Quality Industrial Corp. 8-K: Corporate Charter Amendments & Fiscal Year Change
Ticker: QIND · Form: 8-K · Filed: Feb 9, 2024 · CIK: 1393781
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, amendments, fiscal-year-change, administrative
TL;DR
**Quality Industrial Corp. just filed an 8-K about changes to its corporate rules and fiscal year, details to follow.**
AI Summary
Quality Industrial Corp. filed an 8-K on February 9, 2024, reporting an event that occurred on February 8, 2024, related to amendments to its Articles of Incorporation or Bylaws and changes in its fiscal year. This filing updates the company's official information with the SEC, including its business address at 315 Montgomery Street, San Francisco, CA 94104, and its phone number (800) 706-0806. For investors, this matters because changes to foundational corporate documents can impact shareholder rights or the company's operational structure, though the specific details of the amendments are not provided in this summary filing.
Why It Matters
This filing indicates potential changes to Quality Industrial Corp.'s corporate governance or financial reporting calendar, which could affect how investors analyze the company's performance and future prospects.
Risk Assessment
Risk Level: low — This filing is primarily administrative, reporting changes to corporate documents and fiscal year, without immediate indication of financial distress or major operational shifts.
Analyst Insight
Investors should monitor future filings from Quality Industrial Corp. for specific details on the amendments to its Articles of Incorporation or Bylaws, as these could impact shareholder rights or corporate governance. Understanding the new fiscal year will be crucial for tracking financial performance.
Key Numbers
- 2024-02-08 — Date of earliest event reported (The date the corporate changes occurred.)
- 2024-02-09 — Filed as of date (The date the 8-K filing was submitted to the SEC.)
- 0001393781 — Central Index Key (CIK) (Unique identifier for Quality Industrial Corp. with the SEC.)
- 000-56239 — Commission File Number (The SEC file number for Quality Industrial Corp.)
- 800-706-0806 — Business Phone Number (Contact number for Quality Industrial Corp.)
Key Players & Entities
- Quality Industrial Corp. (company) — the registrant filing the 8-K
- Nevada (company) — state of incorporation for Quality Industrial Corp.
- 000-56239 (dollar_amount) — Commission File Number
- 35-2675388 (dollar_amount) — I.R.S. Employer Identification No.
- 315 Montgomery Street (company) — business address of Quality Industrial Corp.
- San Francisco (company) — city of Quality Industrial Corp.'s business address
- CA (company) — state of Quality Industrial Corp.'s business address
- 94104 (dollar_amount) — zip code of Quality Industrial Corp.'s business address
- 800-706-0806 (dollar_amount) — telephone number of Quality Industrial Corp.
- WIKISOFT CORP. (company) — former name of Quality Industrial Corp.
Forward-Looking Statements
- Quality Industrial Corp. will provide more detailed information regarding the amendments to its Articles of Incorporation or Bylaws in a subsequent filing or public statement. (Quality Industrial Corp.) — medium confidence, target: 2024-03-31
- The change in fiscal year will lead to a different reporting schedule for Quality Industrial Corp.'s financial results. (Quality Industrial Corp.) — high confidence, target: 2024-12-31
FAQ
What specific items did Quality Industrial Corp. report in this 8-K filing?
Quality Industrial Corp. reported 'Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year' and 'Financial Statements and Exhibits' under Item Information, with the earliest event reported on February 8, 2024.
What is the current business address and phone number of Quality Industrial Corp. as stated in the filing?
The current business address is 315 Montgomery Street, San Francisco, CA 94104, and the telephone number is (800) 706-0806.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 8, 2024.
What was Quality Industrial Corp.'s former name before WIKISOFT CORP.?
Before WIKISOFT CORP., Quality Industrial Corp. was formerly known as POWER PLAY DEVELOPMENT CORP, with a name change date of 20070320.
Is Quality Industrial Corp. an emerging growth company according to this filing?
The filing indicates a checkbox for 'emerging growth company' but does not explicitly state whether it is checked or unchecked, only providing the prompt '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: ... Indicate by check mark whether the registrant is an emerging growth company as defined in Rule'.
Filing Stats: 524 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-02-09 06:07:10
Filing Documents
- ea193298-8k_quality.htm (8-K) — 24KB
- 0001213900-24-011789.txt ( ) — 190KB
- qind-20240208.xsd (EX-101.SCH) — 3KB
- qind-20240208_lab.xml (EX-101.LAB) — 33KB
- qind-20240208_pre.xml (EX-101.PRE) — 22KB
- ea193298-8k_quality_htm.xml (XML) — 3KB
03. Amendments to Articles of Incorporation or Bylaws; Change
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On February 8, 2024, the board of directors (the "Board") of the Quality Industrial Corp. (the "Company"), approved a reversal and change in fiscal year end of the Company from June 30 to December 31. The Board's original decision to change the fiscal year end was related to the Company's intent to uplist to the NYSE American. The subsequent reversal is to align the fiscal year and audit process with its parent company Ilustrato Pictures International Inc. "ILUS". The reversal of the fiscal year is also intended to be in alignment for auditing purposes with that of a special purpose vehicle which ILUS and its Subsidiaries, which also includes the Company, are in the process of completing an intended transaction with. Following such change, the date of the Company's next fiscal year end is December 31, 2023. Consequently, the Company will file an annual report on Form 10-K for the period from January 1, 2023, to December 31, 2023, before or on March 29, 2024. SECTION 9 – Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
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. Quality Industrial Corp. /s/ John-Paul Backwell John-Paul Backwell, CEO Date: February 9, 2024 2