ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

HHSE Hannover House Inc (PK)

0.009
-0.001 (-10.00%)
23 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hannover House Inc (PK) USOTC:HHSE OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.001 -10.00% 0.009 0.008 0.009 0.0108 0.0087 0.0101 2,603,450 21:15:17

Form 8-K - Current report

17/01/2014 3:17pm

Edgar (US Regulatory)


 

UNITED STATES
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):  January 8, 2014

_______________________________

Hannover House, Inc.

(Exact name of registrant as specified in its charter)

_________________

Wyoming 000-28723 91-1906973
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation or Organization) File Number) Identification No.)

1428 Chester Street, Springdale, AR 72764
(Address of Principal Executive Offices) (Zip Code)

479-751-4500
(Registrant’s telephone number, including area code)

f/k/a "Target Development Group, Inc."

f/k/a "Mindset Interactive Corp."

330 Clematis Street, Suite 217, West Palm Beach, Florida 33401 (561) 514-0936
(Former name or former address and former fiscal year, if changed since last report)

_______________________________

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:

x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 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))

 
 

 

SECTION 1 — REGISTRANT'S BUSINESS AND OPERATIONS

Item 1.01 Entry into a Material Definitive Agreement.  Hannover House, Inc. ("Company") has entered into an international financing and distribution agreement with Belle Starr, Inc., to cover the production and releasing costs for the motion picture production, "The Legend of Belle Starr."  The production costs for the film are estimated at 3.5-million dollars (inclusive of fees, contingency, interest and bond), and the "initial theatrical releasing" costs for the film have been budgeted at 1.5-million dollars (supporting a 600-screen, USA theatrical launch).  Under the terms of the agreement, Belle Starr, Inc. will be solely responsible for the funding of the film's production and releasing costs.  Hannover House will handle worldwide sales representation, distribution and licensing of the film under a performance-based sales agency agreement; but Hannover House will be required to defer one-half of its customary sales agency fees until the production and releasing costs have been fully recouped for Belle Starr, Inc.  At such point in time that Belle Starr, Inc. shall have received back all principal investments, plus interest and a twenty-percent (20%) return, thereafter, ownership of the film shall be assigned over to vest with Hannover House, subject to ongoing profit participations due to Belle Starr, Inc. and principal talent participants in the film.  Hannover House management feels that the structure of this venture benefits shareholders by providing the Company with access to a high profile production, and the capacity for a highly visible theatrical release, without burdening the Company with the debt burden for either the production or releasing costs.  Production of the film is planned for summer, 2014, with a USA theatrical release planned for March, 2015.  
Item 1.02

Termination of a Material Definitive Agreement. Hannover House, Inc. ("Company") has terminated a corporate financing agreement that had been previously entered into on August 13, 2013 with Greenwood Finance Group, LLC ("Greenwood"). The purpose of the agreement with Greenwood was to provide payables relief under a "Debt-Conversion" transaction for the benefit of qualified and eligible debt holders of Company. As a result of the termination of this agreement, a total of 6,200,000 shares of "unrestricted" stock will be immediately retired back into treasury stock of the Company, and removed from the market of issued shares. Company does not feel that the termination of this "Debt Conversion" transaction will have a materially, negative impact on current operations.

Separately, Company officers D. Frederick Shefte (President) and Eric F. Parkinson (C.E.O.) have each cancelled a previously announced and registered 10(b)5-1 Trading Plan transaction which would have facilitated the sale of up to five-million (5,000,000) shares for each officer. These shares will be converted back into Rule 144 Sale Restricted Shares for each of the officers.

The net result to the Company's current share structure resulting from both the termination of both the Greenwood venture, and the return of officer owned shares back into sale-restricted status, is as follows:

Current Total Shares In Issue (Jan. 8, 2014): 583,732,365

Above amount under Restriction: 130,651,743

Total Shares available for trading: 453,080,622

Revised Total Shares in Issue (Jan. 9, 2014): 577,532,365

Above amount under Restriction: 140,651,743

Total Shares available for trading: 436,880,622

As previously disclosed, the Company has limited it's total authorized stock shares to six-hundred-million (600,000,000). The above termination of the Greenwood venture, and the return of officer-owned shares into sale restricted status has reduced the total amount of shares that are publicly available for trading by 16,200,000 (representing a reduction of approximately 2.8% of publicly-available shares to the market).

 

 
Item 1.03 Bankruptcy or Receivership.  Not Applicable.  

 
 

SECTION 2 — FINANCIAL INFORMATION

Item 2.01 Completion of Acquisition or Disposition of Assets.  Not Applicable.  
Item 2.02 Results of Operations and Financial Condition.  Not Applicable.  
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.  Not Applicable.  
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.  Not Applicable.  
Item 2.05 Costs Associated with Exit or Disposal Activities.  Not Applicable.  
Item 2.06 Material Impairments.  Not Applicable.  

SECTION 3 — SECURITIES AND TRADING MARKETS

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.  Not Applicable.  
Item 3.02 Unregistered Sales of Equity Securities.  Not Applicable.  
Item 3.03 Material Modification to Rights of Security Holders.  Not Applicable.  

SECTION 4 — MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS

Item 4.01 Changes in Registrant’s Certifying Accountant.  Not Applicable.  
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.  Not Applicable.  

SECTION 5 — CORPORATE GOVERNANCE AND MANAGEMENT

Item 5.01 Changes in Control of Registrant.  Not Applicable.  
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  Not Applicable.  
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Not Applicable.  
Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans.  Not Applicable.  
Item 5.05 Amendments to the Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics.  Not Applicable.  
Item 5.06 Change in Shell Company Status.  Not Applicable.  

SECTION 6 — ASSET-BACKED SECURITIES

Item 6.01 ABS Informational and Computational Material.  Not Applicable.  
Item 6.02 Changes in Servicer or Trustee.  Not Applicable.  
Item 6.03 Change in Credit Enhancement or Other External Support.  Not Applicable.  
Item 6.04 Failure to Make a Required Distribution.  Not Applicable.  
Item 6.05 Securities Act Updating Disclosure.  Not Applicable.  

SECTION 7 — REGULATION FD

Item 7.01 Regulation FD Disclosure.  Not Applicable.  

SECTION 8 — OTHER EVENTS

Item 8.01 Other Events.  Notification of Annual Meeting of Shareholders.  Notice is hereby made  

SECTION 9 — FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits.  
  (a) Financial statements of businesses acquired.  Not Applicable.  
  (b) Pro forma financial information.  Not Applicable.  
  (c) Shell company transactions.  Not Applicable.  
  (d) Exhibits.  Not Applicable.  

 

 
 

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.

 

 Date: January 8, 2014 Hannover House, Inc.
  By /s/ Eric F. Parkinson
    Name: Eric F. Parkinson
Title: C.E.O.

 

 
 

 

INDEX TO EXHIBITS

Exhibit No.   Description
   Not Applicable.
     

 

1 Year Hannover House (PK) Chart

1 Year Hannover House (PK) Chart

1 Month Hannover House (PK) Chart

1 Month Hannover House (PK) Chart

Your Recent History

Delayed Upgrade Clock