Company: ALDA
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001548123-25-000017
Chunk: 1

Company: ATLANTICA INC
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 1
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 Jenson had personally
loaned Mr. Aurre the $80,000 which was secured solely by Mr. Aurre’s shares of the Company. Subsequent to foreclosing
on the shares of Mr. Aurre’s that were held by Mr. Jenson as security for the loan, Mr. Jenson elected to gift a
portion of those shares to his son, Travis T. Jenson, as well as to a business associate, Thomas J. Howells, and a long-time friend and
legal counsel, Leonard W. Burningham, Esq.

On November 15, 2002, we were reinstated with the
State of Utah.

On November 30, 2004, Thomas J. Howells resigned as
President and a director and Travis T. Jenson resigned as Secretary and a director. Shelley Goff and Duane S. Jenson were appointed as
Secretary and President, respectively. Mr. Jenson and Ms. Goff were also elected as directors.

A copy of our Bylaws was attached to our Annual Report
for the year ended December 31, 2001, and is incorporated herein by reference. See Part IV, Item 15.

A copy of our Articles of Incorporation, as amended,
was attached to our initial Registration Statement on Form 10-SB and is incorporated herein by reference. See Part IV, Item 15.

On December 27, 2006, we filed a definitive Information
Statement with the Securities and Exchange Commission regarding a one-for-10 (1:10) pro rata reverse split of our outstanding common stock
(Proposal 1) and the adoption of Amended and Restated Articles of Incorporation (Proposal 2), to be voted upon at a special meeting of
our shareholders (the “ Meeting”). The Information Statement that was mailed to our stockholders was accompanied by a Notice
of Special Meeting of Shareholders, both of which were mailed to our shareholders on or about January 5, 2007. Please see the Exhibit
Index, Part IV, Item 15, for a copy of the Definitive Information Statement, as filed on December 27, 2006, which is incorporated herein
by reference.

These resolutions were unanimously adopted by our
Board of Directors. Duane S. Jenson, and his son, Travis T. Jenson, who, at that time, collectively, beneficially owned 16,000,683 shares
of our common stock or approximately 65.