Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Years.
On September 12, 2022, the Secretary of State of the State of Delaware approved
a Certificate of Amendment to our Certificate of Incorporation to increase the
number of authorized shares of common stock, par value $0.0001, to 400,000,000
shares. The number of shares of authorized Preferred Stock, par value $0.0001
per share, shall remain 5,000,000. A copy of the Certificate of Amendment to
Certificate of Incorporation is attached as Exhibit 3.1 hereto and incorporated
by reference.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officer.
Appointment of Jeffrey Yates, CPA, as Chief Financial Officer and designation as
Principal Accounting Officer
Effective as of September 1, 2022, the Board appointed Jeffrey Yates, to serve
as the Chief Financial Officer of the Company. Mr. Yates has also been
designated as the Principal Accounting Officer. Mr. Yates will earn compensation
from the Company at the rate of $5,000 per month. He is also entitled to
reimbursement for all his business-related expenses. Below is an updated
biography for Mr. Yates.
Jeffrey Yates, age 60, has a strong track record for achievement, leadership
experience in financial management, strategic planning, and business
development. Mr. Yates has extensive experience in accounting, forecasting, cash
flow management, treasury, budgeting, financial and operational analysis,
reporting and compliance. Proven leadership capabilities in executive
management, operations, information systems and project management. Mr. Yates
served as Chief Financial Officer for ARIIX from May 2011 - July 2021 and
previously served as Chief Financial Officer for Usana Health Sciences from June
2008 - May 2011, also having be a chief financial officer and executive officer
in other organizations. Mr. Yates began his career in finance management in
1990 while serving as a certified public accountant with Price Waterhouse. He
is a member of the American Institute of Certified Public Accountants and Utah
Association of Certified Public Accountants. Jeffrey attended Brigham Young
University where he studied and received his Master of Accountancy and Bachelor
of Science with an emphasis in Management Accounting in December of 1989.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Exhibit Description
3.1 Certificate of Amendment of Certificate of Incorporation.
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