Item 5.01
Changes in Control of Registrant.
On June 6, 2018, Matthew Milonas entered into an agreement for the acquisition of an aggregate of 286,720 shares of Common Stock of the Company, representing approximately 91% of the issued and outstanding shares of Common Stock of the Company as of such date, from Randall Letcavage, the previous majority shareholder of the Company (the "Agreement"). As a result Mr. Milonas is now able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company.
In addition, on June 6, 2018, Matthew Milonas was appointed as Chief Executive Officer, Chief Financial Officer, Director, effective immediately.
Item 5.02
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
(a) Resignation of Directors
The disclosures set forth in Item 5.01 above are incorporated by reference into this Item 5.02(a).
There were no disagreements between Mr. Saeed and us or any officer or director of the Company.
(b) Resignation of Officers
The disclosures set forth in Item 5.01 above are incorporated by reference into this Item 5.02(b).
(c) Appointment of Directors
The disclosures set forth in Item 5.01 above are incorporated by reference into this Item 5.02(c).
(d)
Appointment of Officers
The disclosures set forth in Item 5.01 above are incorporated by reference into this Item 5.02(d).
The business background descriptions of the newly appointed officer and directors are as follows:
Matthew Milonas
– Chief Executive Officer, President, Chief Financial Officer and Chairman of the Board of Directors.
On June 6, 2018,
Mr. Milonas
was appointed as Chief Executive Officer, Chief Financial Officer, Director, effective immediately. He
has also been a manager in the internal controls department of Verizon Business, specializing in Sarbanes-Oxley matters since 2014. He was a special projects manager for MCI from February, 2005 to 2006. From September, 2003 to January, 2005, he was a business analyst with GE Access-Quovadx, Inc. From November, 2002 to October, 2003, he was Assistant Controller and Human Resources Manager for International Marble and Granite, Inc. He served as Chief Financial Officer of DSSG, LLC from 2001 to 2002 and as Chief Financial Officer of FSOC. Inc. from 1996 to 1998, both restaurant chains based in Colorado. Additionally he has served as Controller for the Colorado Convention Center from 1991 to 1996, Brass Smith, Inc. from 1998 to 2001, a large manufacturing firm, and for IMG from 2002 to 2003, a large natural stone importer all which are all based in Denver, Colorado. Mr. Milonas additionally has worked for INVESCO Funds as a staff auditor (1992-1994). He was also a Director of Inform World Wide Holdings, Inc., a public company. Mr. Milonas holds a Bachelor of Arts degree from Ft Lewis College, with a minor in psychology from Colorado State University.