Arias Intel Corp. (fka ASNT)

[Zardiw]

ASNT files 8K:

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



On August 9, 2018, the Board of Directors (the “Board”) of Arias Intel Corp. (the “Company”) accepted the resignation of Kevin Gillespie, the Company’s Chairman of the Board, President, and Chief Executive Officer.



Subsequently, also on August 9, 2018, the Board appointed Daniel Hammett, the Company’s Chief Technology Officer, Executive Vice President, and sole remaining member of the Board as its Interim President and Chief Executive Officer.



As a result of the resignation of Mr. Gillespie, Mr. Hammett becomes the Company’s sole officer and director and therefore has no family relationship with other officers or directors of the Company. Additionally, there are no understandings or arrangements between Mr. Hammett and any other person pursuant to which Mr. Hammett was appointed as Interim Chief Executive Officer of the Company.



On October 2, 2015, the Company entered into a game development and licensing agreement (the “Development Agreement”) with HKA Digital Ltd. (“HKA”). HKA is majority owned by Mr. Hammett. The Company paid HKA $199,000 and $575,400 for the years ended March 31, 2018 and 2017, respectively. As of March 31, 2018, the Company had paid HKA an aggregate of $1,394,400 under the Development Agreement. The total value of the Development Agreement is $2,000,000 based on certain development parameters and ongoing scope of work.



Set forth below is the biographical information of Mr. Hammett, as required by Item 401 of Regulation S-K.



Daniel Hammett, 55, has been the Chief Technology Officer, Executive Vice President and Director since of the Company August 2017. He has over 28 years of executive experience as a software designer, developer and publisher. Since November 2014, Mr. Hammett has served as the Chief Executive Officer of HKA, a studio and publisher of entertainment and social games developed for mobile, desktop, online and console platforms, which developed the Company’s Hemp Inc mobile game. From November 2013 until November 2015, Mr. Hammett served as Chief Executive Officer of KamaGames Ltd., the creator of a leading mobile poker game entitled Pokerist, which has over 90 million downloads. From January 2013 until May 2014, he served as Chief Executive Officer and President of iEntertainment Network, Inc., and from December 2009 until December 2012, he served as Chief Operating Officer of Mastiff LLC. Mr. Hammett has previously held executive officer roles with such noted companies as Activision Blizzard, Inc., NBCUniversal Media, LLC, Headgames Publishing, Inc. and Divergent Entertainment, Inc. Since August 2015, Mr. Hammett has served as an advisory board member of BWG Strategy LLC, a network of senior executives across technology, media and telecom. During his career, Mr. Hammett has led the development of such iconic games, intellectual properties and brands as Call of Duty, Spiderman, Toy Story, Tony Hawk, Cabela’s Big Game Hunter and many others. He has also founded four companies which have been acquired by publicly-traded companies on the NYSE, Nasdaq and the OTC Markets. Mr. Hammett received his B.S. in economics from California Polytechnic State University, where he was a two-time All-American wrestler.



z