SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act
May
26, 2010
Date
of Report
(Date
of Earliest Event Reported)
Commission
File No. 0-29935
CROWN
EQUITY HOLDINGS INC.
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(Exact
name of registrant as specified in its
charter)
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Nevada,
USA
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33-0677140
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(State
of Incorporation or organization)
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(I.R.S.
Employer Identification No.)
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5440 West
Sahara Suite 205, Las Vegas, NV 89146
(Address
of principal executive offices)(Zip code)
Company’s
telephone number, including area code: (702) 448-1543
ITEM 5.03
Amendments to the Articles of Incorporation or Bylaws; Change in Fiscal
Year.
Crown
Equity Holdings, Inc. (the "Company") has filed a Certificate of Designation
with the Nevada Secretary of State creating a class of preferred stock
designated as “Series A Preferred Stock”, par value $.001 (the “Series A
Stock”). There are 25,000 shares of Series A Preferred Stock
authorized, of which none are issued and outstanding. Each share of
Series A Stock is convertible into 10,000 shares of the Company’s common stock
and the Series A Shareholders are entitled to elect a majority of the board of
directors. A copy of the Certificate of Designation is attached
hereto. The Company has a total of 10,000,000 shares of preferred
stock authorized.
Item 8.01
Other Events
The
Company’s CEO, Kenneth Bosket, has taken a temporary leave of absence for
medical reasons. It is anticipated that Mr. Bosket will be out for at
least four weeks. In his absence, the Board has designated Arnulfo
Saucedo-Bardan as interim CEO.
ITEM 9.01
Financial Statements and Exhibits
Exhibit
No.
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Description of
Exhibit
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3*
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Certificate
of Designation for Series A Preferred
Stock
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__________
*filed
herewith
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 hereunto duly
authorized.
May
26, 2010 |
CROWN
EQUITY HOLDINGS INC. |
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By:
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/s/
Arnulfo Saucedo-Bardan |
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Arnulfo
Saucedo-Bardan, Interim CEO |
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