AVE. 8 th FLOOR

NEW YORK, NEW YORK 10017


THIS INFORMATION STATEMENT IS BEING PROVIDED


TO YOU BY THE BOARD OF DIRECTORS


OF GEMZ CORP.


WE ARE NOT ASKING YOU FOR A PROXY


AND YOU ARE REQUESTED NOT TO


SEND US A PROXY


This Information Statement is being mailed or furnished to the stockholders of GEMZ Corp., a Nevada corporation (the "Company"), in connection with the previous approval at a meeting held on May 19, 2004, of the Company's Board of Directors of the corporate actions referred to below and the subsequent adoption of such corporate actions by written consent on May 19, 2004 of holders entitled to vote a majority of the aggregate shares of common stock par value $0.001 per share (the "Common Stock") of the Company and series A preferred stock, par value $0.01 per share (the "Series A Preferred Stock") of the Company. Accordingly, all necessary corporate approvals in connection with matters referred to herein have been obtained and this Information Statement is furnished solely for the purpose of informing the stockholders of the Company, in the manner required under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), of these corporate actions before they take effect.


This Information Statement is first being mailed or furnished to the stockholders of the Company on or about June ____ 2004, and the transactions described herein shall not become effective until at least 20 days thereafter.


ACTIONS BY BOARD OF

DIRECTORS AND

CONSENTING STOCKHOLDERS


The following corporate actions were authorized and adopted by unanimous written consent of the Board of Directors of the Company on May 19, 2004, a copy of which is attached hereto as Exhibit A, and subsequently we received the written consent in lieu of a meeting of stockholders, from the holders entitled to vote a majority of the Common Stock and Series A Preferred Stock of the Company on May 19, 2004, which is attached hereto as Exhibit B:


1. To amend our Articles of Incorporation to increase the number of authorized shares of our Common Stock to 150,000,000;




The reasons for, and general effect of, the amendments to our Articles of Incorporation is described in "ACTION 1 - AMENDMENTS INCREASING THE NUMBER OF AUTHORIZED SHARES OF OUR COMMON STOCK."



 



The Board of Directors of the Company knows of no other matters other than those described in this Information Statement which have been recently approved or considered by the holders of the Company's Common Stock and Series A Preferred Stock.


GENERAL


This Information Statement is first being mailed or furnished to stockholders on or about June 1, 2004, and the Amendments described herein will not become effective until at least 20 calendar days thereafter. The Company will pay all costs associated with the distribution of this Information Statement, including the costs of printing and mailing. The Company will reimburse brokerage firms and other custodians, nominees and fiduciaries for reasonable expenses incurred by them in sending this Information Statement to the beneficial owners of the Company's Common Stock and Series A Preferred Stock.


VOTE OBTAINED – NEVADA LAW


Nevada Revised Statutes ("NRS") 78.390 provides that every amendment to our Articles of Incorporation shall first be adopted by the resolution of the Board of Directors and then be subject to the approval of stockholders entitled to vote on any such amendment. Under NRS 78.390 and our bylaws, an affirmative vote by stockholders holding shares entitling them to exercise at least a majority of the voting power is sufficient amend our Articles of Incorporation. NRS 78.320 provides that, unless otherwise provided in the Articles of Incorporation or the bylaws, any action required or permitted to be taken at a meeting of the stockholders may be taken without a meeting if, before or after the action, a written consent thereto is signed by stockholders holding at least a majority of the voting power. In order to eliminate the costs and management time involved in holding a special meeting and in order to effect the Amendments as early as possible in order to accomplish the purposes as hereafter described, our Board of Directors voted to utilize, and did in fact obtain, the written consent of the holders of a majority in the interest of our voting stock.  NRS 78.320 provides that in no instance where action is authorized by written consent need a meeting of stockholders be called or notice given.


VOTING SECURITIES AND

PRINCIPAL HOLDERS THEREOF


As of May 20, 2004, there were 780,258,382  outstanding shares of Common Stock and 300,000 outstanding shares of Series A Preferred Stock. After giving effect to the one for one hundred consolidation (reverse split) previously approved by the Board of Directors and ratified by shareholders controlling 54% of the voting stock there were 7,802,584 shares. Each holder of Common Stock is entitled to one vote for each share held by such holder, and each of share of Series A Preferred stock is entitled to 110.8788253 votes, so that the three holders of 100,000 shares of Series A Preferred Stock are entitled to an aggregate of 11,087,882.53 shares per holder, each representing 27% of the aggregate shares of Common Stock and Series A Preferred Stock entitled to vote. By virtue of their holdings of Series A Preferred Stock, any two of the executive officers of the Company, who are also directors of the Company, were able to authorize the corporate actions descri bed herein.


SECURITY OWNERSHIP OF CERTAIN BENEFICIAL

OWNERS AND MANAGEMENT


The following table sets forth, as of May 20, 2004, 2004, certain information as to the stock ownership of each person known by the Company to own beneficially 5% or more of the Company's outstanding Common Stock, by each director of the Company who owns shares of Common Stock, and by all officers and directors as a group. This table includes the shares of Series A Preferred Stock, which have the right in the aggregate to cast 81% of the total votes which may be cast by the holders of all the outstanding (i) shares of Common Stock and (ii) Series A Preferred Stock.




Name and Address of Beneficial Owner

Number of shares of Common Stock Owned 

Number of shares of Series A Preferred Stock Owned (1)

Percentage of Voting

Rights

 

Isaac Nussen

c/o Gemz Corp

800 Second Ave., 8th Fl

New York, NY 10017

0

100,000

27%

 

George Weiss

800 Second Ave., 8th Fl

New York, NY 10017

0

100,000

27%

 

Ratzon Kochavi

c/o Gemz Corp.

800 Second Ave., 8th Fl.

New York, NY 10017

0

100,000

27%

 

All officers and directors as a group (4 persons)

0

300,000

81%

 

(1) Except as otherwise indicated, all shares are beneficially owned and sole voting and investment power is held by the persons named.


NOTICE TO STOCKHOLDERS OF ACTIONS

APPROVED BY CONSENTING STOCKHOLDERS


The following actions have been approved by the written consent of two of the holders together entitled to vote a majority of the aggregate shares of Common Stock and Series A Preferred Stock of Company:


ACTION 1


AMENDMENT INCREASING

THE NUMBER OF AUTHORIZED SHARES

OF OUR COMMON STOCK



Purpose of the Increase


Our Board of Directors has determined that it is in our best interests to increase the number of authorized shares of our common stock. The Board of Directors believes that the Share Increase Amendment will provide us with greater flexibility by increasing our authorized capital to allow us to issue additional shares of our common stock. Consequently, the Board of Directors has recommended that we increase the number of authorized shares of our common stock to 150,000,000 shares.


The Company effected a consolidation of its shares on a one for one hundred basis. This had the effect of also consolidating the number of shares authorized, from 1,000,000,000 to 10,000,000. Previously, the Company amended its Articles of Incorporation to effect the increases in the number of authorized shares of Common Stock to enable the Company to immediately issue shares of Common Stock in connection with the receipt by the Company of notices to convert the Company's outstanding 8% Convertible Debentures (the "Debentures") into shares of Common Stock.


Pursuant to the terms of the Debentures, upon receipt by the Company of a notice to convert the Debentures into shares of Common Stock the Company must deliver such shares to the holders of the Debentures within three (3) trading days. Under the terms of the Debentures, if the Company fails to timely deliver such shares the Company shall have to pay to such holder who requested conversion of the Debenture, liquidated damages per trading day for each trading day until the shares are delivered, in an amount equal to 0.5% of the aggregate remaining principal amount of the Debentures requested to be converted together with interest on such amount at a rate of 15% per annum, accruing until such amount and any accrued interest thereon is paid in full. Under the terms of the Debentures the failure by the Company to timely deliver such shares constitutes an event of default pursuant to which the holder of the Debenture may declare the principal of and interest on th e Debentures to be immediately due and payable upon written notice to the Company.


The Company's issuance of the shares of Common Stock upon conversion of the Debentures have the effect of diluting the equity ownership position of the then current holders of Common Stock.



Effect of the Increase


The increase in authorized common stock will not have any immediate effect on the rights of existing stockholders. However, the Board of Directors will have the authority to issue authorized common stock without requiring future stockholder approval of such issuances, except as may be required by the Articles of Incorporation or applicable law. To the extent that additional authorized shares are issued in the future, they may decrease the existing stockholders' percentage equity ownership and, depending on the price at which they are issued, could be dilutive to the existing stockholders.


The increase in the authorized number of shares of common stock and the subsequent issuance of such shares could have the effect of delaying or preventing a change in control of the Company without further action by our stockholders. Shares of authorized and unissued common stock could, within the limits imposed by applicable law, be issued in one or more transactions which would make a change in control of the Company more difficult, and therefore less likely. Any such issuance of additional stock could have the effect of diluting the earnings per share and book value per share of outstanding shares of common stock and such additional shares could be used to dilute the stock ownership or voting rights of a person seeking to obtain control of the Company.


The Board of Directors is not currently aware of any attempt to take over or acquire the Company. While it may be deemed to have potential anti-takeover effects, the Share Increase Amendment is not prompted by any specific effort or takeover threat currently perceived by management.


Vote Required


Pursuant to NRS 78.385 and NRS 78.390, the affirmative vote of the holders of a majority of our outstanding voting stock is sufficient to amend our Articles of Incorporation to increase the number of authorized shares of our common stock to 150,000,000 shares, which vote was obtained by majority written consent. As a result, the Share Increase Amendment was approved and no further votes will be needed.





Effective Date


Under applicable federal securities laws, the Share Increase Amendment cannot be effective until at least 20 calendar days after this Information Statement is sent or given to our stockholders. The Share Increase Amendment will become effective upon filing with the Secretary of State of Nevada. It is anticipated that the foregoing will take place 20 calendar days after distribution of this Information Statement is mailed to our stockholders.


Dissenters' Rights of Appraisal


The Nevada Revised Statutes do not provide for appraisal rights in connection with the increase of authorized shares of our capital stock.





ADDITIONAL INFORMATION


We are subject to the information requirements of the Securities Exchange Act of 1934, as amended, and in accordance therewith file reports, proxy statements and other information including annual and quarterly reports on Form 10-KSB and Form 10-QSB with the Securities and Exchange Commission. Reports and other information filed by us can be inspected and copied at the public reference facilities maintained at the Securities and Exchange Commission at Room 1024, 450 Fifth Street, N.W., Washington, DC 20549. Copies of such material can be obtained upon written request addressed to the Securities and Exchange Commission, Public Reference Section, 450 Fifth Street, N.W., Washington, DC 20549, at prescribed rates. The Securities and Exchange Commission also maintains a web site on the internet (http://www.sec.gov) where reports, proxy and information statements and other information regarding issuers that file electronically with the Securities and Exchange Comm ission through the Electronic Data Gathering, Analysis and Retrieval System may be obtained free of charge.



By Order of the Board of Directors


_______________________________

RATZON KOCHAVI

PRESIDENT


Dated: New York, New York


May 20, 2004



EXHIBIT A


Certificate of Amendment

to Articles of Incorporation

For Nevada Profit Corporations


(Pursuant to NRS 78.385 and 78.390 -After Issuance of Stock)


1. Name of corporation: GEMZ Corp., (the "Corporation")



2. Paragraph 4.1 of ARTICLE IV of the articles has been amended in its entirety to read as follows:



"4.1 NUMBER OF SHARES AUTHORIZED; PAR VALUE. The total number of shares of all classes of stock which the Corporation shall have authority to issue is 155,000,000. The corporation is authorized to issue 150,000,000 shares of common stock, par value $0.001 per share (the "Common Stock") and 5,000,000 shares of preferred stock, par value $0.001 per share (the "Preferred Stock"). The Preferred Stock may be issued at any time or from time to time, in any one or more series, and any such series shall be comprised of such number of shares and may have such voting powers, whole or limited, or no voting powers, and such designations, preferences and relative, participating, optional or other special rights, and qualifications, limitations or restrictions thereof, including liquidation preferences, as shall be stated and expressed in the resolution or resolutions of the board of directors of the Corporation, the board of directors being hereb y expressly vested with such power and authority to the full extent now or hereafter permitted by law."    



3. The vote by which the stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provision of the articles of incorporation have voted in favor of the

 



amendment is: 54% in favor



4. Effective date of filing (optional): 20 calendar days (must not be later than 90 days after the certificate is filed).



5. Officer Signature (required): /S/ ISAAC NUSSEN



*If any proposed amendment would alter or change any preference or any relative or other right given to any class or series of outstanding shares, then the amendment must be approved by the vote, in addition to the affirmative vote otherwise required, of the holders of shares representing a majority of the voting power of each class or series affected by the amendment regardless of limitations or restrictions on the voting power thereof.


IMPORTANT: Failure to include any of the above information and submit the proper fees may cause this filing to be rejected.



SUBMIT IN DUPLICATE



THIS FORM MUST BE ACCOMPANIED BY APPROPRIATE FEES.  SEE ATTACHED FEE SCHEDULE.


NEVADA SECRETARY OF STATE AM 78.385 AMEND 2003

REVISED ON: 11/03/03

 

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