0001199835-13-000520.txt : 20130816 0001199835-13-000520.hdr.sgml : 20130816 20130816145824 ACCESSION NUMBER: 0001199835-13-000520 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20130630 FILED AS OF DATE: 20130816 DATE AS OF CHANGE: 20130816 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEAFARER EXPLORATION CORP CENTRAL INDEX KEY: 0001106213 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 731556428 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-29461 FILM NUMBER: 131044975 BUSINESS ADDRESS: STREET 1: 14497 N. DALE MABRY HIGHWAY STREET 2: SUITE 209N CITY: TAMPA STATE: FL ZIP: 33618 BUSINESS PHONE: 813-448-3577 MAIL ADDRESS: STREET 1: 14497 N. DALE MABRY HIGHWAY STREET 2: SUITE 209N CITY: TAMPA STATE: FL ZIP: 33618 FORMER COMPANY: FORMER CONFORMED NAME: Organetix DATE OF NAME CHANGE: 20040902 FORMER COMPANY: FORMER CONFORMED NAME: DIAMOND INTERNATIONAL GROUP INC/NY/ DATE OF NAME CHANGE: 20000725 FORMER COMPANY: FORMER CONFORMED NAME: SEGWAY I CORP DATE OF NAME CHANGE: 20000210 10-Q/A 1 seafarer_10qa1-15668.htm SEAFARER FORM 10Q/A 1ST AMENDED 06-30-2013 seafarer_10qa1-15668.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q /A
Amendment No. 1

                                                                                                                                                     
(Mark One)
     
þ
 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the quarterly period ended June 30, 2013
 
or
     
o
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the transition period from _________ to __________.

Commission File Number 000-29461
SEAFARER EXPLORATION CORP.

(Exact name of registrant as specified in its charter)

 
Delaware
90-0473054
(State or other jurisdiction of incorporation or organization)  
(I.R.S. Employer Identification No.)
 
14497 N. Dale Mabry Highway, Suite 209-N, Tampa, Florida 33618

(Address of principal executive offices)(Zip code)
 
(813) 448-3577 

Registrant’s telephone number
 

 

 
1

 
 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes þ No o

 
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
 
Yes o No þ
 
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
 
Large accelerated filer
  o
 
Accelerated filer
o
Non-accelerated filer
  o
(Do not check if a smaller reporting company)
Smaller reporting company
þ
 
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
 
Yes     o  No     þ
 
 
As of August 12, 2013, there were 825,269,126 shares of the registrant’s common stock, $.0001 par value per share, outstanding.




 
 



 
2

 

 
EXPLANATORY NOTE
 
The purpose of this amendment on Form 10-Q/A to Seafarer Exploration Corp's Quarterly Report on Form 10-Q for the period ended June 30, 2013, filed with the Securities and Exchange Commission on August 14, 2013 is solely to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T.
 
No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
3

 

 
Item 6. Exhibits
 
Set forth below is a list of the exhibits to this quarterly report on Form 10-Q.
 
  Exhibit Number
 Description
** 31.1
Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities and  Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
   
** 32.1
Certification of the Chief Executive Officer pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Securities and  Exchange Act of 1934, as amended, and 18 U.S.C. 1350, as adopted pursuant to Section906 of the  Sarbanes-Oxley Act of 2002.
   
*101.INS
XBRL Instance Document
   
*101.SCH
XBRL Taxonomy Extension Schema
   
*101.CAL
XBRL Taxonomy Extension Calculation Linkbase
   
*101.DEF
XBRL Taxonomy Extension Definition Linkbase
   
*101.LAB
XBRL Taxonomy Extension Label Linkbase
   
*101.PRE
XBRL Taxonomy Extension Presentation Linkbase
 
* Filed herewith.
** Previously filed.

 

  
 
 
 
 

 
 

 
4

 

  
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 

 
Seafarer Exploration Corp.
     
     
Date:  August 16, 2013
By:
/s/ Kyle Kennedy
   
Kyle Kennedy
President, Chief Executive Officer, and Chairman of the Board
(Principal Executive Officer and Principal Accounting Officer)

 
Date: August 16, 2013
By:
/s/ Chuck Branscomb
   
Chuck Branscomb, Director

 
 Date: August 16, 2013
By:
/s/ Robert L. Kennedy
   
Robert L. Kennedy, Director

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5

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The lawsuit alleges that the Company, its CEO, and its transfer agent wrongfully refused to remove the restrictive legend from certain shares of the Company&#146;s common stock that are collectively owned by the plaintiffs, which prevented the plaintiffs from selling or transferring their shares of the Company&#146;s common stock. The plaintiffs allege that they have lost approximately $1,041,000 as of the date of the lawsuit. 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The Company contends that the restrictive legends were either (i) not qualified for removal under Rule 144 promulgated under the Securities Act of 1933, (ii) the plaintiffs failed to provide sufficient facts supporting removal of the restrictive legends, or (iii) the plaintiffs failed to provide sufficient facts to demonstrate that the distribution was not part of a plan or scheme to evade the registration requirements of the Securities Act of 1933. On September 1, 2011, the plaintiffs filed a motion for summary judgment in the matter. Upon review of the facts of the case, counsel filed a response to the motion for summary judgment, in which pleading and supporting affidavit, the Company presented factual allegations that the initial investment by one of the Plaintiff&#146;s, Micah Eldred, was made in the private company of Seafarer, Inc. on June 15, 2007 for $5,000. 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The defendants have filed an answer in the nature of a general denial, certain affirmative defenses, and a singular counterclaim against the Company and its CEO, individually, alleging that the Company and its CEO were negligent in the use or maintenance of a vessel owned by the corporation, for which damages are sought in excess of $15,000. Seafarer&#146;s legal counsel intends to argue that the Company&#146;s CEO has been improperly individually joined in this action. The counterclaim allegations are being vigorously legally contested by both the Company and its CEO. Motion to strike and dismiss defenses and counterclaims are currently pending, legal discovery is ongoing, and the pleadings are not otherwise currently &#147;at-issue&#148; to schedule the action for trial. 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