-----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, B4nzSUa7xSzi3JdVqrPOwUwnSAIdUj6LajREL4ieRQqjZYKu9YcnTY2RLy2ww/j9 k6U5FTcO6mSuWPNAfm6t0A== 0001089355-09-000196.txt : 20090630 0001089355-09-000196.hdr.sgml : 20090630 20090630125613 ACCESSION NUMBER: 0001089355-09-000196 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090626 ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20090630 DATE AS OF CHANGE: 20090630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VISUAL MANAGEMENT SYSTEMS INC CENTRAL INDEX KEY: 0001284453 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-133936 FILM NUMBER: 09918586 BUSINESS ADDRESS: STREET 1: 1000 INDUSTRIAL WAY NORTH STREET 2: SUITE C CITY: TOMS RIVER STATE: NJ ZIP: 08755 BUSINESS PHONE: (732) 281-1355 MAIL ADDRESS: STREET 1: 1000 INDUSTRIAL WAY NORTH STREET 2: SUITE C CITY: TOMS RIVER STATE: NJ ZIP: 08755 FORMER COMPANY: FORMER CONFORMED NAME: WILDON PRODUCTIONS INC DATE OF NAME CHANGE: 20040322 8-K 1 n10902_form8-k.htm FORM 8-K

 

UNITED STATES

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): June 26, 2009

 

VISUAL MANAGEMENT SYSTEMS, INC.

(Exact name of registrant as specified in its charter)


 

 

 

Nevada

333-133936

68-0634458

(State or other jurisdiction of
incorporation)

(Commission File Number)

(IRS Employer Identification
Number)

1000 Industrial Way North, Suite C
Toms River, New Jersey 08755
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (732) 281-1355

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o

Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2(b))

o

Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4 (c))




 

 

ITEM 3.02

UNREGISTERED SALES OF EQUITY SECURITIES

On June 26, 2009, Visual Management Systems, Inc. (the “Company”) completed its private offering of Series B Convertible Preferred Stock, the initial closing of which occurred on April 1, 2009. A total of 500 shares of Series B Convertible Preferred Stock were issued in the offering, with total net proceeds to the Company of $457,236, after finder’s fees. Of the 500 shares of Series B Preferred Stock sold, 185 were purchased by members of the Company’s board of directors, officers, employees or other insiders of the Company. The shares of Series B Convertible Preferred Stock have a liquidation preference of $1,000 per share and are convertible into a number of shares of Common Stock determined by dividing the liquidation preference by the conversion price of $0.005 per share, which is subject to adjustment to protect against dilution under certain circumstances.

The Company has agreed to issue four shares of Series B Convertible Preferred Stock (included in the 500 total), 1,870,000 shares of Common Stock, warrants to purchase 5,510,000 shares of Common Stock at an exercise price of $.005 per share and pay cash fees in the aggregate amount of $33,000 to finders in connection with the offering.

The Company relied upon the exemption provided by Section 4(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D promulgated thereunder, in connection with the transactions described above.

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.

 

 

 

 

Visual Management Systems, Inc.

 

(Registrant)

 

 

 

By:

 

/s/ Jason Gonzalez

 

 

Name:

 

Jason Gonzalez

Title:

 

President and Chief Executive Officer

 

 

 

Dated: June 30, 2009

 

 

2


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