AIRBORNE WIRELESS NETWORK (OTCMKTS:ABWN) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On February 1, 2017, Airborne Wireless Network, a Nevada
corporation (the Company), and Michael J. Warren entered into and
executed a written Employment Agreement (the Employment
Agreement). to the employment agreement, Mr. Warren shall serve
as the Companys Chief Executive Officer.
The Company shall pay Mr. Warren an annual salary of $180,000 per
year. The Company has also agreed to pay for Mr. Warrens housing.
Additionally, annually, upon the first day of January for which
Mr. Warren is employed, Mr. Warren shall receive at least
2,000,000 stock options at $2.00 per share for the first year,
$2.75 per share for the second year, and $3.25 for the third
year.
The foregoing information regarding the Employment Agreement does
not purport to be complete and is qualified in its entirety by
reference to the Employment Agreement, a copy of which is
attached as Exhibit 10.1 and is incorporated herein by this
reference.
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS;
ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS;
COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
Appointment of Certain Officer
On February 1, 2017, our board of directors appointed Michael J.
Warren as our Chief Executive Officer.
Mr. Warren is 64 years old. Mr. Warren obtained a Bachelor of
Arts degree in Political Science from the University of Missouri
in 1975. Mr. Warren also graduated from the U.S. Marine Corps
University in Quantico, Virginia in 1990, majoring in Strategic
Planning and Operational Planning. Mr. Warren is, also, certified
as a Counter Terrorism Planner, as a Counterinsurgency Expert and
in numerous security and safety courses.
From July 2012 through January 2017, Mr. Warren served as the
Regional Operations and Security Director for ECC International
in Afghanistan. In that capacity, he supervised the security of
18 major Department of Defense Construction Projects, totaling
$1,000,000,000, including a $500,000,000 Asia Development Bank
road project building the Ring Road from Herat to Mazer-e-Sharif,
and one $50,000,000 USAID Infrastructure Development project with
the Afghan Ministry of Mines, Oil, and Gas. Prior to being the
Regional Operations and Security Director for ECC, Mr. Warren was
the Director of Operations, Security Safety for Checchi Company
Consulting, Inc., in Afghanistan, where he focused on the
Measurement and Evaluation Program under contract with USAID.
Mr. Warren has never been a director of a public company.
Moreover, Mr. Warren has never been involved in any legal or
regulatory proceedings during the last 10 years.
As Mr. Warren has an extensive background in project management
and has served with numerous companies in the computer hardware
and software industry, playing an integral role in the companys
growth and expansion, our board of directors has determined it is
in our best interest to appoint Mr. Warren as our Chief Executive
Officer.
ITEM 7.01. REGULATION FD
On February 16, 2017, the Company issued a press release
announcing the appointment of Michael J. Warren as Chief
Executive Officer of the Company.
A copy of that press release is attached to this Current Report
as Exhibit 99.1. In accordance with General Instruction B.2 of
Form 8-K, the information set forth in this ITEM 7.01 and in that
press release is deemed to be furnished and shall not be deemed
to be filed for purpose of the Securities Exchange Act of 1934,
as amended (the Exchange Act) and shall not be incorporated by
reference into any registration statement or other document filed
under the Securities Act of 1933, as amended, or the Exchange
Act, except as shall be expressly set forth by specific reference
in such filing. The information set forth this ITEM 7.01 shall
not be deemed an admission as to the materiality of any
information in this Current Report that is required to be
disclosed solely to satisfy the requirements of Regulation FD.
ITEM 9.01 Exhibits
|
Exhibit No. |
Description |
| 10.1 |
Employment Agreement between Airborne Wireless Network and Michael J. Warren dated February 1, 2017 |
| 99.1 |
Press Release dated February 16, 2017, announcing the appointment of Michael J. Warren as Chief Executive Officer of the Company. |
About AIRBORNE WIRELESS NETWORK (OTCMKTS:ABWN)
Airborne Wireless Network, formerly Ample-Tee, Inc., is a development-stage company. The Company is developing a meshed network. The Company is seeking opportunities for the acquisition of assets. For its wholesale carrier network, the Company intends to use commercial aircraft as mini-satellites. The Company’s wholesale carrier network would be the airborne broadband pipeline, providing connectivity for broadband carrier services using commercial aircraft. As of May 31, 2016, the Company had no operations and had not earned any revenues. AIRBORNE WIRELESS NETWORK (OTCMKTS:ABWN) Recent Trading Information
AIRBORNE WIRELESS NETWORK (OTCMKTS:ABWN) closed its last trading session up +0.27 at 3.67 with shares trading hands.
