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announ, age 64, has been a serial entrepreneur, and investor since 1994. From 2019 to 2020 Mr. Jannoun served as CEO of SPO Global where he successfully completed the merger of SPO Global with Gerapang Health in 2020. From 2018 to 2020 Mr. Jannoun was CIO and a member of the Board of Directors of SPO Global, Inc. Mr. Jannoun is the founder of Tess Holdings LLC, living 360 LLC and Thirty 05 LLC., which concentrate on investments ranging from health care to real estate. In 2020 Mr. Jannoun was one of the founders of Willcox International Holding, an algorithm platform company based in Tampa, Florida. Mr. Jannoun has assisted the companies in which he has served on the Board of Directors, in management or as an investor to find strategic partners to build shareholder value. Mr. Jannoun received a bachelor’s degree in business administration from the American University of Beirut and in 1992 earned a CFP degree.
Changes in Control of Registrant.
As a result of the sale of common and preferred stock by the Sellers, the Company experienced a change in control. Reference is made to the disclosure made under Item 1.01 of this Current Report on Form 8-K, which is incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective April 7, 2021, the Board of Directors accepted the resignation of Daniel T. Meisenheirmer, III as Chairman of the Board of Directors and President of the registrant. The resignation of Mr. Meisenheimer was not as a result of any disagreement with the registrant relating the registrant's operations, policies or practices. Effective April 7, 2021 Saeb Jannoun was appointed to fill the vacancy following the resignation of Daniel T. Meisenheimer, III as Chairman of the Board of Directors and President of USBL.
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Saeb Jannoun, age 64, has been a serial entrepreneur, and investor since 1994. From 2019 to 2020 Mr. Jannoun served as CEO of SPO Global where he successfully completed the merger of SPO Global with Gerapang Health in 2020. From 2018 to 2020 Mr. Jannoun was CIO and a member of the Board of Directors of SPO Global, Inc. Mr. Jannoun is the founder of Tess Holdings LLC, living 360 LLC and Thirty 05 LLC., which concentrate on investments ranging from health care to real estate. In 2020 Mr. Jannoun was one of the founders of Willcox International Holding, an algorithm platform company based in Tampa, Florida. Mr. Jannoun has assisted the companies in which he has served on the Board of Directors, in management or as an investor to find strategic partners to build shareholder value. Mr. Jannoun received a bachelor’s degree in business administration from the American University of Beirut and in 1992 earned a CFP degree.
Michael D. Pruitt, age 60, founded Avenel Financial Group, a boutique financial services firm concentrating on emerging technology company investments, in 1999. In 2001, he formed Avenel Ventures, a technology investment and private venture capital firm. In February 2005, Mr. Pruitt formed Chanticleer Holdings, Inc., then a public holding company (now known as Sonnet BioTherapeutics Holdings, Inc.), and he served as Chairman of the Board of Directors and Chief Executive Officer until April 1, 2020, at which time the restaurant operations of Chanticleer Holdings were spun out into a new public entity, Amergent Hospitality Group, Inc., where Mr. Pruitt has served as its Chairman and Chief Executive Officer to date. Mr. Pruitt also served as a director on the board of Hooters of America, LLC from 2011 to 2019. Since October 31, 2020, Mr. Pruitt has been a member of the Board of Directors of IMAC Holdings, Inc. (IMAC:Nasdaq). Mr. Pruitt received a B.A. degree from Coastal Carolina University, where he currently sits on the Board of Visitors of the E. Craig Wall Sr. College of Business Administration, the Coastal Education Foundation Board, and the Athletic Committee of the Board of Trustees.
