Bespoke Extracts, Inc. (OTCMKTS:BSPK) 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. |
Effective May 22, 2017, Barry Tenzer resigned as President and
Chief Executive Officer of Bespoke Extracts, Inc. (the Company).
Mr. Tenzers resignation was not the result from any disagreement
with the Company, any matter related to the Companys operations,
policies or practices, the Companys management or the Board.
Effective May 22, 2017, the Board of Directors (the Board) of the
Company appointed Marc Yahr as President and Chief Executive
Officer of the Company and as a member of the Companys Board.
There are no family relationships between Mr. Yahr and any of our
other officers and directors.
Set forth below is the biographical information of the newly
appointed officer and director, as required by Item 401 of
Regulation S-K.
Since June 2009, Marc Yahr has served as Vice President of Sales
and Marketing at LL International, a boutique luxury private
aircraft brokerage firm. In addition, since December 2007, Mr.
Yahr has served as Manager of Yahr Aviation LLC. From August 2015
until June 2016, he served as Chief Operating Officer and
President of Lynx Fitness, a fitness equipment company. Mr. Yahr
received a Bachelor of Science degree in Business from Fairleigh
Dickinson University.
Effective May 22, 2017, the Company entered into an employment
agreement (the Employment Agreement) with Mr. Yahr to which Mr.
Yahr will serve as President and Chief Executive Officer of the
Company for a term of three years, unless earlier terminated to
the terms of the Employment Agreement. to the terms of the
Employment Agreement, Mr. Yahr received a warrant (the Warrant)
to purchase up to 20,000,000 shares of the Companys common stock
at an exercise price of $0.0001 per share.
The foregoing description is a summary only and does not purport
to set forth the complete terms of the Employment Agreement and
Warrant which are is qualified in their entirety by reference to
the Employment Agreement and Warrant filed as Exhibit 10.1 and
Exhibit 4.1, respectively, to this Current Report on Form 8-K and
are hereby incorporated by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| 4.1 | Form of Warrant |
| 10.1 | Marc Yahr Employment Agreement |
About Bespoke Extracts, Inc. (OTCMKTS:BSPK)
Bespoke Extracts, Inc., formerly DiMi Telematics International, Inc., designs, develops and distributes Machine-to-Machine (M2M) communications solutions. The Company’s M2M solutions are used to remotely track, monitor, manage and protect multiple mobile and fixed assets in real-time from virtually any Web-enabled desktop computer or mobile device. The Company’s M2M solution is DiMi, a business intelligence and two-way communications platform that captures and integrates real-time data from networked tracking, monitoring, alarm and alert systems, sensors and devices, and centralizes this data onto an online command and control dashboard that is accessible around the clock by a designated user or community of designated users through the secure DiMi Internet portal. With adoption of the DiMi M2M communications platform, users can remotely control, monitor, manage and acquire data from their operational assets. Bespoke Extracts, Inc. (OTCMKTS:BSPK) Recent Trading Information
Bespoke Extracts, Inc. (OTCMKTS:BSPK) closed its last trading session 00.000 at 0.550 with 4,004 shares trading hands.
