FullCircle Registry, Inc. (OTCMKTS:FLCR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
A)Appointment of Officers:
The following Officer was appointed by the Board of Directors, to serve at the pleasure of the Board of Directors:
- Mark Overby, Director
Mark Overby currently holds the positions of Assistant General Manager & Projection Room Manager of Full Circle Entertainment, a subsidiary of FullCircle Registry, Inc. Mark lives in Indianapolis, Indiana, near the Georgetown Theater facility. He possesses firsthand knowledge of the theater and its operations. He has a bachelor’s degree in business management from IUPUI.
B)It was resolved that FullCircle Entertainment, Inc., pay all Board Members 250,000 shares of stock per year beginning March 4, 2018, to March 4, 2019, and each year thereafter.
C)It was resolved that Leigh Friedman be paid the sum of Five Thousand ($5,000) Dollars per month beginning March 4, 2018, and continuing until further action of the Board.
D)It was resolved that Leigh Friedman receive Five Thousand ($5,000) Dollars per month back pay for his efforts during the last five (5) months up to March 4, 2018, and that he receive his compensation in a reasonable amount each month without causing any financial stress on Georgetown 14 Theaters and said compensation shall be paid within a one (1) year period from March 4, 2018, going forward.
E)It was resolved that the Company be allowed to borrow the sum of Seventy Five Thousand ($75,000) Dollars from James Felts and Anna Felts, his wife, payable with interest at the rate of 6.25% percent per annum, and that Leigh Friedman be and he is hereby authorized to execute the Promissory Note thereto.
About FullCircle Registry, Inc. (OTCMKTS:FLCR)
FullCircle Registry, Inc. is a holding company. The Company is formed for the purpose of acquiring small profitable businesses to provide exit plans for those companies’ owners. Its subsidiaries include FullCircle Entertainment, Inc. and FullCircle Medical Supplies, Inc. Its FullCircle Entertainment, Inc. is formed for the purpose of acquiring movie theaters and other entertainment venues. It has over 10 Digital Cinemas. Its FullCircle Entertainment, Inc. focuses on offering free viewing of the United States sporting events, such as the Major League Baseball World; Viewing international sporting events; Business meetings requiring Internet upload and download capabilities, and Private party functions. Its FullCircle Medical Supplies, Inc. (FullCircle Medical) is formed for the purpose of entering into the durable medical equipment supply business sector, for the purpose of acquiring medical supply businesses and other related medical supply services in the Sun Belt states.