EMPIRE POST MEDIA, INC. (OTCMKTS:EMPM) Files An 8-K Changes in Control of Registrant
Item 5.01 Changes in Control of Registrant
On or about May 14, 2019, Saean, Inc., a Nevada corporation (hereinafter referred to as the “Buyer” or “Saean” interchangeably), whose corporate address is 2620 Regatta Drive, Suite 102, Las Vegas, Nevada 89128; and Peter Dunn (hereinafter referred to as the “Seller” or “Dunn” interchangeably), the then current sole officer and director as well as the controlling shareholder of the Company, entered into a Common Stock Purchase Agreement (the “Agreement”) whereby on or before the closing date of May 31, 2019, the Seller would sell and the Buyer would buy 126,855,000 shares of Common Stock of the Company in a change in control transaction (hereinafter referred to as the “Change in Control”).
On or about May 31, 2019, the Buyer and Seller consummated the closing of the Change in Control of the Company to the terms and conditions of the Agreement. As of this date, the Company is now a control subsidiary of the Buyer. The Buyer now owns and controls 126,855,000 shares of Common Stock of the Company out of 195,837,338 shares of Common Stock issued and outstanding as of the Closing Date (e.g. effective 64.78% control of the Common Stock of the Company).
Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers
On or about May 31, 2019, the Company received and accepted the resignation of Peter Dunn (“Dunn”) from all officer positions he held with the Company (e.g. CEO, CFO, President, Treasurer, and Secretary) as well as being the sole director of the Company (hereinafter referred to as the Dunn Resignation”).
The Company’s Board of Directors, to a unanimous written consent of its Board of Directors by Written Consent to N.R.S. Chapter 78.315, approved the following resolutions: (1) the receipt and acceptance of the Dunn Resignation; and (2) the nomination and approval of the following new officers and director of the Company each of which accepted their respective positions listed below:
Jung Yong Lee – President of the Company;
Ted Campbell – Secretary of the Company
William Sawyer as the Treasurer of the Company
Jung Yong Lee – Director of the Company.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not Applicable
(b) Pro forma Financial Information.
Not applicable.
(c) Shell Company Transaction.
Not applicable.
(d) Exhibits.
Not Applicable
About EMPIRE POST MEDIA, INC. (OTCMKTS:EMPM)
Empire Post Media, Inc. is a development-stage company. The Company is an entertainment company engaged in pursuing opportunities in creating, developing and producing television programming for the global market; providing post-production services to film and television producers on a deferred, collateralized basis to facilitate completion and delivery of movies and television shows that have finished production with third-party financing, and utilizing its three dimensional (3D) expertise to assist producers in the production and post-production of 3D motion pictures and television programs, including conversion to 3D of content originally produced in two dimensional (2D).