ITEM 5. OTHER EVENTS
AMENDMENT TO OUR ARTICLES OF INCORPORATION TO EFFECT A REVERSE SPLIT OF OUR
COMMON STOCK
In accordance with Florida law, the Board of Directors has
unanimously voted to amend our Articles of Incorporation to effect a reverse
split of all outstanding shares of our common stock at an exchange ratio of
one-for-eight, effective as of the close of business on July 29, 2002. Under
Florida Statute Section 607.10025, as amended, no shareholder approval is
required.
No fractional shares will be issued in connection with the reverse
stock split. Instead, any fractional share resulting from the reverse stock
split will be rounded up to the nearest whole share. Shareholders who otherwise
would be entitled to receive fractional shares because they hold a number of
shares not evenly divisible by the exchange ratio will instead receive a whole
share upon surrender to the exchange agent of the certificates and a properly
completed and executed letter of transmittal.
As a result of the reverse stock split, the number of issued,
outstanding and authorized shares of common stock will be reduced in accordance
with the exchange ratio for the reverse stock split. Our common stock will
continue to have no par value per share.
Once effective, each certificate representing shares of our common
stock before the reverse stock split will be deemed, for all corporate purposes,
to evidence ownership of the reduced number of shares of common stock resulting
from the reverse stock split, except that holders of un-exchanged shares will
not be entitled to receive any dividends or other distributions payable by us
after the effective date until they surrender their old stock certificates for
exchange. All of our convertible securities, including options, warrants,
convertible debt instruments and other securities will also be automatically
adjusted as of the effective date.
Our transfer agent, American Stock Transfer & Trust Company, 59
Maiden Lane, New York, New York, 10038, will act as the exchange agent for
purposes of implementing the exchange of stock certificates. As soon as
practicable after the effective date, shareholders and holders of securities
convertible into our common stock will be notified of the effectiveness of the
reverse split. Shareholders of record will receive a letter of transmittal
requesting them to surrender their stock certificates for stock certificates
reflecting the adjusted number of shares as a result of the reverse stock split.
Persons who hold their shares in brokerage accounts or "street name" will not be
required to take any further actions to effect the exchange of their
certificates. No new certificates will be issued to a shareholder until the
shareholder has surrendered the shareholder's outstanding certificate(s)
together with the properly completed and executed letter of transmittal to the
exchange agent. Until surrender, each certificate representing shares before the
reverse stock split will continue to be valid and will represent the adjusted
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number of shares based on the exchange ratio of the reverse stock split, rounded
up to the nearest whole share. Shareholders should not destroy any stock
certificate and should not submit any certificates until they receive a letter
of transmittal.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Exhibits
1. Fourth Amendment to the Amended and Restated Articles of
Incorporation of 1-800-ATTORNEY, Inc.
SIGNATURES
Pursuant to requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf on July 29, 2002 by the
undersigned, hereunto duly authorized.
1-800-ATTORNEY, INC.
/s/ James M. Koller
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Chief Financial Officer (Principal
Financial and Accounting Officer)
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