Quality Industrial withdraws Series A preferred
Rhea-AI Filing Summary
Quality Industrial Corp. (QIND) amended its corporate charter structure by filing a Certificate of Withdrawal on September 11, 2026, with the Nevada Secretary of State to withdraw the Certificate of Designation for its Series A Preferred Stock, originally filed on April 4, 2018.
The Series A Preferred Stock, par value $0.001, had no shares outstanding at the time of withdrawal. The board of directors authorized this action. Following the withdrawal, Series A Preferred Stock is no longer a designated series, all related charter references have no further force or effect, and the previously designated shares revert to authorized but undesignated preferred stock available for future designation.
Positive
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Negative
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8-K Event Classification
2 items: 5.03, 9.01
2 items
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Certificate of Withdrawal filing date: September 11, 2026
Original Certificate of Designation date: April 4, 2018
Par value of Series A Preferred Stock: $0.001 per share
3 metrics
Certificate of Withdrawal filing date
September 11, 2026
Date Quality Industrial Corp. filed the Certificate of Withdrawal in Nevada
Original Certificate of Designation date
April 4, 2018
Date the Series A Preferred Stock Certificate of Designation was originally filed
Par value of Series A Preferred Stock
$0.001 per share
Par value of the now-withdrawn Series A Preferred Stock series
Key Terms
Certificate of Withdrawal, Certificate of Designation, Series A Preferred Stock, authorized but undesignated shares, +1 more
5 terms
Certificate of Withdrawal regulatory
"filed a Certificate of Withdrawal of Certificate of Designation"
Certificate of Designation regulatory
"withdraw the Certificate of Designation of Series A Preferred Stock"
A certificate of designation is a formal document that spells out the specific rights and rules attached to a particular class or series of stock, usually preferred shares. Think of it as a rulebook or menu that lists dividend terms, liquidation priority, conversion or redemption rights and any special voting protections; investors use it to judge how much income, control or downside protection those shares will provide compared with other securities.
Series A Preferred Stock financial
"created a series of preferred stock designated as Series A Preferred Stock"
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
preferred stock financial
"series of preferred stock designated as Series A Preferred Stock"
Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What corporate change did Quality Industrial Corp. (QIND) make on September 11, 2026?
Quality Industrial Corp. filed a Certificate of Withdrawal with Nevada on September 11, 2026, removing the prior Certificate of Designation for its Series A Preferred Stock and eliminating that series as a designated class of preferred stock.
What happened to the Series A Preferred Stock of QIND in this 8-K?
The Series A Preferred Stock, par value $0.001, ceased to be a designated series. All references to it in the charter are of no further force or effect, and the shares have been returned to the pool of authorized but undesignated preferred stock.
Who authorized the withdrawal of QIND’s Series A Preferred Stock designation?
The withdrawal of the Series A Preferred Stock designation was authorized by a resolution of the company’s board of directors, which allowed management to file the Certificate of Withdrawal with the Nevada Secretary of State.
What is the effect of returning Series A Preferred Stock to authorized but undesignated status for QIND?
The previously designated Series A Preferred Stock shares are now authorized but undesignated preferred shares, meaning they are available for the company to designate as a new preferred series in the future under board-approved terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
