UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): June 13, 2018
PACIFIC VENTURES GROUP, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 000-54584 | 75-2100622 | ||
|
(State
or other jurisdiction
of incorporation) |
(Commission File Number) |
(I.R.S.
Employer
Identification No.) |
117 West 9th Street, Suite 316
Los Angeles, CA 90015
(Address of principal executive offices) (Zip Code)
(310) 392-5606
(Registrant’s telephone number, including area code)
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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
DIVIDEND POLICY. On June 13, 2018, the Company’s Board of Directors declared a stock dividend of one (1) Common Stock share for every one hundred (100) Common Stock shares owned. The dividend will be payable to stockholders of record as of July 2, 2018. The Company has not paid and do not plan to pay cash dividends at this time or anytime soon. The Company’s Board of Directors will decide on any future payment of dividends, depending on the Company’s results of operations, financial condition, capital requirements, and any other relevant factors. However, the Company expects to use any future earnings for operations and in the business.
Item 9.01 Financial Statements and Exhibits.
| Exhibit Number | Description | |
| 99.1 | Press Release issued by the Company on June 15, 2018 |
| - 1 - |
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.
| PACIFIC VENTURES GROUP, INC. | ||
| Dated: June 15, 2018 | By: | /s/ Shannon Masjedi |
| Name: | Shannon Masjedi | |
| Title: | President, Chief Executive Officer and | |
| Interim Chief Financial Officer | ||
| - 2 - |
Exhibit 99.1
Pacific Ventures Group, Inc. Announces Stock Dividend
LOS ANGELES, CA, June 15, 2018 -- Pacific Ventures Group, Inc. (OTC: PACV), a food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, is pleased to announce a stock dividend for shareholders of its common stock. Holders of 100 shares or more will receive one share for every one hundred held. There is no provision for any fractional interest below 100 shares.
Shareholders holding the required number of shares on Monday, July 2, 2018, will receive the dividend from the Company.
Pacific Ventures Group, Inc. : A food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, is a publicly-traded company based in Los Angeles, California. For more information on PACV, please visit www.pacvgroup.com .
Forward-Looking Statement. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Contact: Paul Knopick, E & E Communications
940.262.3584
pknopick@eandecommunications.com