-----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, CQt38suR6iV4mYEd19myI3gKAt8jIZI5+P15qovgEYYvQErf59DM3kimiVET0fo0 YPBfZMCBXN3MYZ2dtyWClg== 0001448788-10-000086.txt : 20100401 0001448788-10-000086.hdr.sgml : 20100401 20100401085939 ACCESSION NUMBER: 0001448788-10-000086 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100330 ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100401 DATE AS OF CHANGE: 20100401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China Armco Metals, Inc. CENTRAL INDEX KEY: 0001410711 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-METALS, MINERALS (NO PETROLEUM) [5050] IRS NUMBER: 260491904 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34631 FILM NUMBER: 10721760 BUSINESS ADDRESS: STREET 1: ONE WATERS PARK DRIVE, SUITE 98 CITY: SAN MATEO STATE: CA ZIP: 94403 BUSINESS PHONE: (650) 212-7620 MAIL ADDRESS: STREET 1: ONE WATERS PARK DRIVE, SUITE 98 CITY: SAN MATEO STATE: CA ZIP: 94403 FORMER COMPANY: FORMER CONFORMED NAME: Cox Distributing Inc. DATE OF NAME CHANGE: 20070827 8-K 1 cnam8-k.htm CHINA ARMCO METALS, INC. FORM 8-K cnam8-k.htm
 



 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) March 30, 2010

_________________

 
CHINA ARMCO METALS, INC.
(Exact name of registrant as specified in its charter)

 
 
NEVADA
001-34631
26-0491904
     
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
One Waters Park Drive, Suite 98 San Mateo, California
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code (650) 212-7620 
 
 not applicable
(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 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.


On March 30, 2010 China Armco Metals, Inc.'s (the “Company”) Board of Directors amended its Bylaws to reduce the quorum requirements for a meeting of stockholders from a majority of the shares entitled to vote at any meeting to 33 ⅓% pursuant to the authority granted to it under the Bylaws.  This change is in keeping with the minimum quorum requirements of the NYSE Amex LLC where the Company’s common stock is listed.


Item 7.01
Regulation FD Disclosure.

On March 31, 2010, the Company issued a press release to announce its earnings forecast for the year ended December 31, 2010.  A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.
  
The information furnished with this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
 

Item 9.01               
FINANCIAL STATEMENTS AND EXHIBITS
 

 
(d)           Exhibits
 
3.3           Amendment to Bylaws dated March 30, 2010.
99.1         Press Release of China Armco Metals, Inc. dated April 1, 2010 (furnished herewith).


 
- 1 -

 


 
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.
 

       
CHINA ARMCO METALS, INC.
         
Date: April 1, 2010
     
/s/ Kexuan Yao
       
Kexuan Yao
Chairman, President and Chief Executive Officer




 
- 2 -

 

EX-3.3 2 cnamex3-3.htm AMENDMENT TO BYLAWS DATED MARCH 30, 2010. cnamex3-3.htm
 



Exhibit 3.3
Amendment to Bylaws of
China Armco Metals, Inc.

By resolution of the Board of Directors of China Armco Metals, Inc. (the “Corporation”) on March 30, 2010, Article II Stockholders - Section 2.09 - Vote Required was deleted in its entirety and substituted with the following:

Section 2.09 Vote Required.  When a quorum is present at any meeting, the vote of the holders of stock having at least thirty-three and one-third percent (33 ⅓%) of the voting power present in person or represented by proxy shall decide any question brought before such meeting, unless the question is one on which by express provision of the statutes of the state of Nevada or of the articles of incorporation a different vote is required, in which case such express provision shall govern and control the decision of such question.

Dated: March 30, 2010

/s/Kexuan Yao________________________
Kexuan Yao, Chairman of the Board of Directors

EX-99.1 3 cnamex99-1.htm PRESS RELEASE OF CHINA ARMCO METALS, INC. DATED APRIL 1, 2010 cnamex99-1.htm
 


 
Exhibit 99.1

China Armco Metals Provides Financial Outlook for 2010

Sees Strong Growth in 2010 for both Scrap Metal Recycling and Ore Distribution Businesses

SAN MATEO, CA--(MARKET WIRE)—April 1, 2010 -- China Armco Metals, Inc. (AMEX CNAM - News),  a distributor of imported metal ore and growing scrap metal recycler, today announced its financial outlook for its 2010 year ending December 31, 2010.

As a result of continued strong demand in its distribution business coupled with the anticipated ramp up in production at its newly operational scrap metal recycling facility, management sees a significant improvement in operating performance resulting in revenues for the full year of 2010 exceeding $220 million with net income exceeding $12 million.  Managements sees its metal recycling operations being the largest driver of that growth beginning in the second quarter of 2010 and progressively accelerating in the second half of 2010.  Management believes overall performance from its distribution business will also benefit from its recent sourcing contract of Brazilian manganese ore for distribution in China.

Kexuan Yao, China Armco’s Chairman and CEO stated “We see the positive momentum in our distribution business continuing in 2010 as we look to expand our sourcing capabilities.  Additionally, as we commence operations at our scrap metal recycling facility we see record operational performance beginning in the second quarter being sustainable for the foreseeable future.  We look forward to delivering exceptional performance in 2010 for our company and its shareholders.”

About China Armco Metals, Inc.
 
China Armco Metals, Inc. is engaged in the sale and distribution of metal ore and non-ferrous metals throughout the PRC and has entered the recycling business with the recent launch of operations of a 1-million ton per year shredder and recycler of metals located on 32 acres of land acquired by China Armco.  China Armco maintains customers throughout China which includes the fastest growing steel producing mills and foundries in the PRC. Raw materials are supplied from global suppliers in India, Hong Kong, Nigeria, Brazil, Turkey, and the Philippines. China Armco's product lines include ferrous and non-ferrous ore, iron ore, chrome ore, nickel ore, magnesium, copper ore, manganese ore and steel billet. The recycling facility is expected to be capable of recycling one million metric tons of scrap metal per year which will position China Armco as one of the 10 largest recyclers of scrap metal in China. China Armco estimates the recycled metal market as 70 million metric tons.
 
Safe Harbor Statement
 
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, China Armco Metals, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our guidance and expectations regarding revenues, net income and earnings. In addition, any such statements are qualified in their entirety by reference to, and are accompanied by, the following key factors that have a direct bearing on our results of operations:
 
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the year ended December 31, 2009.
 
Contact:

Gary Liu
U.S. Representative
954.363.7333 ext. 318



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