FOCUS UNIVERSAL INC. (OTCMKTS: FCUV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

FOCUS UNIVERSAL INC. (OTCMKTS: FCUV) 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 Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

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On November 28, 2018, Focus Universal Inc. (the “Company”) (OTCQB: FCUV) announced the appointment of Greg Butterfield as a new independent board member of the Company. The Appointment is effective immediately.

In addition to serving as a board member, Mr. Butterfield will serve as the chair of the Nominating Committee, on the Compensation Committee, and on the Audit Committee. Sean Warren, currently serving as an independent director of the Company, has resigned on amicable terms from the Board of Directors of the Company.

Greg Butterfield is the founder and Managing Partner of SageCreek Partners (“SCP”) a technology commercialization and consulting firm. Prior to starting SCP Mr. Butterfield served as the CEO of Vivint Solar, a leading full-service residential solar integrator. Before Vivint, Greg was the Group President for Symantec’s Server and Storage business units, responsible for a $4 Billion sector in the business. Mr. Butterfield joined Symantec through the company’s acquisition of Altiris in April 2007. At Altiris, he served as chairman of the board, President, and CEO. After joining Altiris in February 2000, he guided the company to eight consecutive years of positive revenue growth and profitability. In Mr. Butterfield’s first year with Altiris, annual revenues were $3 million; in 2007, annual revenues exceeded $300 million. Mr. Butterfield is widely credited as the driving force behind eleven acquisitions and navigated the company through a successful IPO in 2002 in spite of a notable economic downturn in the technology sector. The IPO was followed in August of 2003 with a successful secondary offering. Mr. Butterfield was invited to the 2006 World Economic Forum as a Technology Pioneer. He was also the winner of the 2002 Ernst and Young Entrepreneur of the Year award and served as the chairman of the board of the Utah Information Technology Association from 2003 to 2005. Mr. Butterfield received a Bachelor of Science in Business Administration (finance emphasis) from Brigham Young University.

Item 7.01 Regulation FD Disclosure

A press release issued on November 28, 2018 announcing the appointment. A copy of that press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits


FOCUS UNIVERSAL INC. Exhibit
EX-99.1 2 focus_ex9901.htm PRESS RELEASE EXHIBIT 99.1   Focus Universal Appoints Greg Butterfield as a New Board Member   ONTARIO,…
To view the full exhibit click here

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