Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Appointment of New Officers
Assisted 4 Living, Inc. (the "Company") has hired Diane Harden and appointed her
to serve as its Chief Financial Officer, Principal Financial Officer, Principal
Accounting Officer and Treasurer, effective November 8, 2021 (the "Effective
Date"). The Company has also appointed John Krusoe, an employee of the Company
since April 2021, to serve as the Company's Senior Executive Vice President and
Secretary, effective as of the Effective Date.
Biographies of New Officers
Diane Harden, age 66, has over 30 years of healthcare financial management and
consulting experience. Prior to joining the Company, Ms. Harden was the Senior
Vice President and Chief Financial Officer for UF Health Central Florida, a
multi-entity health system consisting of two acute care hospitals,
Rehabilitation, Psychiatric, ambulatory care, physician practices from 2012 to
2021. Previously she was the Chief Financial Officer for healthcare systems
located in Georgia, Tennessee, North Carolina, and Florida. She was a consultant
for Premier Healthcare consortium as well as a CPA in Public Accounting for Big
4 and regional accounting firms dedicated to healthcare clients.
John Krusoe, age 54, has been employed by the Company since April, 2021 as the
Company's Executive Vice President - Corporate Finance & Capital Markets. With
over 30 years of experience in corporate finance and capital markets, he has
structured and led transactions across a broad spectrum of industries. Prior to
his employment with the Company, he founded Spartacus Financial Advisors in
August 2020. From October 2016 to June 2020, Mr. Krusoe served as President and
then Chief Executive Officer of Agrifund, a private equity-owned specialized
finance company based in Denver. While at Agrifund, Mr. Krusoe led the build-out
of new Operations, Risk, Finance and Capital Market departments. From 2011 to
2016, Mr. Krusoe served as COO/EVP Corporate Finance and Strategy for Mutual of
Omaha Bank in Denver. Mr. Krusoe has a Bachelor of Administration in Finance
from Baldwin Wallace University.
Neither Ms. Harden or Mr. Krusoe, nor any member of their respective families,
has, to the knowledge of the Company, had a material interest, direct or
indirect, since the beginning of the Company's last fiscal year, in any
transaction or proposed transaction which may materially affect the Company.
Resignation of Current Officer
In connection with Ms. Harden's and Mr. Krusoe's appointments, Janet Huffman has
resigned her positions as the Company's Chief Financial Officer, Principal
Financial Officer, Principal Accounting Officer, Treasurer and Secretary,
effective as of the Effective Date. There are no compensatory plans or
arrangements, including payments to be received from the Company, with respect
to Ms. Huffman, which would in any way result in payments to Ms. Huffman because
of her resignations as the Company's Chief Financial Officer, Principal
Financial Officer, Principal Accounting Officer, Treasurer and Secretary.
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