FIRST FOODS GROUP, INC. (NASDAQ:CVGW) 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 March 1, 2017, Mark J. Keeley accepted the appointment to be
the Chief Financial Officer of First Foods Group, Inc. (the
Company). On March 1, 2017, the Board of Directors of the Company
resolved to appoint Mr. Keeley as the Chief Financial Officer.
MARK J. KEELEY is a Certified Public Accountant (CPA) who began
his career in public accounting with KPMG LLP in August 1985,
after graduating Summa Cum Laude from the University of
Massachusetts with Bachelors Degree in Accounting and Computer
Science. He obtained a Masters Degree in Finance from Boston
College in May 1988 and continued his public accounting career at
Coopers and Lybrand LLP in September 1990 and was admitted to the
Partnership when Coopers Lybrand LLP merged with Price Waterhouse
LLP to become PricewaterhouseCoopers LLP in October 1988. He
retired from PricewaterhouseCoopers LLP (PwC) in July 2014. From
April 2015 through November 2016 he served as the Chief Financial
Officer (CFO) of Bradley, Foster Sargent, Inc.; a Registered
Investment Advisor (RIA) and SEC registrant with over $3B of
assets under management.
Mr. Keeley is a qualified audit committee financial expert and
one of the first holders of the Certified Information Technology
Professional (CITP) designation granted by the American Institute
of Public Accountants (AICPA). He has applied his accounting,
financial management and information technology experience to a
broad range of national and international companies, including
the development of artificial intelligence (AI) solutions for the
restaurant and restaurant franchise industry.
He has regularly worked with the highest levels of senior
management, boards of directors, external auditors, investors,
and regulators to build consensus and reach a common
understanding of complex financial matters. He has testified to
the United States Congress regarding financial accounting and
auditing aspects of the U.S. Federal Government and served as
PwCs representative to Congressman Mr. Michael Conaway.
The Company and Mr. Keeley entered into an Employment Agreement
(the Agreement), dated March 1, 2017. to the Agreement, Mr.
Keeley agreed to the appointment above and will perform the roles
typical of a Chief Financial Officer in the restaurant franchise
industry. In consideration for the above services, Mr. Keeley
shall receive (i) 750,000 shares of common stock of the Company,
and (ii) $20,833 per month, which shall be deferred until the
Company raises at least $1,500,000 in financing.
Item 9.01 Financial Statements and
Exhibits.
(d) Exhibits.
|
Exhibit No. |
Document Description |
|
99.1 |
Employment Agreement, dated March 1, 2017, by and between |
|
2 |
About FIRST FOODS GROUP, INC. (NASDAQ:CVGW)
Calavo Growers, Inc. operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG). The Company is engaged in marketing and distributing avocados, prepared avocados and other perishable foods, which allows it to deliver an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores and restaurants on a worldwide basis. The Company procures avocados principally from California and Mexico. Through its various operating facilities, the Company sorts, packs, and/or ripens avocados, tomatoes and/or Hawaiian grown papayas; processes and packages fresh cut fruit and vegetables, salads, wraps, sandwiches, fresh snacking products and a range of behind-the-glass deli items, and produces and packages guacamole and salsa. FIRST FOODS GROUP, INC. (NASDAQ:CVGW) Recent Trading Information
FIRST FOODS GROUP, INC. (NASDAQ:CVGW) closed its last trading session down -1.60 at 51.20 with 309,138 shares trading hands.