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):
July 25, 2017
PARK CITY GROUP, INC.
(Exact name of Registrant as specified in its Charter)
Nevada
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001-34941
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37-1454128
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(State
or other jurisdiction
of
incorporation)
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(Commission
File No.)
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(IRS
Employer
Identification
No.)
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299 South Main
Street, Suite 2225, Salt Lake City, Utah 84111
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(Address
of principal executive offices)
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(435)
645-2000
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(Registrant’s
Telephone Number)
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Not
Applicable
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(Former
name or address, if changed since last report)
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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):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
☐
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item 3.03 Material Modification to Rights of Security
Holders.
On July
25, 2017, Park City Group, Inc. (the “
Company
”) received confirmation
that Amendment No. 1 to the First Amended and Restated Certificate
of Designation of the Relative Rights, Powers and Preferences of
the Series B-1 Preferred Stock (the “
B-1 Amendment
”) was filed with
the Nevada Secretary of State, effective July 21, 2017. The B-1
Amendment increases the number of shares of the Company’s
preferred stock, par value $0.01 per share, designated as Series
B-1 Preferred Stock from 400,000 to 550,000 shares.
A copy
of the B-1 Amendment is attached hereto as Exhibit 4.1, and is
incorporated by reference herein. The foregoing description of the
B-1 Amendment does not purport to be complete, and is qualified in
its entirety by reference to Exhibit 4.1.
Item 9.01 Financial Statements and Exhibits.
See
Exhibit Index.
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.
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PARK CITY GROUP, INC.
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Date:
July 28, 2017
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By:
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/s/
Edward L. Clissold
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Edward
L. Clissold
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General
Counsel, Secretary
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EXHIBIT INDEX
Exhibit Number
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Description
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4.1
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Amendment
No. 1 to the First Amended and Restated Certificate of Designation
of the Relative Rights, Powers and Preferences of the Series B-1
Preferred Stock of Park City Group, Inc.
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Exhibit 4.1
AMENDMENT NO. 1
TO THE
FIRST AMENDED AND RESTATED CERTIFICATE OF DESIGNATION
OF THE RELATIVE RIGHTS, POWERS AND PREFERENCES
OF THE SERIES B-1 PREFERRED STOCK
OF
PARK CITY GROUP, INC.,
A Nevada corporation
Pursuant to Section 78.1955 of the
Nevada Revised Statutes
On behalf of Park City Group, Inc., a Nevada
corporation (the “
Company
”), in
accordance with the
provisions of the Nevada Revised Statutes (the
“
NRS
”),
the Company's Board of Directors and the holders of 100% of the
issued and outstanding shares of Company’s Series B-1
Preferred Stock (the “
Series
B-1 Preferred
”) have duly
approved and adopted the following resolution amending the
Certificate of Designation of the Relative Rights, Powers and
Preferences of the Series B-1 Preferred Stock (the
“
Certificate
of Designation
”):
RESOLVED
, that, pursuant to the authority granted to and
vested in the Board by the provisions of the Articles of
Incorporation of the Company, as amended (the
“
Articles of
Incorporation
”):
1.
The
second paragraph of the Certificate of Incorporation shall be
deleted in its entirety and replaced with the
following:
“By resolution, the Board of Directors of
the Corporation has established, designated and fixed the terms,
preferences, limitations and relative rights of up to five hundred
fifty thousand (550,000) shares of the authorized and unissued
preferred stock of the Corporation, par value $0.01 per share, as
“Series B-1 Preferred Stock” (the
“
Series B-1 Preferred
Stock
”) with the
following rights, preferences, powers, privileges and restrictions,
qualifications and limitations:”
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
IN WITNESS
WHEREOF
, the undersigned have
duly signed this Amendment No. 1 to the Certificate of Designation
as of this 20th day of July, 2017.
Park City Group, Inc.
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/s/
Edward L. Clissold
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By:
Edward L. Clissold
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Title: Corporate
Secretary and General Counsel
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