0001213900-19-003309.txt : 20190228
0001213900-19-003309.hdr.sgml : 20190228
20190228144636
ACCESSION NUMBER: 0001213900-19-003309
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190227
FILED AS OF DATE: 20190228
DATE AS OF CHANGE: 20190228
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Coates George J.
CENTRAL INDEX KEY: 0001160170
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-33155
FILM NUMBER: 19642468
MAIL ADDRESS:
STREET 1: 1811 MURRAY DRIVE
CITY: WALL TOWNSHIP
STATE: NJ
ZIP: 07719
FORMER NAME:
FORMER CONFORMED NAME: COATES GEROGE J
DATE OF NAME CHANGE: 20010926
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: COATES INTERNATIONAL LTD
CENTRAL INDEX KEY: 0000948426
STANDARD INDUSTRIAL CLASSIFICATION: ENGINES & TURBINES [3510]
IRS NUMBER: 222925432
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: HIGHWAY 34 & RIDGEWOOD RD
CITY: WALL TOWNSHIP
STATE: NJ
ZIP: 07719
BUSINESS PHONE: 9084497717
MAIL ADDRESS:
STREET 1: HIGHWAY 34 & RIDGWOOD ROAD
CITY: WALL TOWNSHIP
STATE: NJ
ZIP: 07719
FORMER COMPANY:
FORMER CONFORMED NAME: COATES INTERNATIONAL LTD \DE\
DATE OF NAME CHANGE: 19950724
4
1
doc4.xml
PRIMARY DOCUMENT
X0306
4
2019-02-27
false
0000948426
COATES INTERNATIONAL LTD
COTE
0001160170
Coates George J.
1811 MURRAY DRIVE
WALL TOWNSHIP
NJ
07719
true
true
true
false
President and CEO
Series A Preferred Stock
2019-02-27
5
A
false
638500.0000
0.0000
A
654120.0000
D
Series B Preferred Stock
0.0000
2019-02-27
5
A
false
900000.0000
0.0000
A
2021-02-28
Common Stock
900000000.0000
13607975.0000
D
Series B Preferred Stock
0.0000
2019-02-27
5
A
false
900000.0000
0.0000
A
2021-02-28
Common Stock
900000000.0000
14507975.0000
D
Series B Preferred Stock
0.0000
2019-02-27
5
A
false
361021.0000
0.0000
A
2021-02-28
Common Stock
361021000.0000
14868996.0000
D
There is no expiration date.
Each share of Series B entitles the holder to 1,000 votes at any meeting where corporate matters are brought before the shareholders for a vote. The Series B is restricted, unregistered stock which is not convertible until the second annual anniversary after the date of issue, after which each share is freely convertible into 1,000 restricted, unregistered shares of common stock. In the event of a sale or change of control of the Corporation, the Series B shall become immediately convertible. The anti-dilution award of Series B Convertible Preferred Stock to Mr. Coates was determined to be the number of shares of Series B required to restore Mr. Coates' ownership percentage of outstanding common stock on a pro forma basis to 80.1%, assuming all of the Series B shares were converted into common stock.
Each issuance of new shares of common stock dilutes the voting rights percentage of George J. Coates. The board of directors has adopted a resolution authorizing the issuance of shares of Series A Preferred Stock from time-to-time , on an ongoing basis as needed, to restore his voting rights percentage to 85.7%..Each share of Series A Preferred Stock entitles the holder to 10,000 votes per share on all matters brought before the shareholders for a vote. These shares are not entitled to any dividends and have no liquidation value.
/s/ George J. Coates
2019-02-28