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 Officers

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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 Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 6, 2017, Creative Learning Corporation, a Delaware corporation (the “Company”), received written consent of stockholders representing 51.7% of the issued and outstanding shares of common stock of the Company (the “Common Stock”) to take the following actions: (i) amend the bylaws of the Company (the “Bylaws”) to permit stockholders to fix the size of the board of directors (the “Board”); (ii) fix the size of the Board at five (5); (iii) remove Charles Grant and Michael Gorin from the Board and from any committees of the Board of the Company that Messrs. Grant and Gorin may hold with the Company; and (iv) elect Blake Furlow, Gary Herman and Bart Mitchell to the Board to replace Messrs. Grant and Gorin, and to fill the newly created position.

The Company intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a Schedule14C Information Statement regarding the changes in the Board and the amendment to the Bylaws. After the SEC review period has been satisfied, the Company will distribute to the Company’s stockholders such Schedule14C Information Statement to notify them of the actions taken by written consent in accordance with the rules and regulations of the SEC. to the rules and regulations of the SEC, the Schedule14C Information Statement must be sent to stockholders.

Upon effectiveness of the composition change of the Board, Messrs. Furlow, Herman and Mitchell will receive the standard compensation for members of the board of directors as set forth in the Company’s definitive proxy statement on Schedule14A filed with the SEC.

Item 5.03

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

The Bylaws will be amended in the manner set forth in Item 5.02.


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.