Current Report Filing (8-k)
June 01 2020 - 9:31AM
Edgar (US Regulatory)
0001764443
false
NA
5348 Vegas Drive
NV
0001764443
2020-05-28
2020-05-28
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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):
May
28, 2020
Ghar
Inc.
(Exact
Name of Registrant as Specified in its Charter)
Nevada
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333-230956
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35-2649453
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(State of incorporation)
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(Commission File
Number)
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(IRS Employer
Identification
No.)
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5348
Vegas Drive
Las
Vegas, NV
(Address
of principal executive offices)
(800)
404-4238
(Registrant’s
telephone number, including area code)
(Former
Name or former address if changed from last report.)
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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None
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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 (see General Instruction A.2. below):
☐
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Written communications pursuant to Rule 425
under the Securities Act (17 CFR 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. ☐
Item
5.01 Changes in Control of Registrant.
On
May 28, 2020, as a result of a private transaction, 29,500,000 shares of common stock (the “Shares”) of Ghar Inc.
(the “Company”), were transferred from Hamza Abid to Custodian Ventures LLC (the “Purchaser”). The consideration
paid for the Shares, which represent approximately 95% of the issued and outstanding share capital of the Company on a fully-diluted
basis, was $45,000. The source of the cash consideration for the Shares was personal funds of the Purchaser. In connection with
the transaction, Hamza Abid released the Company from all debts owed.
There
are no arrangements or understandings among members of both the former and new control persons and their associates with respect
to the election of directors of the Company or other matters. The information set forth in Item 5.02 of this Form 8-K is incorporated
by reference into this Item 5.01.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
Upon
the change of control of the Company and the execution of the resignation by Mr. Abid, which occurred on June 1, 2020, the existing
director and officer tendered his resignation. Accordingly, Hamza Abid, serving as the sole director and as the only officer,
will cease to be the Company’s President, Chief Executive Officer, Treasurer, Secretary and Director. Also on June 1, 2020,
David Lazar consented to act as the new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the
Company.
David
Lazar, 29, has been an officer and Chairman of the Company since June 1, 2020. David Lazar is a private investor with business
experience. Mr. Lazar has been a partner at Zenith Partners International since 2013, where he specializes in research and development,
sales and marketing. From 2014 through 2015, David was the Chief Executive Officer of Dico, Inc., which was then sold to Peekay
Boutiques. Since February of 2018, Mr. Lazar has been the managing member of Custodian Ventures LLC, where he specializes in assisting
distressed public companies. Since March 2018, David has acted as the managing member of Activist Investing LLC, which specializes
in active investing in distressed public companies. David has a diverse knowledge of financial, legal and operations management;
public company management, accounting, audit preparation, due diligence reviews and SEC regulations.
Other
expertise includes early stage company capital restructuring, debt financing, capital introductions, and mergers and acquisitions.
Item
9.01 Financial Statements and Exhibits.
(d)
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.
June
1, 2020
Ghar
Inc.
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/s/
David Lazar
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By:
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David Lazar
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Title:
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President
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EXHIBIT
INDEX
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