I would agree if it had been part of the proxy document. From what I read the vote today was only for new Directors and Auditor approval. 3rd vote was to have another meeting if there wasn’t a quorum.
The current board voted to start the Name Change and ticker update on 2/12/24.
Miles resigned as CEO of RCRT to specifically work on spinning out the CognoGroup assets.
From the update:
Spin-Out Update - CognoGroup
The Company is continuing its previously announced plans to consolidate its current assets into Atlantic Energy Solutions (OTC:AESO), which is planned to be renamed CognoGroup ("CognoGroup").
CognoGroup is planned to hold several assets and operating businesses, including Mediabistro, a leading job board for the media industry, the partnership with and shares of Job Mobz after the Recruiter.com transaction closes, shares of Futuris, Inc. granted to the Company from the recent sale of its healthcare staffing business, and other assets and ventures centered around artificial intelligence and recruitment technology.
On February 12, 2024, the Company's Board voted unanimously to perform certain administrative actions necessary to prepare for and effectuate the spin-out, including corporate restructuring and renaming.
The RCRT PR with the CEO change had this to say about what Miles will be doing. From what I can tell, the spinout has already begun.
Mr. Jennings will continue to contribute to the Company as a Director, interim Chief Financial Officer, and CEO of a subsidiary of the Company, with a specific focus on facilitating the planned strategic spinout of certain assets of the current company.
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