Current Report Filing (8-k)
January 29 2018 - 6:07AM
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 19, 2018
Cardinal
Energy Group, Inc.
(Exact
name of registrant as specified in its charter)
Nevada
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000-53923
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26-0703223
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(State
or other jurisdiction of
incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
No.)
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Two
Galleria 13455 Noel Road Suite 925 Dallas, Texas
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75240
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
(325)-762-2112
(Former
name or former address, 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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
SECTION
5 – Corporate Governance and Management
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
On
January 19, 2018, Mr. John Jordan resigned as members of the Board of Directors. Mr. Jordan has decided to retire from corporate
duties after 48 years in the oil and gas business and devote his time to his extensive family and to his volunteer work with US
veterans. There was no known disagreement with Mr. Jordan on any matter relating to our operations, policies or practices.
Also
on January 19, 2018, our Board of Directors appointed Mr. J. Richard (Rick) Iler as our Chief Financial Officer.
Mr.
Iler has been a financial and accounting professional experienced in both public and privately held early stage companies for
over 30 years, serving as a Chief Financial Officer of various technology companies. He has extensive capital markets, corporate
finance and venture capital experience. Throughout his career, he has experience in merger and acquisitions, structuring, sourcing
or closing of nearly $400mm in debt and nearly $200 mm in equity financings in various structures. He founded Iler and Associates
Investment Banking raising funding for several drilling programs. He has served as a board member and corporate secretary responsible
for, corporate governance, shareholder communications and investor relations. His previous experience includes institutional corporate
bond sales at major bulge bracket firms and fixed income portfolio manager, Treasurer and Chairman of Asset/Liability Committee
for a regional Texas savings bank. Most recently, he is a co-founder and Board Member of InfoGPS Networks, Inc., a cybersecurity
firm that tracks all devices and data on the information network, continually, ranks the sensitivity of data by device and provides
a cyber value of the cost of remediating such a breach.
Mr.
Iler does not hold and has not held over the past five years any other directorships in any company with a class of securities
registered pursuant to Section 12 of the Exchange Act or subject to the requirements of Section 15(d) of the Exchange Act or any
company registered as an investment company under the Investment Company Act of 1940.
There
are no family relationships between Mr. Iler and any of our directors or executive officers.
Aside
from the following, Mr. Iler has not had any material direct or indirect interest in any of the Company’s transactions or
proposed transactions over the last two years.
On
January 15, 2018, we entered into a three month Consulting Agreement with Mr. Iler to serve as Chief Financial Officer. We agreed
to pay Mr. Iler a monthly retainer fee of $2,500. A copy of the Consulting Agreement is attached hereto as Exhibit 10.1.
SECTION
8 – Other Events
Item
8.01 Other Events
We
have officially severed all ties with Mr. Tim Crawford effective on January 19, 2018. Mr. Crawford has been aiding our new management
to locate documents for the 2016 audit since he resigned on July 31, 2017 as Director and Chief Executive Officer. Mr. Crawford
maintained a consulting-based relationship only through the transition into new management and that relationship has now been
terminated by our Board of Directors.
SECTION
9 –
Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits.
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.
Cardinal
Energy Group, Inc.
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/s/
Stanley Ford
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Stanley
Ford
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Chief
Executive Officer
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Date:
January 25, 2018
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