AGRO CAPITAL MANAGEMENT CORP. (OTCMKTS:ACMB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
(b) On December 3, 2018, Agro Capital Management Corp. (the “Company”) received a written letter of resignation from Badurul Hisam Bin Samsuddin stating that he resigned, effective immediately from his position as Chief Executive Officer of the Company as well as his position on the Board of Directors (the “Board”) of the Company. Mr. Samsuddin resigned to pursue other business opportunities and not as a result of any dispute or disagreement with us.
(d) On December 3, 2018, the Board appointed Michael Marcus Liew as the Chief Executive Officer of the Company. Mr. Liew is currently a director of the Company.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, the Company’s expectations regarding future financial performance and liquidity, its long-term strategy, restructuring and other initiatives, and future operations or operating results. These statements often can be identified by the use of terms such as “may,” “should,” “could,” will,” “expect,” “believe,” “planned, “anticipate,” “estimate,” “project,” “intend,” “forecast,” “approximate” or “continue,” or similar expressions. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, the Company cannot assure that actual results will not differ materially from its expectations. The Company assumes no responsibility to update forward-looking statements made herein or otherwise.
About AGRO CAPITAL MANAGEMENT CORP. (OTCMKTS:ACMB)
Agro Capital Management Corp., formerly Guate Tourism Inc., is a shell company. The business of the Company is to manage, expand, develop and own Agro Capital Management Berhad (Agro Malay). Agro Malay is the subsidiary of the Company. Agro Malay is principally engaged in aquaculture development in Malaysia. Agro Malay is in the business of trading, exporting and production of aquaculture related products. The Company anticipates to commercially farm marine shrimp for export and distribution to local retailers. The Company intends to expand Agro Malay into a fully-integrated aquaculture company in the future by developing its research and development, hatcheries, aquaculture feeds, grow-out operations, processing plant operations, seafood sales and marketing. The Company operated an online tourist guide company in Guatemala. The Company has no revenues generated.