SNTW 8-K
Summit Networks Inc. (SNTW)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On May 31, 2024 Summit Networks, Inc. (the “Company”) acquired 1103001 B.C. Ltd., dba St. Mega Enterprises, Inc., and St. Mega Enterprises, Inc. has a December 31 year end. On September 27, 2024 the Board of Directors determined that a fiscal year ending on December 31 would better coordinate the preparation and maintenance of its financial statements if the Company’s year end was consistent with that of its subsidiary. As a result of that determination, the Board voted on that date to change its fiscal year end from the last day of September to December 31.
Following this change, the date of the next fiscal year end will be December 31, 2024. Consequently, the Company will file an annual report on Form 10-K for the twelve months ended September 30, 2024 and it will file a ;transition report on Form 10-K for the period from October 1, 2024 to December 31, 2024, subject to the advice of the Company’s auditors.
Forward-Looking Statements
Certain statements contained herein, are not based on historical fact and are “forward-looking statements” within the meaning of applicable securities laws. Generally, these statements can be identified by the use of words such as “believes,” “estimates,” “expects,” “plans,” “may,” “will,” “should,” “could,” “would” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the Company’s forward-looking statements. These risks and uncertainties include, but are not limited to: local, regional, national and international economic conditions; consumer confidence and spending patterns; which are subject to fluctuation and could increase or decrease more than the Company expects; weather, acts of God and other disasters; the seasonality of the Company’s business; inflation or deflation; increases in unemployment rates and taxes; increases in labor and health insurance costs; competition and changes in consumer tastes and the level of acceptance of the Company’s products (including consumer acceptance of prices); demographic trends; the cost of advertising and media; government actions and policies; and the future cost and availability of credit. The Company assumes no obligation to update any forward-looking statement, except as may be required by law. These forward-looking statements speak only as of the date of this release. All forward-looking statements are qualified in their entirety by this cautionary statement.
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 thereunto duly authorized.
| Summit Networks Inc. | ||
| Date: September 30, 2024 | By: | /s/Xian Nan Zheng |
| Xian Nan Zheng | ||
| Secretary/Director | ||
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