-----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, HkId6TONE4+HABojnICFQUCiWx5X8DrnSmAPTGkcotL4w/+yv3m+tlvDSH3MXYIR g6c4M5BU7HuZkU5F3B2Xrw== 0001050502-00-000197.txt : 20000218 0001050502-00-000197.hdr.sgml : 20000218 ACCESSION NUMBER: 0001050502-00-000197 CONFORMED SUBMISSION TYPE: DEFS14A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000229 FILED AS OF DATE: 20000217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: E-NET COM CORP CENTRAL INDEX KEY: 0000926844 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 841273503 STATE OF INCORPORATION: NV FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: DEFS14A SEC ACT: SEC FILE NUMBER: 000-24512 FILM NUMBER: 547907 BUSINESS ADDRESS: STREET 1: 2102 BUSINESS CENTER DRIVE STREET 2: #115E CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 9492534633 MAIL ADDRESS: STREET 1: 2102 BUSINESS CENTER DRIVE STREET 2: 115E CITY: IRVINE STATE: CA ZIP: 92612 FORMER COMPANY: FORMER CONFORMED NAME: E NET FINANCIAL CORP DATE OF NAME CHANGE: 19990920 FORMER COMPANY: FORMER CONFORMED NAME: E NET CORP/NV DATE OF NAME CHANGE: 19990513 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH CONSOLIDATION GROUP INC DATE OF NAME CHANGE: 19970624 DEFS14A 1 FORM DEFS14A e-Net Financial.Com Corporation PROXY STATEMENT INFORMATION CONCERNING SOLICITATION AND VOTING General The enclosed Proxy is solicited on behalf of e-Net Financial.Com Corporation ("e-Net" or the "Company") for use at a Special Meeting of Stockholders ("Special Meeting") to be held Tuesday, February 29, 2000, at 3:30 p.m., local time, and at any adjournment(s) or postponement(s) thereof, for the purposes set forth herein and in the accompanying Notice of Special Meeting of Stockholders. The Special Meeting will be held at the Costa Mesa Marriott Suites Hotel, 500 Anton Blvd., Costa Mesa, California. The Company's principal executive offices are located at 2102 Business Center Drive, Suite 115E, Irvine, California 92612 and its main telephone number is (949) 253-4633. These proxy solicitation materials were mailed on or about February 18, 2000, to all stockholders entitled to vote at the Special Meeting. Record Date and Outstanding Shares Stockholders of record at the close of business on January 29, 2000 (the "Record Date"), are entitled to notice of and to vote at the Special Meeting. At the Record Date, 10,221,537 shares of the Company's $0.001 par value Common Stock ("Common Stock"), were outstanding. The closing price on OTB-BB for the Common Stock on the Record Date, as reported by Yahoo on the Internet, was $11.00 per share. The Company was aware of the following beneficial owners of more than 5% of its Common Stock as of the Record Date: Number of Percentage Name and Address Shares of Class(2) - ---------------- ------ ----------- H-Group LLC (1) 4,000,000 39.1% 3200 Bristol Street Costa Mesa, CA 92626 Michael Roth (1) 4,000,000 39.1%(1) 2102 Business Center Dr., Suite 115E Irvine, CA 92612 E. G. Marchi 827,000 8.1% 2102 Business Center Dr., Suite 115E Irvine, CA 92612 Miller Johnson & Kuehn 600,000 5.9% 12720 Hillcrest Rd Dallas TX 75230 - -------------------------------------------------------------------------------- 1. Michael Roth is the beneficial owner of 100% of the stock of H-Group LLC. 2. Based upon 10,221,537 shares outstanding. Revocability of Proxies Any proxy given pursuant to this solicitation may be revoked by the person giving it at any time before its use by delivering to the Company before the Special Meeting a written notice of revocation or a duly executed proxy bearing a later date, or by attending the Special Meeting and voting in person. Voting and Solicitation On all matters each share has one vote. The cost of soliciting proxies will be borne by the Company. Proxies may be solicited by certain of the Company's directors, officers and regular employees, without additional compensation, personally or by telephone or telegram. PROPOSAL 1 Approval of Amendment to Restated Articles of Incorporation General Shareholders are being asked to approve a Certificate of Amendment to the Company's Restated Articles of Incorporation (the "Articles") to increase the authorized number of shares of common stock from 20,000,000 to 100,000,000. The Board authorized the amendment on January 27, 1999. The full text of the amendment is set forth below in Exhibit 1. The Articles currently provide that the Company is authorized to issue two classes of stock, consisting of twenty million (20,000,000) shares of Common Stock and one million (1,000,000) shares of Preferred Stock. On January 31, 2000, 10,221,537 of Common Stock were issued and outstanding. The remaining shares of authorized but unissued stock are not reserved for any specific use and are available for future issuance. Purpose and Effect of Amendment The proposed amendment will authorize sufficient additional shares of Common Stock to provide the Company the flexibility to make such issuances as may be necessary in order for the Company to complete acquisitions or other corporate transactions and to issue shares in connection with the Company's stock option, stock purchase and other employee benefit plans. The proposed amendment to the Articles, authorizing an additional eighty million (80,000,000) shares of Common Stock would facilitate the Company's ability to accomplish these goals and other business and financial objectives in the future without the necessity of delaying such activities for future shareholder approval except as may be required in particular cases by the Company's charter documents, applicable law, or the rules of any stock exchange or other system on which the Company's securities may be listed. Future issuances of additional shares of Common Stock or securities convertible into Common Stock, whether pursuant to an acquisition or other corporate transaction, would have the effect of diluting earnings per share and book value per share of existing shareholders. The availability for issuance of additional shares of Common Stock could discourage or make more difficult efforts to obtain control of the Company. Amendment to Restated Articles If approved, Section A of Article V of the Restated Articles of Incorporation would be amended and restated as follows: A. This Corporation is authorized to issue two (2) classes of shares which shall be designated as Common Shares" and "Preferred Shares." The aggregate number of these shares which the corporation shall have the authority to issue is as follows: 1. 100,000,000 Common Shares, par value $0.001 2. 1,000,000 Preferred Shares, no par value. Vote Required The affirmative vote of a majority of the outstanding voting shares of the Company, together with the affirmative vote of a majority of the required quorum, is required for approval of the proposed Certificate of Amendment to the Company's Restated Articles of Incorporation, at the February 29, 2000 Special Meeting of Shareholders. Each share may vote once either yes or no. Votes withheld and broker non-votes will be counted for purposes of determining the presence or absence of a quorum but have no other effect under Nevada law in the tabulation of votes. Recommendation of the Board of Directors The Board of Directors believes that the amendment of the Articles is necessary to provide the Company agility and flexibility over the upcoming years. The Board of Directors recommends that the shareholders vote FOR the approval of a Certificate of Amendment to the Company's Restated Articles of Incorporation. PROPOSAL 2 3:2 STOCK SPLIT General Shareholders are being asked to approve a three for two (3:2) forward split of the Company's Common Stock. The effective date of the proposed stock split will be set by the Board of Directors, not later than 30 days from the date of the Special Meeting of Shareholders on February 29, 2000. On January 31, 2000, 10,221,537 of Common Stock were issued and outstanding. If approved this proposal will increase this number to 15,332,305.5 shares. Purpose and Effect of Amendment The proposed amendment will keep e-Net Common in a price range should maintain a more orderly and stable market. The Board feels that this is in the best interest of its shareholders Vote Required The affirmative vote of a majority of the outstanding voting shares of the Company, together with the affirmative vote of a majority of the required quorum, is required for approval of the proposed Certificate of Amendment to the Company's Restated Articles of Incorporation, at the February 29, 2000 Special Meeting of Shareholders. Each share may vote once either yes or no. Votes withheld and broker non-votes will be counted for purposes of determining the presence or absence of a quorum but have no other effect under Nevada law in the tabulation of votes. Recommendation of the Board of Directors Due to increasing demand in the marketplace for shares of e-Net Financial.Com Corporation, the Board of Directors feels that it would be in the best interest of its shareholders to provide them the benefit of holding additional shares. The Board of Directors recommends that the shareholders vote FOR the 3:2 forward split of Common Stock. OTHER MATTERS The Company knows of no other matters to be submitted to the Special Meeting. If any other matters properly come before the Special Meeting, it is the intention of the persons named in the enclosed form of Proxy to vote the shares they represent as the Board of Directors may recommend. Only stockholders of record at the close of business on January 29, 2000 are entitled to notice of and to vote at the Special Meeting. All stockholders are cordially invited to attend the meeting in person. However, to ensure your representation at the meeting, you are urged to mark, sign and return the enclosed Proxy as promptly as possible in the postage-prepaid envelope enclosed for that purpose. Any stockholder attending the meeting may vote in person, even though he or she has returned a Proxy. Jean Oliver Secretary Irvine, California February 10, 2000 Exhibits Exhibit 1 - Proposed Certificate of Amendment to Company's Restated Articles of Incorporation e-Net Financial.Com Corporation This proxy is solicited by the Board of Directors for the Special Meeting of Stockholders--February 29, 2000 The undersigned hereby appoints Michael Roth, President of e-Net Financial.Com Corporation, to vote for and on behalf of the undersigned at the Special Meeting of Stockholders of the Company to be held on February 29, 2000, and any adjournment thereof, upon matters properly coming before the meeting, as set forth in the Notice of Meeting and Proxy Statement, both of which have been received by the undersigned and upon all such other matters that may properly be brought before the meeting, as to which the undersigned hereby confers discretionary authority to vote upon said proxies. Without otherwise limiting the general authorization given hereby, said individual and proxies are instructed to vote as follows: (THIS PROXY CARD CONTINUES AND MUST BE SIGNED ON THE RESERVE SIDE) This proxy when properly executed will be voted in the manner directed herein. If no direction is made, this proxy will be voted FOR the items specified below. - -------------------------------------------------------------------------------- 1. Amendment to the Articles of THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR Incorporation increasing THE AMENDMENT TO THE ARTICLES OF authorized shares of Common INCORPORATION. Stock from 20,000,000 to 100,000,000. FOR [ ] AGAINST [ ] ABSTAIN [ ] - -------------------------------------------------------------------------------- 2. 3:2 forward split of Common THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR Stock, effective date to be THIS 3:2 SPLIT OF THE COMMON STOCK. determined by the Board of directors, but not later than 30 days from the date of this Special Meeting. FOR [ ] AGAINST [ ] ABSTAIN [ ] - -------------------------------------------------------------------------------- Dated: , 1999 --------------------------- -------------------------------------- (signed) -------------------------------------- (signed) Please sign exactly as your name appears below. Give full title if an Attorney, Executor, Administrator, Trustee, Guardian, etc. For an account in the name of two or more persons, each should sign. If a Corporation, please sign in full corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. PLEASE SIGN THIS PROXY AND RETURN IT PROMPTLY WHETHER OR NOT YOU EXPECT TO ATTEND THIS MEETING. YOU MAY NEVERTHELESS VOTE IN PERSON IF YOU DO ATTEND. EX-1 2 EXHIBIT 1 Dean Heller STATE OF NEVADA Telephone 702.687.5203 Secretary of State OFFICE OF THE SECRETARY OF STATE Fax 702.687.3471 101 N. CARSON ST., STE. 3 Web site: CARSON CITY, NEVADA 89701-4786 http://sos.state.nv.us Filing Fee: Certificate of Amendment to Articles of Incorporation For Profit Nevada Corporations (Pursuant to NRS 78.385 and 78.390 - After Issuance of Stock) - Remit in Duplicate - 1. Name of corporation: e-Net Financial.Com Corporation 2. The articles have been amended as follows (provide article numbers, if available): Article V Authorized Shares A. This corporation is authorized to issue two (2) classes of shares which shall be designated as "Common Shares" and "Preferred Shares". The aggregate number of these shares which the corporation shall have the authority to issue is as follows: 1. 100,000,000 Common Shares, par value $.001 2. 1,000,000 Preferred Shares, no par value 3. Sales to Officers and Employees This section omitted 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 provisions of the articles of incorporation have voted in favor of the amendment is: _____________.* 4. Signatures: _____________________________ ____________________________ President or Vice President Secretary or Asst. Secretary (acknowledgement required) (acknowledgement required) State of: ___________________ County of: __________________ This instrument was acknowledged before me on ___________________, 19__, by _________________ (Name of Person) as _______________________ as designated to sign this certificate of ____________________________ (name on behalf of whom instrument was executed) ___________________________ Notary Public Signature * 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 remit the proper fees may cause this filing to be rejected. -----END PRIVACY-ENHANCED MESSAGE-----