TMCNet: CANWEALTH MINERALS CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
[August 21, 2014]
CANWEALTH MINERALS CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Carl Caumartin as a Director On March 21, 2014, the holders of 87% of the outstanding voting stock of Canwealth Minerals Corporation, a Delaware corporation (the "Company"), elected Mr. Carl Caumartin as a member of the Board of Directors of the Company (the "Board"), to hold such position until the next annual meeting of the stockholders of the Company or until his successor is duly elected and qualified.
Mr. Caumartin has not yet been named to any committees of the Board. There is no related party transaction, or any currently proposed related party transaction, involving the Company in which Mr. Caumartin or any of his immediate family members had or will have a direct or indirect material interest.
Appointment of Neji Jedda as a Director On March 21, 2014, the holders of 87% of the outstanding voting stock of the Company elected Mr. Neji Jedda as a member of the Board, to hold such position until the next annual meeting of the stockholders of the Company or until his successor shall be duly elected and qualified.
Mr. Jedda has not yet been named to any committees of the Board. There is no related party transaction, or any currently proposed related party transaction, involving the Company in which Mr. Jedda or any of his immediate family members had or will have a direct or indirect material interest.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On March 21, 2014, in accordance with the Bylaws of the Company (the "Bylaws"), the sole director approved amendments to the Bylaws (i) to allow for a Board consisting of more than one (1) person, (ii) to allow the size of the Board to be increased or decreased by resolution of the Board or the stockholders of the Company, and (iii) to allow any vacancy created by an increase in the size of the Board to be filled by the remaining directors of the Company (collectively, the "Bylaws Amendments"), which amendments were effective immediately. The sole director also approved an increase to the number of directors constituting the Board from one (1) to three (3) directors.
The text of the Bylaws Amendments are set forth on Exhibit 3.1 hereto, which is incorporated herein by reference.
[ Back To Technology News's Homepage ]
