Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 23, 2012, the director and CEO of YesDTC Holdings, Inc. (the "Company"), Joseph Noel, tendered his resignation of all offices of the Company and resigned as the Company's sole director.
On February 23, 2012, Chief Financial Officer of the Company, William Bush, tendered his resignation as Chief Financial Officer.
As of this date of this filing, all directors and officers of the Corporation have resigned their positions.
Item 8.01 Other Events.
On February 23, 2012, the Company was notified buy its licensor for the MotorBooster fuel catalyst product the licensing agreement between the two entities was being terminated due to lack of progress in marketing the product. As a result, YesDTC holdings will no longer pursue this line of business.
As of February 23, 2012, YesDTC Holdings Inc. will cease business operations due to its inability to secure adequate financing.