Item 5.01. Change in Control of Registrant.
Merger Closing
On August 8, 2022, Harrison, Vickers & Waterman, Inc., a Wyoming corporation
("HVCW"), PEN Merger Sub, LLC, a California limited liability company ("Merger
Sub"), Pacific Energy Network LLC, a California limited liability company
("PEN"), and Robert William Tetsch on behalf of the members of PEN, (the
"Merger") officially closed on the previously disclosed Agreement and Plan of
Merger (the "Merger Agreement") which was executed July 15, 2022.
Pacific Energy Network (PEN) is a California based parent company of several
subsidiary LLC's that manage solar, roofing, HVAC, security, distribution,
consulting, lead generation, marketing, sales, data, software and mortgage
divisions. Founded in 2018, PEN has quickly become one of the largest and most
successful home services companies in the nation with a footprint across
multiple states. With a focus on customer satisfaction and strategic business
planning, PEN has grown into a multi-product business that has increased revenue
year over year and expanded its reach into new markets across the United States.
The Merger Agreement provided that, upon the closing, the Merger Sub was merged
with and into PEN, with PEN continuing as a wholly owned subsidiary of HVCW, but
with the management of PEN taking over voting control of HVCW.
The Merger Agreement was forwarded to the California Secretary of State for
filing and issuance of a Certificate of Merger. The Merger was approved by the
stockholders of HVCW and the members of PEN. The Merger Agreement was approved,
authorized and agreed to by the boards of directors of each of HVCW and PEN.
Effective on August 8, 2022, Jeffrey M. Canouse, sole Officer and Director and
Majority Shareholder of HVCW, appointed Robert W. Tetsch as sole Officer and
Director of HVCW as his successor as his last official act and resigned as a
condition of the Merger.
Also, effective on August 8, 2022, Jeffrey M. Canouse, assigned all 51 shares of
HVCW's Series B Preferred Stock, giving Robert Tetsch majority voting control of
HVCW.
The foregoing description of the Merger Agreement does not purport to be
complete and is qualified in its entirety by the text of the Merger attached
hereto and incorporated by reference herein.
Item 5.02. Departure of Certain Officers and Directors.
Departure of Jeffrey M. Canouse and Appointment of Robert Tetsch
Effective on August 8, 2022, Jeffrey M. Canouse, Sole Officer and Director of
HVCW resigned from his positions, and the Board of Directors accepted the
appointment of Robert Tetsch, as the Company's new Sole Officer and Director to
replace Mr. Canouse on that date.
Mr. Canouse's resignation was not due to any disagreement with the Company or
its Board of Directors.
Robert Tetsch (35) is a self-taught business visionary. He founded Modern Pro
Solutions (formerly Pacific Energy Network) in 2018 to leverage his nearly 20
years of field and managerial experience in all aspects of home and business
services, maintenance, and owner support. Since starting Modern Pro Solutions, a
full-service residential and commercial rooftop solar energy company, Mr. Tetsch
has led an ambitious vertical integration. In 2021, Modern Pro Solutions
expanded its footprint from residential solar and structured a parent company
that manages subsidiary roofing, solar, HVAC, smart home, business consulting,
distribution, and business financing. Born into an Army family that helped
instill the virtues of hard work, discipline, accountability, and leadership,
Mr. Tetsch is intent on pioneering the integrated
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home services industry. His plans include expansion of MPS's territory and
partnerships, and authorized dealer relationships, and scaling the company's
manufacturing and distribution capabilities to combat supply chain
inconsistencies. Mr. Tetsch is also intent on adding a range of services such as
integrating and mobilizing, building data collected from
internet-of-things-connected devices, building inspections, maintenance
consulting, control and monitoring software, green mortgages and bringing
consumer financing in house.
Item 7.01. Regulation FD Disclosure.
On August 11, 2022, HVCW issued a press release announcing that the Company
closed on the Merger with Pacific Energy Network LLC.
In accordance with General Instruction B.2 of Form 8-K, the information set
forth herein and in Exhibit 99.1 hereto are deemed to be "furnished" and shall
not be deemed to be "filed" for purposes of the Exchange Act. The information
set forth in Item 7.01 of this Current Report on Form 8-K shall not be deemed an
admission as to the materiality of any information in this Current Report on
Form 8-K that is required to be disclosed solely to satisfy the requirements of
Regulation FD.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed with this report:
Exhibit No. Description
1 0 .1 Agreement and Plan of Merger dated as of July 15, 2022, among
Harrison, Vickers & Waterman, Inc. (HVCW), PEN Merger Sub, Inc.,
and Pacific Energy Network LLC (PEN).
99.1 Board of Directors Consent Dated August 8, 2022.
99.2 Press Release dated August 11, 2022.
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