SECURITIES AND EXCHANGE COMMISSION
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
name of registrant as specified in its charter)
(State or Other Jurisdiction of
(Commission File Number)
(IRS Employer Identification No.)
420 Throckmorton Street, Suite
Ft. Worth, Texas
principal executive offices)
telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is
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Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers Compensatory
Arrangements of Certain Officers.
On May 30, 2019, Mr. Trey Moore resigned from his position as
Chief Executive Officer and Director, and is no longer affiliated with the
company in any capacity. On May 30, 2019, Mr. Lucien Marioneaux resigned from
his position as Director, and is no longer affiliated with the company in any
On June 1, 2019, Mr. James Ketner assumed the role of
President, Chief Executive Officer, and Chairman of the Board.
Item 7.01 Regulation FD
Galenfeha management would like to make clear our intentions
over the next several months to all investors and regulators:
We intend on selling the wholly owned subsidiary Fleaux
Solutions, LLP. This sale will include all operations, assets, and debts
associated with these operations.
There is a possibility we are going to change the name of the
company. This name change will occur if a merger/acquisition is available, and
the name change is necessary to complete the acquisition/merger.
In the event of a merger/acquisition, and only after this
merger/acquisition is solidified where the resultant company and operations new
valuation (using historic averages of the S&P 500 over the last 30 years),
will lead to a substantially higher price per common share than what is being
quoted at the time of this filing, management intends on reversing the common
share structure by 1:10.
Management intends on withdrawing the registration statement.
This by no means should be interpreted that the company is going Dark. We will
report simplified non-audited financial statements on the company website, which
will be made readily available for audit by any regulatory agency or shareholder
to verify the accuracy of the information provided. The primary reason for this
action is to reduce operating cost.
Item 8.01 Other Events
The company paid the principle balance in cash on the final
convertible debenture with Power Up lending. There will be no more common stock
conversions with this note. The company has no outstand debt that converts into
common stock at the time of this filing.
The company changed Transfer Agents from Island Stock Transfer
to Transfer Online. The primary reason for the change in Transfer Agents was to
keep the companys common stock FAST/DWAC services available to shareholders.
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.
Date: June 5, 2019
/s/ James Ketner