Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.
On August 14, 2017, Conrad Huss resigned from all officer positions with the Company and resigned as Director, and Chairman of the Board. The Company did not have any committees, and therefore Mr. Huss never served on any committees. Mr. Huss did not resign as a result of any disagreement with the Company. His resignation letter is attached hereto and incorporated herein as Exhibit 10.2.
Mr. Jeffrey Canouse was appointed Chairman of the Board, and the Board appointed him to the following officer and director positions:
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Name
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Age
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Position(s)
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Jeffrey Canouse
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43
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CEO, President, CFO, Director, Chairman
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Jeffrey Canouse- Chief Executive Officer, President, CFO, Director, Chairman of the Board
Mr. Jeffrey M. Canouse, age 43, combines over twenty-three years of experience in financial senior management following a thirteen-year career as an Investment Banker. Previously, he had been involved in various companies in the investment industry holding positions including Vice President, Senior Vice President and Managing Director at J. P. Carey Inc., J.P. Carey Securities Inc. and JPC Capital a boutique (the “Carey Company’s”) investment banking firm that assisted in arranging over $2 billion in financing. During his time with the Carey Company’s Mr. Canouse was personally responsible for sourcing new corporate clients, presenting to institutional investors, structuring terms, and working with counsel for timely closings. From July 11, 2011 through the present day, Mr. Canouse has acted as Managing Member of Anvil Financial Management, LLC where he has offered his expertise to companies in need of restructuring, financing, debt settlement and compliance assistance. In addition, Mr. Canouse founded Title King LLC, a short-term lending company using customer vehicles as collateral. Title King was acquired by New America Energy Corp of which Mr. Canouse is currently the Chief Executive Officer.
Mr. Isaac Onn continues to serve on the Company’s Board of Directors, along with Mr. Canouse.
Per the Board Consent attached hereto, and incorporated herein as Exhibit 10.1, as compensation for services, the Company’s Board of Directors agreed to issue Conrad Huss a promissory note in the amount of $75,000.00, Isaac Onn was issued a promissory note in the amount of $25,000.00, and Jeffrey Canouse was issued a promissory note in the amount of $5,000.00. The Company also agreed to pay Mr. Canouse a monthly stipend of $5,000.00 in cash.
Item 9.01 Exhibits.
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Exhibit No.
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Description
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10.1
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Written Board Consent Appointing New Officer and Director dated August 14, 2017
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10.2
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Resignation Letter of Conrad Huss
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