Norris Industries, Inc. 8-K

What Happened
Norris Industries, Inc. (NRIS) filed an 8-K on March 9, 2026 (Item 8.01) announcing it accepted a contribution to capital of the currently issued and outstanding 1,000,000 shares of preferred stock from Mr. Patrick Norris and his affiliates. The contributed preferred shares will be cancelled and returned to the status of authorized but unissued preferred shares.

Key Details

• 1,000,000 shares of the company’s preferred stock were contributed and will be cancelled.
• The contributor named in the filing is Mr. Patrick Norris and his affiliates.
• Cancelled shares will be returned to “authorized but unissued” status.
• The filing does not disclose consideration, changes to share rights, or further financial details.

Why It Matters
This action changes the company’s capital structure by reducing the number of issued and outstanding preferred shares by 1,000,000 and increasing the pool of authorized but unissued preferred shares available for future issuance. For investors, that can affect potential preference claims, dilution dynamics, and the company’s flexibility to issue preferred stock in the future. The 8-K provides no additional financial terms or timing, so investors should watch for any subsequent disclosures that explain the rationale or financial impact.