Item 8.01 Other Events

On March 18, 2020, The Board of Directors of Cemtrex, Inc. passed a resolution that the company will pay its dividend on Series 1 Preferred Stock in additional shares of Series 1 Preferred Stock. The holders of the Series 1 Preferred Stock are entitled to receive dividends at the rate of 10% annually, based on the $10.00 per share Preference Amount, payable semiannually.

On March 26, 2020, the Company had decided to postpone the payment of this dividend for 90 days.

On June 18, 2020, The Board of Directors of Cemtrex, Inc. passed a resolution to pay these dividends to holders of record as of June 30, 2020, payable by July 6, 2020.

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