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 OF 1934

Date of Report (Date of earliest event reported):  24 September 2014

VISION INDUSTRIES CORP.
---------------------------
(Exact name of registrant as specified in its charter)

FLORIDA
000-53315
14-1908451
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification Number)

2230 E. Artesia Blvd.
Long Beach, California 90805
(Address of Principal Executive Offices)

(310) 454-5658
(Registrant's telephone number including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 

 

 
Item 1.03                      Bankruptcy or Receivership
 
On 24 September 2014 Vision Industries Corp. (the “Company”) filed a voluntary petition in the United States Bankruptcy Court for the Central District of California (the “Bankruptcy Court”), Case No. 2:14-bk-28225, seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code (the “Bankruptcy Code”). The Company remains in possession of its assets and continues to operate its business as a debtor-in-possession under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court.
 
Item 8.01                      Other Events

On September 24, 2014, the Company issued a press release announcing the filing of a voluntary petition seeking relief under the Bankruptcy. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01                      Financial Statements and Exhibits

(d)           Exhibits

Number               Description
 
99.1
Press Release Dated 24 September 2014


 
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.
 

 
   VISION INDUSTRIES CORP.
   
   
   
 By: /s/ Jerome Torresyap
   Title: President
    Dated: 24 September 2014
 

 

exhibit99-1.htm
Exhibit 99.1


 

 
FOR IMMEDIATE RELEASE
 
 
Vision Industries Files for Voluntary Chapter 11 Bankruptcy Protection
 
Long Beach, CA; September 24, 2014.
 
Vision Industries Corp. (OTCQB: VIIC) today announced that the Company has voluntarily filed for Chapter 11 bankruptcy protection.  This event was primarily the result of its inability to obtain quorum at its August 22, 2014, Shareholder Meeting, at which the Company sought permission to increase its authorized share count from 500 million to 10 billion common shares.  The increase in authorized shares was requested by management to enable the Company to seek further funding to continue operations.
 
 “We are disappointed by the lack of participation by our shareholders, especially by our main shareholder.  This more than limited our options to raise capital; it effectively made it impossible,” says Vision’s CEO Martin Schuermann.
 
During the reorganization process, Vision will continue to operate and work on ongoing government supported programs and R&D projects.  It is the Company’s intention to reemerge from the Chapter 11 protection with a healthier balance sheet and thus be able to raise capital to execute its business plan.
 

 
About Vision Industries
 
Vision is a developer of zero emission hydrogen fuel cell-electric powered vehicles and turnkey hydrogen fueling systems.  Vision’s proprietary fuel cell-electric hybrid drive system combines the superior acceleration of a battery powered electric vehicle with the extended range provided by a hydrogen fuel cell.  For more information on Vision Industries Corp., please visit www.visionindustriescorp.com
 
 
Safe Harbor Statement
 
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.
 
 
Vision Contact Person(s):

Investor Relations
(P) 310-454-5658
(E) ir@visionmotorcorp.com