Alkaline Water Comp Inc (WTER)

[236T568]

WTER President & CEO FIRED

Fired on April 7, 2017, but notice that scam company WTER never filed an 8K for the Nov 18, 2016 Material Event when WTER gave notice of "Just cause" for termination of employment agreement.

not surprised though

and why is it not surprising?

because this is what scam companies do!




http://ih.advfn.com/p.php?pid=nmona&article=74336660&symbol=WTER

Item 8.01 Other Events

On November 18, 2016, our company provided notice to Steven Nickolas, our CEO and President, of our board of director’s finding that there is “just cause” for termination of Mr. Nickolas’s employment and of our company’s intent to terminate the employment of Mr. Nickolas for “just cause” pursuant to the provision of the Employment Agreement with Mr. Nickolas dated March 1, 2016. Under the Employment Agreement, Mr. Nickolas had 30 days to cure the failures and breaches creating “just cause” for termination. Mr. Nickolas failed to cure such failure and breaches and, on April 7, 2017, our company terminated the employment of Mr. Nickolas for cause. In addition, our company removed Mr. Nickolas as the President and Chief Executive Officer of our company.

As the company’s bylaws require that our company appoint a President, our board of directors appointed Richard A. Wright as the President of our company on April 7, 2017. Mr. Wright is currently the Vice-President, Chief Operating Officer, Secretary, Treasurer and a director of our company.

Mr. Wright is a Certified Public Accountant. He graduated Magnum Cum Laude in 1978 from Mount Union University in Alliance, Ohio. He has done graduate level MBA courses at Case Western Reserve College in Cleveland, Ohio. In 2008, Mr. Wright became the Chief Financial Officer for PCT International. PCT is a leading worldwide developer and manufacturer of last mile and access network solutions for broadband communication networks. PCT focuses on innovative and cost-effective solutions that allow service providers to improve system integrity and expand service offerings. It has manufacturing plants in USA and China and sells their products in 42 countries. In 2010, Mr. Wright began his own tax and accounting CPA firm in Scottsdale, Arizona, Wright Tax Solutions PLC. Mr. Wright also began Wright Investment Group, LLC, a small equity participation firm that helps provide seed capital through micro loans and financial expertise to start-up enterprises.

There are no family relationships between any director or executive officer of our company. For a description of related party transactions involving Mr. Wright, please see the company’s Form 10-K filed on July 14, 2016.