Friday, March 17, 2023 7:16:48 AM
United States Bankruptcy Court
District of New Jersey
Case No.: __22-18522
Chapter 11
STATEMENT REGARDING NAMING AL FRANCESCO AS CEO OF SPECTACULAR
SOLAR INC.
I, Douglas Heck, declare under penalty of perjury that I am the CEO and sole preferred
stock shareholder of Spectacular Solar Corp. and that on the 20" of January 2023;
the
following resolution was duly adopted by the shareholders of this Corporation:
Be it therefore resolved, that, Al Francesco, of this Corporation, is named as the new duly
authorized Chief Executive Officer with Douglas Heck stepping down as the Chief Executive
Officer immediately. Mr. Heck will remain with the Company in the capacity as a Vice
President of Sales.
Mr. Heck will forego his preferred shares and submit the Company for $5,000.
Executed on: 01/20/2023
DOUGLAS HECK
Spectacular Solar Corp.
WITH RESPECT TO THE OBJECTION, SPSO STATED THEY WILL BE RESOLVED PRIOR TO CONFIRMATION
7. With respect to the IRS, it objects pursuant to §1106(a)(6) on the basis that it claims the Debtor has not filed certain 940 and 941 tax returns. The IRS has filed an estimated proof of claim for the missing quarters. These returns had been filed in a timely manner, but under the name and EIN of DC Solar Integrators LLC. On June 14, 2019, DC Solar Integrators LLC (“DC Solar”) had filed a Certificate of Alternate Name with the IRS indicating a d/b/a of Spectacular Solar. As of that date, DC Solar merged into the Debtor and became a disregarded entity for tax purposes. Unfortunately, prior management had not properly notified our payroll service, ADP, thus, ADP did not change how it filed the quarterly returns.We are working on a resolution of this objection with the IRS and anticipate that it will be resolved prior to Confirmation.
8. With regard to the UST, they objected on multiple grounds:
a. January Monthly Operating Report has not been filed. The Debtor has both the January and February MOR’s completed, and both will be filed prior to Confirmation.
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