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Re: vip1999 post# 159836

Wednesday, 09/21/2016 12:34:52 PM

Wednesday, September 21, 2016 12:34:52 PM

Post# of 403461
"Do they have to explicitly indicates who is the chairman...."
No, not on the signature page.

...or is it implied the last guy is still the chairman?"
Doesn't matter...they just need to sign as directors on that page. There's no need to designate the Chairman.



"Or something changed internally from July 1, 2016 to September 12, 2016. If so, as you have indicated, wouldn't that trigger an 8k?"
I don't think that the change of LE to KM as Chairman required an 8-K. However there is an Item 8.01 Other Events under which it could have been filed voluntarily.

I don't think (and didn't mean to suggest) that this is any kind of big deal. The Chairman's position is mostly administrative...they have no noteworthy power that I know of. Their vote is no more meaningful. As far as I know it's just a matter of some additional duties regarding the conduct of meetings, etc.


If I'm wrong about any of that I'm sure someone will pipe up.



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