This is great news WEYL is getting capital fund managers on as BOD. Jon Najarian was clearly not suited for the position to bring in institutional investors Falcon specializes in uplisting and IPOs...
ITEM 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 22, 2019, Jon Najarian resigned as a member of the board of directors ( “ Board ” ) of Weyland Tech Inc., a Delaware (the “Company”). To the Company’s knowledge, Mr. Najarian’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
On July 22, 2019, effective immediately upon Mr. Najarian’s resignation, Wilson Rondini III was appointed as a member of the Company’s Board, to serve until his successor shall be duly appointed, unless he resigns, is removed from office, or is otherwise disqualified from serving as a director of the Company. At this time, the Company and Mr. Rondini have not entered into any arrangement regarding the payment of compensation for his services as a director of the Company.
Wilson Rondini, III, age 56, is the Managing Partner of Falcon Capital LLP, an international group of consulting firms dedicated to providing a wide range of services to businesses of all sizes, and in particular, to deliver business development and change management advice to small and medium sized companies across a wide range of industries in both developed and emerging markets. Mr. Rondini has held this position since 1998. Mr. Rondini also a member of the board of directors of Job.com, since November 2017, and TuneGo, since October 2015. Mr. Rondini received a degree in Finance/Economics from Elmhurst College in 1984.
Based on Mr. Rondini’s work experience, education , directorship history, and demonstrated ability to assist companies with capital raising activities, the Board believes that he is well qualified to serve as a director of the Company.
Except as otherwise disclosed in this report, there are no arrangements or understandings between Mr. Rondini and any other persons pursuant to which he was appointed as a director. In addition, there are no family relationships between Mr. Rondini and any of our other officers or directors.
As mentioned above, Mr. Rondini is the Managing Partner of Falcon Capital LLP, which is assisting the Company with capital raising activities, for which it will be paid a fee.
