FBEC........
Item 5.02 Departure of Directors or Certain officers; Election of Directors; Appointment of Certain officers; Compensatory Arrangements of Certain Officers
The 8-K filed September 11, 2015, accepted at 10:32 am EST, in regard to Item 1.01 and Item 9.01 was filed without proper authorization and had incorrect and erroneous statements included in the disclosure.
Per the 8-K/A filed September 11, 2015, accepted at 9:58 am EST, the Board of Directors and Chairman of the Board were replaced. The body of the 8-K/A previously filed is repeated below.
Effective at 10 P.M. EDT September 10, 2015 the employment contract for Robert Sand was suspended pending the outcome of a corporate investigation related to his activities as Chief Executive Officer and Chairman of the Board of Directors, for actions detrimental to the corporation, conflicts of interest, breaches of fiduciary responsibility and potential fraud. A corporate investigation of his actions is underway and all legal and equitable actions that can be taken by the corporation for recovery of assets or capital have been approved.
Adam Heimann and Jason Spatafora were nominated to the Board of Directors to fill the vacancies. This action was taken at the consent of 66.67% of the shareholders votes capable of voting on the removal of the members of the board of directors and was then approved by the newly appointed Board of Directors.
Mr. Heimann was elected as the President and Chairman of the company with Mr. Spatafora as Secretary/Treasurer. Additional officers and directors will be added as they are qualified and agree to their inclusion.
Employment contracts with Mr. Heimann and Mr. Spatafora will be filed separately as they are agreed to.
The Company received and accepted the resignation of Michael Wilcox as a member of the Board of Directors.
WOULDN'T IT BE FUN IF A LIAR'S PANTS REALLY WOULD CATCH ON FIRE?
