UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14C INFORMATION
CURRENT REPORT
PURSUANT TO SECTION 14(C)
of the
SECURITIES EXCHANGE ACT OF 1934
Date of Report: May 15, 2002
TRSG Corporation
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
74315V 10 6 87-045382
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(CUSIP Number) (IRS Employer Identification Number)
c/o Richard Bailey, President
3095 East Patrick Lane, Suite 1, Las Vegas, Nevada 89120
(Address of principal executive offices)
(702) 938-9316
(Registrant's telephone number, including area code)
We Are Not Asking You For a Proxy
AND
You Are Requested Not to Send Us A Proxy
Check the appropriate box:
[ X] Preliminary Information Statement
[ ] Confidential, for Use of the Commission Only (as permitted by
Rule 14c-5(d)(2)
[ ] Definitive Information Statement
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TRSG Corporation
(Name of Registrant as Specified in its Charter)
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Payment of Filing Fee (Check the appropriate box):
[X ] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14(c)-5(g)
and 0-11.
1) Title of each class of securities to which transaction
applies:
2) Aggregate number of securities to which transaction
applies:
3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11: 0
4) Proposed maximum aggregate value of transaction: 0
5) Total fee paid:
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11(a)(2) and identify the filing for which
the offsetting fee was paid previously. Identify the previous
filing by registration statement number, or the Form or
Schedule and the date of its filing.
1) Amount Previously Paid:
2) Form, Schedule or Registration No.:
3) Filing Party:
4) Date Filed
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TRSG CORPORATION
3095 East Patrick Lane, Suite 1
Las Vegas, Nevada 89120
Notice of Action by Written Consent
of a Majority of the Outstanding Common Stock
to be taken on June 21, 2002
To the Stockholders of TRSG Corporation.:
Notice is hereby given that upon Written Consent by the holder of a majority of
the outstanding shares of common stock of TRSG Corporation (the "Company"), the
number of authorized $0.001 par value shares of the Common Stock of the Company
will be increased from 200,000,000 to 2,000,000,000. The number of preferred
shares authorized remains at 5,000,000. The change will be effective on June 17,
2002
Only stockholders of record at the close of business on May 15, 2002 shall be
given Notice of the Action by Written Consent. The Company is not soliciting
proxies.
By Order of the Board of Directors
/s/ Richard Bailey
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Richard Bailey, President
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This information statement is being furnished to all holders of the common stock
of the Company in connection with the Action by Written Consent to amend the
Company's Articles of Incorporation.
ITEM 1.
INFORMATION STATEMENT
This information statement is being furnished to all holders of the common stock
of TRSG Corporation, a Delaware Corporation ("TRSG "), in connection with
resolutions of the Board of Directors and the written consent of holders of in
excess of 50% of the common stock of TRSG providing for an amendment to TRSG 's
Articles of Incorporation increasing TRSG's authorized common shares from
200,000,000 shares of $0.001 par value common stock to 2,000,000,000 shares of
$0.001 par value common stock.
The Board of Directors and a person owning the majority of the outstanding
voting securities of TRSG have unanimously adopted, ratified and approved
resolutions to effect the recapitalization. No other votes are required or
necessary. See the caption "Vote Required for Approval," below. The Amendment
will be filed and became effective on June 21, 2002.
The Form 10-QSB filed by TRSG with the Securities and Exchange Commission may be
viewed on the Securities and Exchange Commission's web site at www.sec.gov in
the Edgar Archives. TRSG is presently "current" in the filing of all reports
required to be filed by it. See the caption "Additional Information," below.
DISSENTER'S RIGHTS OF APPRAISAL
The General Corporation Law of the State of Delaware ("the Delaware Law") does
not provide for dissenter's rights of appraisal in connection with the
Recapitalization.
VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF
The Board of Directors has fixed the close of business on May 15, 2002 as the
record date for the determination of the common shareholders entitled to notice
of proposed action by written consent.
At the record date, the Company had outstanding 46,693,731 shares of $0.001 par
value common stock. One shareholder holds a controlling interest of 24,448,660
(52.37%) shares of the $0.001 par value common stock of the Company as of the
record date, representing more than a majority of the company's outstanding
common stock. The shareholder, Richard Bailey has consented to the action
required to effect the proposed amendment to the Company's Articles of
Incorporation. This consent will be sufficient, without any further action, to
provide the necessary stockholder approval of the action.
SECURITY OWNERSHIP OF EXECUTIVE OFFICERS, DIRECTORS AND FIVE PERCENT
STOCKHOLDERS
The following table sets forth information about the beneficial ownership of the
Company's Common Stock, (no shares of preferred stock are outstanding) as of May
15, 2002 by (i) each person who is known by the Company to own beneficially more
than five percent (5%) of the outstanding shares of Common Stock; (ii) each of
the Company's named Executive Officers and Directors; and (iii) all Directors
and Executive Officers as a group:
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Title of Class Name and Address of Beneficial Amount and nature of Percent of Class
Ownership Beneficial Ownership
Common Richard Bailey1 24,448,660 52.37%
Stock 3095 East Patrick Lane, Suite 1
Las Vegas, Nevada 89120
Common Florian R. Ternes
Stock 3095 East Patrick Lane, Suite 1 2,000,000 4.28%
Las Vegas, Nevada 89120
Common Richard D. Surber2 3,078,202 6.59%
Stock 268 West 400 South, Suite 300
Salt Lake City, Utah 84101
Common Hudson Consulting Group, Inc. 3,024,202 6.48%
Stock 268 West 400 South, Suite 300
Salt Lake City, Utah 84101
Common Gateway Distributors, Ltd. 21,448,660 45.93%
Stock 3095 East Patrick Lane, Suite 1
Las Vegas, Nevada 89120
Common Feng Shui Consulting, Inc. 2,500,000 5.35%
Stock 3809 South West Temple # 1D
Salt Lake City, Utah 84115
Common All Executive Officers and 26,448,660 56.64%
Stock Directors as a Group
As of May 15, 2002, the Company had 46,693,731 shares of its common voting stock
issued and outstanding.
VOTE REQUIRED FOR APPROVAL
Section 228 of the Delaware corporation laws provides that any action required
to be taken at a special or annual meeting of the stockholders of a Delaware
corporation may be taken by written consent, in lieu of a meeting, if the
consent is signed by stockholders owning at least a majority of the voting
power. The Shareholders of TRSG owning a majority in excess of 50% of TRSG's
issued and outstanding common stock, have executed and approved the
Shareholders' Consent Letter authorizing the replacement of TRSG's current Board
of Directors and executive officers (See the heading "Voting Securities and
Principal Holders Thereof" above). No further votes are required or necessary to
effect the proposed amendment.
The securities that would have been entitled to vote if a meeting was required
to be held to amend the Company's Articles of Incorporation consist of issued
and outstanding shares of the Company's $0.001 par value common voting stock
outstanding on May 15, 2002 the record date for determining shareholders who
would have been entitled to notice of and to vote on the proposed amendment to
TRSG's Articles of Incorporation.
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1 Shares are attributed to Mr. Bailey as president of Gateway Distributors,
Ltd., which corporation is the owner of 21,448,660 shares.
2 Mr. Surber owns no shares. 3,078,202 shares are beneficially attributed
to Mr. Surber from shares owned by Oasis International Hotel & Casino, Inc.
(54,000) shares and Hudson Consulting Group, Inc. (3,024,202).
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ITEM 2.
STATEMENT THAT PROXIES ARE NOT SOLICITED
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY
ITEM 3.
INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON
No director, executive officer, nominee for election as a director, associate of
any director, executive officer or nominee or any other person has any
substantial interest, direct or indirect, by security holdings or otherwise, in
the proposed amendment to TRSG 's Articles of Incorporation or in any action
covered by the related resolutions adopted by the Board of Directors, which is
not shared by all other stockholders.
ADDITIONAL INFORMATION
Additional information concerning TRSG , including its Form 10-SB initial
registration statement and quarterly reports on Form 10-QSB for the past two
quarters, which have been filed with the Securities and Exchange Commission, may
be accessed through the EDGAR archives, at www.sec.gov.
Dated: May 15, 2002
By Order of the Board of Directors
/s/ Richard Bailey
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Richard Bailey, President
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Exhibit "A"
STATE of DELAWARE
CERTIFICATE of AMENDMENT of
CERTIFICATE of INCORPORATION
First: That at a meeting of the Board of Directors of TRSG Corporation, a
resolution was duly adopted setting forth a proposed amendment of the
Certificate of Incorporation of said corporation, declaring said amendment to be
advisable and resulting in the entry of Shareholder Consent to Action without a
Meeting by the fifty two percent shareholder of said corporation approving the
proposed action. The resolution setting forth the proposed amendment is as
follows:
Resolved, That the following amendment increasing the authorized common stock
from 200,000,000 to 2,000,000,000 shares was adopted
Second: The necessary number of shares as required by statute were voted in
favor of the amendment.
Third: That the said amendment was duly adopted in accordance with the
provisions of Section 228 of the General Corporation Law of the State of
Delaware.
Fourth: That the capital of said corporation shall not be reduced under or by
reason of said amendment.
BY: /s/ Rick Bailey
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Rick Bailey
President
State of Nevada )
)ss.
County of Clark )
On the 21st day of June, 2002, personally appeared before me Rick Bailey who,
being duly sworn, deposed and stated that he is the President of TRSG
Corporation and that he executed the above Certificate of Amendment of
Certificated of Incorporation as President of the said corporation pursuant to a
duly adopted resolution of the Board of Directors of the said corporation and a
duly adopted consent of the majority shareholder of the corporation
Dated this 21st day of June, 2002
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Notary Public
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