Friday, September 30, 2022 11:06:00 AM
Take the money and run, right Frank?
On June 24, 2021, Mr. Frank Yglesias executed stock purchase agreements with Hong Chen and Xuemei Li where he acquired control of North America Frac Sand, Inc. A board resolution was approved naming Mr. Yglesias as the Chairman and Chief Executive Officer. The Company approved annual compensation for Mr. Yglesias of Three Hundred Thousand dollars, ($300,000) equally distributed for his services as Chief Executive Officer and his board of directors membership.
$300K for moonlighting while CEO of another company where he makes $150K. Nice, huh?
Mr. Franjose Yglesias
Employment Agreement: Five (5) year contract, annual salary of $150,000.
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
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