Highlight Networks, Inc. (OTCMKTS:HNET) Files An 8-K Changes in Control of Registrant
Item 5.01 Change in Control of Registrant.
On June 5, 2015, Legacy International Holdings Group, LLC., and
Allied Crown Enterprises Limited, entered into a share purchase
agreement (the SPA) to purchase 98% of the outstanding capital
stock of Highlight Networks, Inc., from Infanto Holding Corp. for
an aggregate purchase price of $315,000. The purchase represented
98% of Highlight Networks, Inc., or 57,000,000 shares of
restricted common stock. The equity portion of the transaction
was acquired by Legacy International Holdings Group, LLC for
$65,000, and Allied Crown Enterprises Limited acquired the
outstanding debt for $250,000. As of the date referenced in this
action, Highlight Networks, Inc. had 58,167,600 shares issued and
outstanding.
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain officers;
Compensatory Arrangements of Certain Officers.
On June 15, 2015, Infanto Holding Corp. elected Jose R. Mayorquin
as Director of Highlight Networks, Inc. and following the closing
of the SPA on June 18, 2015, Alfonso Knoll, President, Director
and Chief Executive Officer and Joseph C. Passalaqua, Director
and Chief Financial Officer resigned their respective positions.
Alfonso Knoll and Joseph C. Passalaqua’s resignation was in
connection with the consummation of the SPA between the parties
and was not the result of any disagreement with the Company on
any matter relating to the Company’s operations, policies or
practices. Following the vacancies created by Alfonso Knoll and
Joseph C. Passalaqua resignations, acting at the sole member of
the Board of Directors, Jose R. Mayorquin, elected himself as
President, Chief Executive Officer, Chief Financial Officer and
Chairman of the Board of Directors.
Biographical Information for Jose R.
Mayorquin
Jose R. Mayorquin, Age 45, President, Chief Executive Officer,
Chief Financial Officer and Chairman of the Board of Directors
Mr. Mayorquin began his career in 1987 in his family owned
business, MY Seafood. After graduating from Chula Vista Christian
High School, he went on to study business administration in
Tulsa, Oklahoma from 1991-1995. In 1995 he helped found a
non-profit organization, El Camino Christian Communities, while
at the same time managing sales at MY Seafood. He began a
nonprofit organization in 1997, and is the President of La Roca
Christian Communities with locations in the United States and
Mexico. From 2003-2007 he was president of Mayorquin Development.
From 2007-2012 he was President of Legacy International Holdings,
and from 2013-2017, the acting President of Royal Capital
Holdings, a company that oversees investments in Real Estate,
mining, and other venture opportunities.
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SECTION 9 FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statement and Exhibits.
(d) Exhibits
| Exhibit Number | Description | |||
| 17.1 | Alfonso Knoll resignation letter dated June 18, 2015 | |||
| 17.2 | Joseph C. Passalaqua resignation letter dated June 18, 2015 |
About Highlight Networks, Inc. (OTCMKTS:HNET)
Highlight Networks, Inc. is a development-stage company engaged in the business of planning, development and operation. The Company is engaged in organizational and equity fund-raising activities. The Company focuses on recycling, refining, metals trading and assisting in metal recovery, with a focus on precious metals refining from electronic waste. The Company is also engaged in third party contract services. The Company has not generated any revenue. Highlight Networks, Inc. (OTCMKTS:HNET) Recent Trading Information
Highlight Networks, Inc. (OTCMKTS:HNET) closed its last trading session 00.0000 at 0.0354 with shares trading hands.