Renewal Fuels, Inc (RNWF)

[gumzsa]

8-k out

http://archive.fast-edgar.com//20200408/AE22M62CZ2223ZZ2222R2Z4DI4GK5C228222/


Item 8.01 Other Events.



On December 19, 2020, Ben Berry, President of Synergy Management Group, LLC, a Wyoming limited liability company a shareholder of the Company, filed a Petition for Appointment of Custodian or Receiver of Corporation with the Laramie District Court, of the State of Delaware, requesting that Mr. Berry be appointed as receiver of the Company. Pursuant to 8 Del. C. § 226(a)(3), the court may appoint an individual as a custodian of a Delaware corporation upon shareholder’s petition for appointment. On February 12, 2020, the Court appointed Ben Berry as custodian of the Company. The Court’s order allows Mr. Berry to exercise all of the powers of the Company, through or in place of its board of directors, to the extent necessary to manage and continue the business and affairs.



Item 5.01 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



On March 13th, 2020 the Company appointed Carey W Cooley as the Company's President and Director. Following the elections of the new officer Ben Berry submitted his resignation from all positions with the Company.



Item 3.02 Unregistered Sales of Equity Securities



On March 16, 2020, the company sold one (1) Special 2019 series A preferred share of the company for an agreed upon purchase price to Krisa Management, LLC. The Special preferred share controls 60% of the company’s total voting rights. The issuance of the preferred share to Krisa Management, LLC. gave the controlling vote to control and govern the affairs of the company going forward.