Hannover House Inc (HHSE)

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8-K: Snowy Morning, M2 Compliance, C.F.O.



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 8-K


HANNOVER HOUSE, INC.




Section 1 - Registrant’s Business and Operations


Item 1.01 Entry into a Material Definitive Agreement.

A). Theatrical Distribution Pact with Snowy Morning, Inc. – On November 15, 2019, Company entered into an agreement with Snowy Morning, Inc. regarding the licensing of the North American distribution rights to the motion picture “WILDFIRE,” now in production. Over the course of the next six months, Company shall advance or cause to be paid on behalf of Snowy Morning, Inc. sums not to exceed one-hundred-fifty-thousand dollars (USD $150,000) as a recoupable advance against theatrical releasing revenues otherwise due to Snowy Morning, Inc. under the distribution pact with Company. As of the date of this filing, Company has provided $41,641 to Snowy Morning, Inc. to assist with the ongoing production and post production of the film “WILDFIRE.” Hannover House, Inc. CEO Eric Parkinson has been providing services on a non-exclusive, work-for-hire basis to Snowy Morning, Inc. regarding Parkinson’s services in co-writing, co-producing and directing of this feature film. Company shall not be responsible for any of the other costs or obligations of Snowy Morning, Inc. as a result of Company’s agreement to advance recoupable sums to Snowy Morning, Inc. for the completion of “WILDFIRE.” Snowy Morning, Inc. shall retain all other distribution and intellectual property rights (including international, home video, streaming and television), but Hannover House, Inc. shall retain a lien against any other domestic revenues in the event that net theatrical collections from the release of the film to theatres in North America are not sufficient to pay to Hannover House it’s applicable fees, plus recoupment of marketing and releasing costs, plus recoupment of advances paid to Snowy Morning, Inc. by Hannover House, Inc. under this agreement.

B). Engagement of M2 Compliance for S.E.C. Reporting and Filing – In anticipation of the Company’s filing of the Form 10 Registration Statement (and a separate filing for an additional registration of securities), Company has engaged M2 Compliance for the formatting, XBRL Conversion work and direct submissions to the S.E.C. Edgar Database. The initial term of the engagement for M2 Compliance is one (1) year.

C). Engagement of Interim Chief Financial Officer – Company has entered into an agreement with CPA and financial services executive Randall Blanton, to perform work for the Company as interim C.F.O., including recent and ongoing assistance with the preparation and review of Company reports and documents for the Form 10 Registration and the required audits for the Form 10. After Company’s registration with the S.E.C. is approved, Company intends to purchase “Directors and Officers Liability Insurance Coverage” for all principal managers and board members. Mr. Blanton’s initial commitment is for the interim period of ninety (90) days; however, Blanton has expressed his willingness to join Hannover House, Inc. on a full-time basis at such time that the Directors and Officers Liability Insurance Coverage is in place.

https://www.marketwatch.com/investing/Stock/hhse/SecFilings?subview=secarticle&sid=3719664&guid=13973208&type=8



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