Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
Effective
August 27, 2018, the Board elected V.E. (Gene) Streety and W. Bradley Munroe, unanimously as directors of our company until the
next shareholder’s meeting for the appointment of directors.
Mr.
Streety graduated in January 1954 from Florida State University with a BS in political science, and immediately started work as
an assistant to the campaign manager in a successful governor’s campaign in the State of Florida. Later, he received an
appointment on the staff of US congressman Bob Sikes in Washington D.C., returning to Tallahassee after 14 months.
Mr.
Streety is currently a Licensed Real Estate Broker working as such for over 50 years. At one time, he was a Florida Licensed Securities
agent working on Private Placement for small businesses involving real estate. He worked as a Land Developer and investment real
estate broker for the preponderance of his career. He also spent 14 years with the City of Tallahassee retiring there in 1998
as Real Estate Administrator managing the Division of Real Estate.
He
has additionally worked on mineral rights leases having been partners with a petroleum geologist working together securing mineral
rights leases. Mr. Streety was one of the Founders/directors of a local bank, which was later sold to a regional bank. He has
belonged to several boards throughout the years; was a member of the Chamber of Commerce and Civic boards. Throughout his career
he has served in several Tallahassee area Presbyterian churches in such roles as church treasurer, church school teacher, deacon,
and elder.
Mr.
Munroe holds a B.S., Economics and Political Science from Florida State University, Tallahassee, Florida (1964), and is an attorney,
(J.D., 1967, University of Florida, Gainesville, Florida) and AV Rated Lawyer by Martindale Hubbell (Highest Available). Mr. Munroe
is a licensed Florida attorney admitted to practice before state and federal courts. Mr. Munroe’s experience as an attorney
is extensive with a Private law practice from 1970 to present (48 years). Emphasis on trial practice related to personal injury,
wrongful death, products liability, workers’ compensation, commercial and construction law; and representation of building
trades industries, and commercial real estate transactions and community bank. He has served as a Judge, Leon County Small Claims
Court (1969-1970); a Staff Attorney for Florida Department of Commerce, Division of Workers’ Compensation (1968) a Staff
Attorney, Governor Claude Kirk (1967); an Assistant City Attorney, Tallahassee, Florida (1971-1987); a Certified Civil and Family
Law Mediator; and Miscellaneous former lobbyist for numerous state associations. Mr. Munroe also is a Licensed Florida Real Estate
Broker; has held a Registered Florida General Contractor License (inactive); and has held a License for Florida Life, Health,
and Accident Insurance Agent (expired). Other Professional Experience includes Owner and operator of various small to moderate
business operations, including: Banking, Construction Company, Real Property Title Abstract Company – RV Park, and Marina.
Mr. Munroe has also worked as a Real estate investor, including: Ownership of professional and commercial office buildings, apartment
complexes, and residential rental property. Building and developing of various real estate projects, owner and operator of a farm
and ranch, and formerly part owner of life and health insurance agency and licensed to operate in Florida insurance market, he
is an approved agent for numerous title insurance companies, He has also served as receiver and trustee in bankruptcy in federal
court. Mr. Munroe holds Memberships in all state and (Legal) local bar associations, the Florida Justice Association (Trial Lawyers),
and is a member of the Episcopal Church, Exchange Club, Tallahassee Builders Association, Cotillion Club, and Colonels Club in
Florida.
Family
Relationships
No
family relationships exist between any of our directors or executive officers.
Certain
Related Transactions and Relationships
We
have not been party to any transaction with Mr. V.E. (Gene) Streety or Mr. W. Bradley Munroe since the beginning of our last fiscal
year, or any currently proposed transaction with Mr. Streety or Mr. Munroe in which we were or will be a participant and where
the amount involved exceeds $120,000, and in which Mr. Streety or Mr. Munroe had or will have a direct or indirect material interest.