On May 8, 2012, Mr. Mackie Barch resigned from all positions with the Georgetown Corporation, including President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer, and Director and, as his final act as a member of the Company's Board of Directors, appointed Mr. Melvin Swanson as the Company's President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and Director. Mr. Swanson accepted such appointments on May 8, 2012. Mr. Barch informed the Company that his decision to resign was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.