Item 8.01 Other Events
On September 16, 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.
The current semiannual payment is due on October 6, 2020 to the holders of
record on close of business on September 30, 2020.
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