Welcome to our dedicated page for California First Leasing SEC filings (Ticker: CFNB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The California First Leasing Corporation (CFNB) SEC filings page on Stock Titan provides access to the company’s regulatory documents as filed with the U.S. Securities and Exchange Commission. CalFirst Lease is registered as an internally managed, non-diversified closed-end investment company under the Investment Company Act of 1940, and its filings reflect this status along with its continued lease business and investment activities.
Among the key filings for CFNB are proxy statements, such as the definitive proxy statement (DEF 14A) that outlines the annual meeting of shareholders, director elections, and proposals such as amendments to the articles of incorporation to permit a reverse stock split at a specified ratio if the Board determines it is advisable. These documents also describe voting procedures, beneficial ownership of common stock by directors, executive officers, and significant shareholders, and include cautionary statements concerning forward-looking information.
Through this page, users can follow CalFirst Lease’s ongoing disclosure record, including materials related to issuer tender offers that are filed with the SEC, such as the offer to purchase and related documents that govern share repurchase programs. These filings explain the terms of tender offers, the number of shares subject to repurchase, pricing, and procedural details for shareholders who choose to participate.
Stock Titan enhances CFNB filings by pairing real-time updates from the SEC’s EDGAR system with AI-powered summaries that help explain the structure and implications of lengthy documents. Users can more easily understand proxy proposals, ownership tables, and the mechanics of tender offers. The platform also highlights relevant sections across filings, helping investors and researchers navigate California First Leasing Corporation’s regulatory history and governance disclosures more efficiently.
California First Leasing Corporation is asking shareholders to elect six directors and approve a 1‑for‑50 reverse stock split that the Board may implement anytime on or before June 30, 2026. The reverse split would reduce each holder’s shares by a factor of 50, with holders who would otherwise receive fractional shares (including those with fewer than 50 shares) instead receiving cash based on the last reported OTC Market sale price before the effective date.
The Board states that the primary goal is to reduce the number of shareholders to below 100 so the company can terminate registration as an investment company under the Investment Company Act of 1940 and lower related compliance and administrative costs, while continuing OTC disclosure. As of December 12, 2025, 8,979,387 common shares were outstanding, with insiders and directors owning about 92.2%, including Chairman and CEO Patrick E. Paddon at 60.1%.
California First Leasing Corporation is asking shareholders to elect six directors and approve a 1-for-50 reverse stock split at its annual meeting on February 10, 2026. The company has 8,979,387 common shares outstanding as of December 12, 2025 and is controlled by Chairman and CEO Patrick E. Paddon, who beneficially owns 60.1% of the stock, with directors and executive officers together holding 92.2%.
The reverse split would reclassify every 50 shares into one share without changing authorized share counts. Holders entitled to fractional shares will receive cash based on the last OTC Market sale price, and shareholders with fewer than 50 shares as of the record date will be cashed out. The primary purpose is to reduce the number of shareholders to below 100 so the company can terminate its Investment Company Act registration and lower compliance costs while continuing OTC disclosure. Independent directors have also approved increasing Mr. Paddon’s salary from $180,000 to $750,000 effective January 1, 2026.
FAQ
What is the current stock price of California First Leasing (CFNB)?
What is the market cap of California First Leasing (CFNB)?
