CREATIVE LEARNING CORPORATION (OTCMKTS:CLCN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 11, 2017, Rod Whiton who had been serving as Interim Chief Executive Officer of Creative Learning Corporation (the “Company”), has stepped down effective immediately. On the same day, Michelle Cote, who had been serving as President of the Company, has stepped down effectively immediately and has been appointed the Creative Director of the Company by the Board of Directors (the “Board”) of the Company.
Also on May 11, 2017, the Board appointed Karla Kretsch, the Company’s Chief Operating Officer, as President of the Company. Ms. Kretsch will continue to serve as Chief Operating Officer.
Ms. Kretsch, age 52, joined the Company in January 2017 and has served as Chief Operating Officer since that date. Prior to joining the Company, she served as Director of Operations of a Bricks 4 Kidz franchise from 2010 until her appointment as the Company’s Chief Operating Officer. Ms. Kretsch also served as a Project Consulting Manager for Vaco, a national consulting and talent solutions firm, from 2014 to April 2016. From 1990 to 2009 Ms. Kretsch held various positons with Wells Fargo & Company, including operational risk manager and automobile finance group project management manager. Ms. Kretsch holds a Bachelor of Science from Arizona State University, and is a certified public accountant in California (inactive). Ms. Kretsch’s compensation will remain the same as described in the Company’s Form 8-K filed on January 31, 2017.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1
Press Release issued by the Company on May 11, 2017.
About CREATIVE LEARNING CORPORATION (OTCMKTS:CLCN)
Creative Learning Corporation (CLC) is an owner and developer of franchised children’s enrichment programs, including Bricks 4 Kidz and Sew Fun Studios. The Company’s programs are based on the operation of after-school classes; summer camps, as well as day camps during the school year; in-school workshops, and birthday parties. The concepts are operated by CLC’s subsidiaries: BFK Franchise Company, LLC (BFK) for Bricks 4 Kidz and SF Franchise Company, LLC (SF) for Sew Fun Studios. BFK franchises offer programs to teach principles and methods of engineering to children between the ages of 3 and 13 using LEGO plastic bricks and other LEGO products through classes and other organized activities. Its franchise concept, Sew Fun Studios, teaches sewing and design principles through classes, camps and parties. The programs offered by Sew Fun Studios include after school, home school, scouts, holiday, week long, themes, birthdays, special events, girl scouts, boy scouts and Y guides. CREATIVE LEARNING CORPORATION (OTCMKTS:CLCN) Recent Trading Information
CREATIVE LEARNING CORPORATION (OTCMKTS:CLCN) closed its last trading session 00.000 at 0.300 with shares trading hands.