Current Report Filing (8-k)
March 15 2018 - 4:10PM
Edgar (US Regulatory)
ACURRENT
REPORT FOR ISSUERS SUBJECT TO THE
1934
ACT REPORTING REQUIREMENTS
FORM
8-K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Date
of Event: March 13, 2018
(Date
of earliest event reported)
GREEN
ENDEAVORS, INC.
(Exact
name of registrant as specified in its charter)
Utah
(State
or other jurisdiction of incorporation or organization)
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000-54018
(Commission
File Number)
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27-3270121
(IRS
Employer Identification Number)
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59
West 100 South, Suite 200, Salt Lake City, Utah 84101
(Address
of principal executive offices)
(801)
575-8073
(Registrant’s
telephone number, including area code)
ITEM
5.01 Changes in Control of Registrant
Sack
Lunch Productions Inc. (SAKL) has entered into an agreement with LCF Salons LLC (LCF) and TCA Global Credit Master Fund, LP (“TCA”)
by which in exchange for a cash payment of $100,000 to reduce the debt obligation of SAKL to TCA, TCA will release all claims
from its $2.2 million Senior Secured Credit Facility Agreement and related notes as to Green Endeavors Inc., Landis Salon Inc.,
Landis Salons II, Inc. and Landis Experience Center LLC (Salon Businesses) and authorize SAKL to transfer all securities its holds
in any of the Salon Businesses to LCF, including 10,000,000 shares of Supervoting Preferred, 4,183,081 shares of common stock
and 230,621 shares of Series B Preferred Stock of Green Endeavors Inc. and LCF shall release Sack Lunch from the $100,000 obligation
in exchange for the transfer of those shares.
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(1)
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Control
of the Company has been acquired by LCF Salons LLC of which Logan C. Fast, a former officer and director of Green Endeavors
is the member/manager.
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(2)
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March
13, 2018
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(3)
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LCF
now holds 10,000,000 shares of Supervoting Preferred stock, 4,183,081 shares of common stock and 230,621 shares of Series
B Preferred Stock. These shares give LCF 99.79% voting control of the Company.
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(4)
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LCF
paid $100,000 to obtain a release of the claims of TCA Global Credit against SAKL and the transfer of the Salon Businesses
to LCF and the Company has entered into a promissory note in the amount of $300,000 to be paid to LCF for the release obtained
by LCF from the TCA obligations.
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(5)
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LCF
obtained the funds through a loan from DHX Holdings LLC to LCF, Richard Surber is a member/manager of DHX.
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(6)
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All
shares of Green Endeavors Inc. now held by LCF were obtained from Sack Lunch Productions Inc.
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(7)
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There
are no arrangements or understandings with respect to the election of Directors or other management following the change of
control.
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(8)
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N/A
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ITEM
9.01 Financial Statements and Exhibits
The
following exhibits are included as part of this report:
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.
Dated
this 15
th
day of March, 2018.
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Green
Endeavors, Inc.
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/s/
Richard Surber
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Richard
Surber, CEO & President
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