Date of Filing: November 5, 2019
Actions Approved by the Board Of Directors
A regular meeting of the Hannover House, Inc. Board of Directors was held on Thursday, Oct. 31, 2019 at 3:00-pm at the Company’s Management Office located in Fayetteville, AR. The following actions were reviewed, discussed, and as noted, adopted by the Board of Directors:
1). RESPONSIVE FILING TO JSJ (TEXAS) – The Board approved the authorization of filing this week the evidence and declarations proving full satisfaction of the JSJ claims in the Dallas, TX courts by attorney James Carroll. The previously prepared filings were withheld from submission to the court in order to allow JSJ the opportunity to voluntarily file the motion for Satisfaction of Judgment.
2). APPROVAL OF SETTLEMENT TERMS – “Getting Grace, LLC” Matter – The Board approved of terms to present to the court in Pennsylvania regarding the settlement and final resolution of the dispute regarding distribution rights and payments for the film, “Getting Grace.” Brian Keil of the Laputka Law Firm has been provided with the Board approved terms and will endeavor to have this matter fully resolved by Nov. 7.
3). NOTICE OF ARKANSAS HEARING – The Board approved the formal filing of a notice to dispute the October 8, 2019 “order” from the Arkansas Department of Securities based on discussions with, and information received directly from the same department which invalidates the order and applicability.
4). APPROVAL OF BOOKKEEPER AND CFO POSITIONS – The Board approved the hiring of a full-charge bookkeeper at a salary range of between $36,000 and $60,000 based on experience and skills; the Board also approved the hiring of a Chief Financial Officer for the company at a salary of between $70,000 and $120,000 based on experience and skills.
5). THEATRICAL COMMITMENT FOR “THE FINAL MINUTE” – The Board approved the issuance of a theatrical releasing commitment for the Action / Sci-Fi Feature, “THE FINAL MINUTE,” scheduled for production in April and May of 2020. Based upon the high-profile cast and budget, (both of which are subject to Company’s reasonable approval), Company will commit to the North American distribution terms as set forth, including the production company’s requirement of a theatrical launch of the film onto at least five-hundred (500) screens, which release is planned for mid-October 2020.
