Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 20, 2020, Wais Asefi resigned as Chairman and as a member of our
Board of Directors. Mr. Asefi's resignation is in support of Resonate Blends
strategic direction of becoming a pure play cannabis company. The Company does
not believe that Mr. Asefi has any disagreements on matters relating to our
operations, policies or practices.
Also on January 20, 2020, our Board of Directors appointed Geoff Selzer as our
Chairman.
The employment history for Mr. Selzer is contained in our Current Report on Form
8-K filed with the SEC on October 25, 2019.
There are no family relationships between Mr. Selzer and any of our directors or
executive officers.
Aside from the employment agreement dated October 25, 2019 that we executed in
favor of Mr. Selzer to act as our CEO and the Purchase Agreements described in
the Form 8-K filed with the SEC on October 25, 2019, Mr. Selzer has not had any
material direct or indirect interest in any of our transactions or proposed
transactions over the last two years.
© Edgar Online, source Glimpses