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

 

 

 

September 30, 2020

Date of Report (Date of Earliest event reported)

 

SHARING SERVICES GLOBAL CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

 

Nevada   000-55997   30-0869786

(State or other Jurisdiction

of incorporation)

  (Commission
File Number)
  (IRS Employer
Identification No.)

 

1700 Coit Road, Suite 100, Plano, Texas 75075
(Address of principal executive offices)

 

Registrant’s telephone number, including area code: 469-304-9400

 

SHARING SERVICES GLOBAL CORPORATION

(Former Name or Former Address, If Changed Since Last Report)

 

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:

 

  [  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ] Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (/Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).

 

Emerging growth company [X]

 

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Mr. Frank A. Walters, the Company’s Chief Financial Officer, has informed the Company of his intent to retire effective October 1, 2020. The Company’s Board of Directors has started a search for a new Chief Financial Officer. Mr. Walter has served as Secretary, Treasurer and Chief Financial Officer of the Company since March of 2018.

 

In connection with Mr. Walters’s separation, the Company and Mr. Walters entered into a Severance Agreement and terminated the Amended and Restated Executive Employment Agreement between the Company and Mr. Walters dated as of May 16, 2019. In addition, the Company and Mr. Walters entered into a First Amendment to Severance Agreement pursuant to which Mr. Walters will serve as the Company’s Interim Chief Financial Officer effective October 1, 2020 and until the earlier of December 31, 2020 or the date when his successor is appointed.

 

ITEM 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit Number  

Description

     
1.1   Letter of Resignation from Frank A. Walters dated September 30, 2020 *
1.2   Severance Agreement between Sharing Services Global Corporation and Frank Allan Walters *
1.3   First Amendment to Severance Agreement between Sharing Services Global Corporation and Frank Allan Walters *

 

* Included herewith

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: September 30, 2020 SHARING SERVICES GLOBAL CORPORATION
     
  By: /s/ John Thatch
  Name: John Thatch
  Title: President, Chief Executive Officer and Director

 

3

 

Sharing Services Global (QB) (USOTC:SHRG)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Sharing Services Global (QB) Charts.
Sharing Services Global (QB) (USOTC:SHRG)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Sharing Services Global (QB) Charts.