Under the Certificate of Designation of the Relative Rights and Preferences of the 10% Cumulative Perpetual Series B Preferred Stock (the "Certificate of Designation"), the Company may, upon no less than 30, but no more than 60 days written notice, redeem issued and outstanding shares of its 10% Cumulative Perpetual Series B Preferred Stock ("Series B Preferred") for $10,000.00 per share, plus all accrued dividends, less any applicable tax withholding as may be required by law.
On August 30, 2013, the Company mailed a notice of redemption (the "Redemption Notice") to all holders of Series B Preferred, notifying each holder of the Company's intention to redeem all issued and outstanding shares of Series B Preferred on September 30, 2013. As of August 30, 2013, there were 103.3 shares of Series B Preferred issued and outstanding. A copy of the Redemption Notice is attached to this Current Report on Form 8-K as Exhibit 99.1.
See Exhibit Index.
The foregoing description of the Redemption Notice does not purport to be complete, and is qualified in its entirety by reference to the full text of the Redemption Notice, attached hereto as Exhibit 99.1, and is incorporated by reference herein.
Bond Laboratories, Inc. |
By: | /s/ Michael Abrams |
Name: Michael Abrams | |
Title: Chief Financial Officer |
Exhibit No.
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Description
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EX-99.1
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Series B Redemption Notice
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