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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers
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Effective May 2, 2017, Stop Sleep Go Inc. (“we”,
“us”, “our”, the “Company”)
accepted the resignation of Nicholas Hargreaves as Interim
President, Chief Executive Officer, Chief Financial Officer,
Treasurer, and Secretary of our company. Subsequently, on May 3,
2017, Mr. Hargreaves also resigned as a Director of our Board of
Director. Mr. Hargreaves’ resignation was not the result of
any disagreements with our company regarding our operations,
policies, practices or otherwise. In the interim, Mr. Hargreaves
will remain an officer and Director of our wholly owned U.K.
subsidiary, Stop Sleep Go Limited, in order to support our
transition to new management.
Concurrently with Mr. Hargreaves’ resignation, Jaime de Leon
Melendres consented to act and was appointed as President, Chief
Executive Officer, Chief Financial Officer, Treasurer, Secretary
and Director of our company.
Jaime De Leon Melendres – age 70, President, Chief Executive
Officer, Chief Financial Officer, Treasurer, Secretary and
Director
Jaime (Jimmy) De Leon Melendres is an entrepreneur and executive
with over forty years’ management experience in the private
and public sectors in the Philippines. Mr. Melendres began his
professional career in 1975 spending over a decade as a marketing
and operations executive in the aerospace and construction
industries. From 1987 to 1992, he served in various roles at the
Philippine Amusement & Gaming Corp, including Head of Corporate
Planning & Marketing, and Head of Marketing &
Entertainment. From 1995 to 1998, Mr. Melendes was Executive Vice
President of Clark Development Corporation, a government
corporation tasked with
the conversion of the former U.S. Clark Air Force
Base (Luzon, Philippines) into a special economic zone and free
port. In that capacity, he was responsible for a workforce of over
600 organic and 2,500 contractual workers, and oversaw the
restoration and transformation of the military base facility into
an export oriented industrial free port, commercial hub, and
aviation complex. During his tenure at Clark Development, he also
established CDC Services Corporation, a business development arm
and promoter of private enterprises inside the special economic
zone.
Since 1998, Mr. Melendres has served as Corporate Secretary of FSC
Holdings Corp. and Four Star Consulting, a management consulting
group providing venture capital, logistics, and marketing services
to companies setting up business in the Philippines. Among his
other current interests and activities, Mr. Melendres is the
proprietor and general manager of Bundok Atbp. Agrifarm, a cassava
planter and aggregator for San Miguel Foods in Rizal Province;
Chairman of Pililla Prime Producers Cooperative, a farmers’
cooperative of which he is a founder; and, Vice President for
Finance of Risk Matrix Solutions Corp., a provider of software
driven risk assessment and remediation tools that enable banks and
financial institutions to meet the Bangko Sentral ng Pilipinas'
(Philippine Central Bank) performance standards.
Mr. Melendres’ educational background includes a degree of
Bachelor of Science in Economics from Ateneo de Manila University,
and graduate studies in Business Administration at the Asian
Institute of Management. He is also a licensed insurance and
securities advisor. He is 70 years of age.
Our company believes that Mr. Melendres’ marketing, finance
and operations experience give him the qualifications and skills
necessary to serve as President, Chief Executive Officer, Chief
Financial Officer, Treasurer, Secretary and Director of our
company.