Item 5.02 Departure of Directors, Election of Directors, Appointment of Directors and Officers.
Richard J Halden resigned fro the Board of Directors of UMED Holdings, Inc. ("UMED") effective February 3, 2017. As a result of the resignation, he is no longer affiliated with the company except as a shareholder.
Kent J. Harer was elected Director of UMED and its wholly-owned subsidiary, Greenway Innovative Energy, Inc. ("Greenway"). He has more than 30 years of industrial gas experience. He was employed by Air Products & Chemicals from 1983 – 1996 and, since that time, he has served as Senior Account Manager for Air Liquide Industrial US LP. That company is affiliated with Air Liquide, S.A., a large French multinational industrial gas company.
Concurrent with his resignation from UMED's Board of Directors, effective February 3. 2017, Richard J. Halden resigned as a member of the Board of Directors of Greenway. Ransom B. Jones, a current member of the Board of Directors of UMED, was named to Greenway's Board of Directors.
D. Patrick Six, a current member of the Board of Directors of UMED and Executive Vice President of Greenway, was appointed Chairman of UMED's Board of Directors.
Raymond L. Wright, currently a member of UMED's Board of Directors and President of Greenway, was appointed Secretary of UMED.
Ransom B. Jones has previously served on the Board of Directors of UMED. His titles have been President and Interim Chief Executive Officer. His titles have now changed. The title of Interim Chief Executive Officer has been eliminated and he has been named Chief Financial Officer. Going forward, his titles will be President and Chief Financial Officer.
The independent accounting firm of Soles, Heyn & Company have been named as UMED's auditors. The Company was previously served by Patrick Heyn, a sole practitioner that merged with Soles to create the new firm, Soles, Heyn & Company.
February 13, 2017
s/
Ransom Jones
Ransom B. Jones
President and Chief Financial Officer
UMED Holdings, Inc.