Gregg W. Koechlein as a director on March 26, 2019 to fill the vacancy created through Mr. Vardakis’ resignation.
Mr. Koechlein has served as the Company’s Chief Operating Officer, Chief Financial Officer, Secretary, Treasurer and General Counsel since December 31, 2018. He has served as a director since March 26, 2019. He has served in those capacities for the Company’s wholly-owned subsidiary, High Sierra Technologies, Inc., since its inception in August 2018 and continues to do so. Mr. Koechlein has maintained an active law practice for the last five years focusing mainly on transactional work, state and federal court litigation and federal appellate work. He has also provided consulting services to various clients in the medical, clinical laboratory and restaurant sectors. Mr. Koechlein received his Juris Doctor degree from the Loyola Law School in Los Angeles, California in 1984. He brings to the Company over 33 years of legal experience and over 45 years of business experience. From 1987 to 1989 Mr. Koechlein was Vice President of Manufacturing and General Counsel of Super Shops, Inc. He served as its President, Chief Operating Officer and General Counsel from 1989 to 1997. As President, he was responsible for all operational and strategic aspects of a chain of 165 retail stores in 31 states, employing nearly 2000 people. These operations included a mail order sister company startup that had first year annual revenues of $35 million. During his tenure, Super Shops, Inc. grew from 53 to 165 stores, one to four warehouses and the annual consolidated revenues grew from $80 million to approximately $250 million. During this same time period, the Mallory, Inc. subsidiary nearly tripled its annual revenues.
In the Company’s acquisition of High Sierra Technologies, Inc., a Nevada corporation (“High Sierra”) which was consummated on December 31, 2018, Mr. Koechlein exchanged his 3,250,000 shares of High Sierra common stock for an equal number of shares of the Company’s common stock on a 1 for 1 share basis, and Mr. Koechlein was appointed as the Company’s Chief Operating Officer, Chief Financial Officer, Secretary and Treasurer. For additional information concerning this transaction, see the Company’s Current Report on Form 8-K dated December 31, 2018 and filed with the Securities and Exchange Commission on January 2, 2019.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On March 25, 2019, a Special Meeting of the Stockholders of the Company was held in Reno, Nevada pursuant to a Notice to Stockholders and a Proxy Statement. A total of 18,955,500 shares of the Company’s common stock were represented in person or by proxy at the meeting. The Company has a total of 20,189,642 shares of its common stock issued and outstanding, so approximately 93.9% of the outstanding shares were represented at the meeting.
Just another Desperado waiting for a train.
