Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective on May 31, 2018, the Company’s then President, CEO and director, Mr. Daniel Dror, resigned from the Company. Such Resignation was not in connection with a disagreement with the Company or in connection with any matter relating to the Company’s operations, policies or practices.
Effective immediately after the resignation of Mr. Dror, the sole director of the Company (Mr. Charles R. Zeller) appointed Mr. Everett Bassie as a member of the Board of Directors to fill the vacancy created by the resignation of Mr. Dror and Mr. Robert Holden to fill the additional vacancy created on the Board.
Additionally, the Board of Directors then consisting of Mr. Zeller, Mr. Bassie, and Mr. Holden, appointed Robert Holden as the President and Chief Executive Officer of the Company and Mr. Bassie as the Company’s Chief Financial Officer, Secretary and Treasurer.
Mr. Bassie and Mr. Holden are not parties to any material plan, contract or arrangement (whether or not written) with the Company and there are no arrangements or understandings between Mr. Bassie or Mr. Holden and any other person pursuant to which either was selected to serve as a director or officer of the Company, nor is Mr. Bassie or Mr. Holden a participant in any related party transaction required to be reported pursuant to Item 404(a) of Regulation S-K.
The biographical information of Mr. Bassie and Mr. Holden is included below.
Mr. Everett Bassie
, age 65, founded Bassie & Co., a certified public accounting firm located in Houston, Texas in October 1991. Bassie & Co. was involved in all aspects of accounting. Mr. Bassie closed Bassie & Co. during the second quarter of 2010. Since the closing of Bassie & Co., Mr. Bassie has performed consulting services in connection with tax, accounting and pubic company accounting advisory services. Prior to forming Bassie & Co., Mr. Bassie was a senior audit manager in the Houston office of KPMG Peat Marwick. Mr. Bassie worked for KPMG Peat Marwick from June 1981 to October 1991.
Mr. Bassie holds a Masters in Business Administration from the University of Houston Clear Lake City and a Bachelors of Science in accounting from Florida A& M University.
Mr.
Robert Holden
, age 35, served as Vice President of Digital Marketing at Lead Vision Media LLC., in Oklahoma City, Oklahoma from December 2016 to May 2018. Mr. Holden also spent several years (September 2012 to October 2016) at Mobile Display Genius, where he held a variety of management roles, ultimately serving as the company’s Chief Marketing Officer, and leading a successful effort to streamline operations, strengthen profit and drive growth. Mr. Holden joined Whitefence.com in 2009 (acquired by Allconnect.com) where he was responsible for all digital and affiliate marketing opportunities for the company through February 2014. Mr. Holden graduated with an Electrical Engineering degree in 2005, from Prairie View A&M University, in Prairie View, Texas.