UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington , D.C. 20549
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 13, 2015
SUNVALLEY SOLAR, INC.
(Exact name of registrant as specified in its charter)
Nevada 333-150692 20-8415633
(State of (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
398 Lemon Creek Dr., Suite A, Walnut, CA 91789
(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code
(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:
[ ] 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))
Section 5 Corporate Governance and Management
Item 5.03 Amendments to Articles of Incorporation or Bylaws
On June 19 and June 22, 2015, the Board of Directors of Sunvalley Solar, Inc., a Nevada corporation (the Company ) approved a 1 for 20 reverse stock split of our issued and outstanding shares of Common Stock, with a resulting decrease in the number of our authorized shares of Common Stock from 90,000,000 shares to 4,500,000 shares. Any fractional shares of our Common Stock resulting from the reverse stock split will be rounded up to the nearest whole share. The new CUSIP number for our Common Stock following the reverse stock split will be 86802Y 302.
The reverse stock split and the resulting decrease in the number of our authorized shares of Common Stock are to become effective on July 13, 2015 at 5:00 p.m. Eastern Time, provided that Finra first clears the proposed reverse stock split.
The reverse stock split of our Common Stock will not affect the number of issued and outstanding shares of our Class A Convertible Preferred Stock. However, it will affect the conversion rate or ratio of our Class A Convertible Preferred Stock. Prior to the reverse stock split taking effect, the conversion rate is one (1) share of Class A Convertible Preferred Stock is convertible to one (1) share of our Common Stock. Following the reverse stock split, the conversion rate shall be twenty (20) shares of our Class A Convertible Preferred Stock shall be convertible to one (1) share of our Common Stock.
The reverse stock split and the decrease in the number of our authorized shares of Common Stock are described in a Certificate of Change Pursuant to NRS Section 78.209 which was filed with the Nevada Secretary of State s office on June 22, 2015, a copy of which is attached hereto as Exhibit No. 3.1.
Section 9 Financial Statements and Exhibits
Item 5.03 Financial Statements and Exhibits
The exhibit listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K.
Certificate of Change Pursuant to NRS Section 78.209
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.
SUNVALLEY SOLAR, INC.
Date: July 8, 2015
By:_ /s/ Zhijian (James) Zhang ____________
Zhijian (James) Zhang
Chief Executive Officer and
BARBARA K. CEGAVSKE
Secretary of State
202 North Carson Street
Carson City, Nevada 89701-4201
Certificate of Change Pursuant
to NRS 78.209
USE BLACK INK ONLY DO NOT HIGHLIGHT
ABOVE SPACE IS FOR OFFICE USE ONLY
Certificate of Change filed Pursuant to NRS 78.209
For Nevada Profit Corporations
Name of corporation:
Sunvalley Solar, Inc.
The board of directors have adopted a resolution pursuant to NRS 78.209 and have obtained any required approval of the stockholders.
The current number of authorized shares and the par value, if any, of each class or series, if any, of shares before the change:
90,000,000 shares of Common Stock, par value $0.001 per share
1,000,000 shares of Preferred Stock, par value $0.001 per share
The number of authorized shares and the par value, if any, of each class or series, if any, of shares after the change:
4,500,000 shares of Common Stock, par value $0.001 per share 1,000,000 shares of Preferred Stock, par value $0.001 per share
The number of shares of each affected class or series, if any, to be issued after the change in exchange for each issued share of the same class or series:
4,357,849 shares of Common Stock, par value $0.001 per share
Preferred Shares are not affected by the change. 1,000,000 Class A Preferred Shares will be outstanding.
The provisions, if any, for the issuance of fractional shares, or for the payment of money or the issuance of script to stockholders otherwise entitled to a fraction of a share and the percentage of outstanding shares affected thereby:
Any fractional shares of Common Stock will be rounded up to the nearest whole share.
Effective date and time of filing: (optional)
Date: July 13, 2015
Time: 5:00 p.m. Eastern Time
X /s/ Zhijian (James) Zhang
Signature of Officer
IMPORTANT: Failure to include any of the above information and submit with the proper fees may cause this filing to be rejected.
This form must be accompanied by appropriate fees.
Nevada Secretary of State Stock Split