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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 3.02.
UNREGISTERED SALES OF EQUITY SECURITIES
The following table sets forth, as of March 30, 2016, the beneficial ownership of the outstanding common stock by: (i) any holder of more than five (5%) percent; (ii) each of our executive officers and directors; and (iii) our directors and executive officers as a group. Unless otherwise indicated, each of the stockholders named in the table below has sole voting and dispositive power with respect to such shares of common stock. As of the date of this Current Report, there are 75,000,000 shares of common stock issued and outstanding.
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Name and Address of Beneficial Owner Directors and Officers:
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Amount and Nature of Beneficial Ownership
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Percentage of Beneficial Ownership
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Michael Cothill
(1)
311 Broadway
Point Pleasant Beach, NJ 08742
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45,000,000
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60.00%
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All executive officers and directors as a group (1 person)
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45,000,000
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60.00%
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(1)
Michael Cothill acquired these shares on March 23, 2016 in a private transaction from Luis Asdruval Gonzalez Rodriguez and Miguel Guillen Kunhardt, our former principal shareholders and officers and directors. Mr. Cothill is President and a Director of Hammer.
ITEM 5.01.
CHANGES IN CONTROL OF REGISTRANT
On March 23, 2016, Michael Cothill acquired control of forty-five million (45,000,000) shares (the Purchased Shares) of the Companys issued and outstanding common stock, representing approximately 60.00% of the Companys total issued and outstanding common stock, from Luis Asdruval Gonzalez Rodriguez and Miguel Guillen Kunhardt in accordance with a stock purchase agreement by and among, on the one hand, Mr. Cothill and, on the other hand, Mr. Gonzalez and Mr. Guillen (the Stock Purchase Agreement). Pursuant to the Stock Purchase Agreement, Mr. Cothill paid an aggregate purchase price of twelve thousand five hundred dollars ($12,500.00) to Mr. Gonzalez and Mr. Guillen in exchange for the Purchased Shares.
As a result of the Stock Purchase Agreement, the following changes to the Company's directors and officers have occurred:
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As of March 30, 2016, Luis Asdruval Gonzalez Rodriguez resigned from all positions with the Company, including but not limited to those of President, Chief Executive Officer, and Director.
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As of March 30, 2016, Miguel Guillen Kunhardt resigned from all positions with the Company, including but not limited to those of Treasurer, Chief Financial Officer, Secretary and Director.
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As of March 30, 2016, Michael Cothill was appointed as the sole member of the Companys Board of Directors and as the Companys President, Chief Executive Officer, Chief Financial Officer, Treasurer, and Secretary.
ITEM 5.02.
DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
Mr. Gonzalez and Mr. Guillen resigned from all positions with the Company effective as of March 30, 2016, including those on the Board of Directors and from their respective positions as President, Chief Executive Officer, Chief Financial Officer, Treasurer, and Secretary. The resignations were not the result of any disagreement with the Company on any matter relating to the Companys operations, policies or practices.
On March 30, 2016, Mr. Michael Cothill was appointed as the sole member of the Companys Board of Directors and as the Companys President, Chief Executive Officer, Chief Financial Officer, Treasurer, and Secretary.
The biography for Mr. Michael Cothill is set forth below:
MICHAEL COTHILL.
Michael Cothill, age 59, is the sole member of the Companys Board of Directors and serves as the Companys President, Chief Executive Officer, Chief Financial Officer, Treasurer, and Secretary. Mr. Cothill has dedicated his entire career to serving the developing Telecommunications and Broadband markets around the world and has led several startup and established companies to participate in new vertical markets in the industry. In recent assignments, Michael headed up Somcable Limited in Djibouti, North East Africa as its CEO, a company formed to design, install and deploy a Terrestrial Fiber Optic cable between Djibouti and Somaliland. Under Michaels leadership, Somcable successfully completed this task which included a fully equipped Data Center in the region capable of delivering IP Switching and Routing technology. Michael was awarded the Global telecoms Business Innovations Award 2013 for Solving the Broadband Access Challenge in Africa. Michael has held several executive and senior consulting roles with telecommunications organizations such as Globecomm Systems in New York and Intercel Telecoms Group, the first company to deploy mobile communications in Africa. Michael also serves on the Advisory Board of Jonathan Capital Partners.
Mr. Cothill was selected as a Director of the Company based on his experience and ability to derive revenues via new technologies and vertical markets, and his focus is intended to be on restructuring and development of the enterprise value of the Company.
ITEM 9.01.
FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits: