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.
(b) On June 2, 2020, Bart Mitchell tendered his resignation to Creative Learning Corp. (the “Company”) as president, effective as of the close of business on June 8, 2020.
(c) On June 2, 2020, the Company appointed Rod K. Whiton as president of the Company, effectively immediately following Mr. Mitchell’s resignation on June 8, 2020. In connection with Mr. Whiton’s appointment, the Company’s board approved a salary of $100,000 per year for Mr. Whiton. Mr. Whiton is already a director of the Company. Mr. Whiton’s biography is contained in the Company’s Annual Report on Form 10-K for the year ended September 30, 2019, which is incorporated herein by reference.
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.