Replies to post #22761 on GDT Tek Inc. (fka GDTK)

[Freedomxxxxxxx]

New 8K !
At least we know their alive and well!
Go GDTK! This will be a productive year!

Freedom X
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Form 8-K for GDT TEK, INC.

26-Jan-2012

Change in Directors or Principal Officers, Other Events


Item 5.02. Departure of Directors or certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 6, 2012, Albert Reda resigned as CEO and Director on the Company. We are not aware of any disagreements with Mr. Reda that led to his resignation.

On January 6, 2012, John Domerego was appointed as a director and Executive Vice President.

Mr. Domerego has been a Director for several public and private corporations since October 2005, and was President of Seamless Internet Inc. from February 2005 till December 2009. Mr. Domerego was previously involved in the development, designing, engineering and erection of co-generation and power generating facilities both as an employee of Raytheon Engineering and self-employed as an associate of Malcolm Jones Associates, an engineering company where he managed multi-million dollar projects from conception to completion. Mr. Domerego also has 20 years' experience in the pulp and paper industry where he was employed and performed as chief engineer and eventually as general manager. He was responsible for all facets of the industry involving the successful operation of paper mills and facilities. Mr. Domerego has a Bachelor of Science degree in Mechanical Engineering.



Item 8.01 - Other Events

The Company by a vote of the Directors approved a capital restructuring for all classes of stock as follows:

Article IV The number of shares of stock is to be 4,000,000 of which 1,000 are Preferred Series "A, B, C&D". Preferred "A, B&C" are non-voting shares; 200 shares are Preferred Series "A" shares of which one share of Preferred A converts into 10,000 shares of common stock; 100 shares are Preferred Series "B" shares of which one share of Preferred B converts into 1,000 shares of common stock; 3000 shares are Preferred Series "C" shares of which one share of Preferred C converts into $10,000 worth of common stock; 400 shares are Preferred Series "D" shares of which has no conversion rights into common stock and one share of Preferred D has voting rights equal to 1,000,000 shares of common stock. The 3,999,000 share balances of authorized shares are common shares of stock.

The Company has rebuilt its 150 Kilo Watt unit and is relocating it to Moss Landing, California at a location known as Dreisbach as per an 150 Kilo Watt Energy Service Agreement (ESA) with CAL MC2.

The Company through its subsidiary DHS 1 LLC entered into an agreement to acquire 109 Acres in Desert Hot Springs, California for $1,000,000 for a 20 Mega Watt Solar Project.

The Company has executed an Energy Service Agreement (ESA) with CAL MC2 to provide 20Mega Watts of electrical power.