Chase Packaging Corporation (OTCMKTS:CPKA) 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 of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Effective April 2, 2019, the Board of Director of Chase Packaging Corporation appointed two new members of the Board, John A. Forbes and Mark C. Neilson. There was no arrangement or understanding between either of the new directors and any other person to which either such director was selected as a director. Neither new director has been named to any committees of the Board of Directors as of the date of this Report. The was no material plan, contract or arrangement to which either new director is a party or in which he participates that was triggered or resulted in any grant or award to either new director as a result of his appointment to the Board of Directors.
John A. Forbes, age 59, has been a partner with Outcomes LLC and Full Sails LLC, two firms engaged in new product development and strategic business consulting, since June 2017, and a director of Patrick Industries since August 2011. Mr. Forbes has extensive experience with operations management, acquisitions, strategic planning, risk management and banking relations.
Mark C. Neilson, age 60, is the founder and managing partner of Accretive CFO Services of San Diego LLC and Accretive LLC (Indiana), a financial consulting services firm. He has held such positions since December 2010; he has served as a director of Supreme Industries, Earthway Products, Inc., SmokerCraft, Inc., EVS, Ltd, Therm-O-Lite, Inc. and Shelter Components Corporation. He was a partner of Tatum, LLC, a financial and technology consulting firm, and Chief Financial Officer of Towne Air Freight, Inc. Mr. Neilson qualifies as an “audit committee financial expert” under guidelines of the Securities and Exchange Commission.
About Chase Packaging Corporation (OTCMKTS:CPKA)
Chase Packaging Corporation is a shell company. The Company was engaged in the specialty packaging business, primarily as a supplier of packaging products to the agricultural industry. The Company is seeking to secure a suitable merger partner wishing to go public or to acquire private companies to create investment value for the Company. The Company has no operations and no revenue.
