INTREorg Systems, Inc. (OTCMKTS:IORG) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On April 20, 2017, INTREorg Systems, Inc. and David M. Beach
entered into an Executive Employment Agreement. See Item 5.02
below.
ITEM 5.02DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS;
ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS;
COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
The board of directors of INTREorg Systems, Inc. approved and
appointed David M. Beach, age 43, to serve as Chief Executive
Officer, President, and a director.
Mr. Beach is senior corporate executive, bringing experience in
public companies, capital markets, and investment banking. From
April 2015 through November 2016, Mr. Beach was a Managing
Director of Energy Merchant Banking at Lampert Capital Markets in
New York. Before Lampert Capital, from December 2011 to February
2015, Mr. Beach was the Chief Executive Officer and Founder of
BCM Energy Partners, Inc. From April 2006 to October 2010, he
served as Executive Vice President of Capital Markets Group at
Emerson Equity, LLC and also as an advisor to privately held
corporate clients of Emerson, where he excelled in identifying
solutions to distressed situations. Prior to Emerson, Mr. Beach
served as a Managing Director of Investments at Spencer Clarke
LLC in New York from February 2005 through April 2006 and a
director in a managed futures fund in 2004 with key roles in
developing international partnerships and clients. Mr. Beach
attended Louisiana State University in Baton Rouge, LA.
In connection with his appointment as a director, we entered into
an Executive Employment Agreement with Mr. Beach, for a term of
three years starting April 1, 2017. to the employment agreement,
Mr. Beach will receive a monthly salary of $15,000 and stock
options. A copy of the employment agreement is attached as
Exhibit 10.18.
ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS
The following is filed as an exhibit to this report:
|
Exhibit Number* |
|
Title of Document |
|
Location |
|
|
||||
|
Item 10 |
Material Contracts |
|||
|
10.18 |
Executive Employment Agreement between INTREorg Systems, |
Attached |
_______________
*All exhibits are numbered with the number preceding the
decimal indicating the applicable SEC reference number in Item
601 and the number following the decimal indicating the sequence
of the particular document. Omitted numbers in the sequence refer
to documents previously filed as an exhibit.
About INTREorg Systems, Inc. (OTCMKTS:IORG)
INTREorg Systems, Inc. is a consulting and software as a service (SaaS) provider for publically traded companies. The Company offers services, including shareholder analytics, analytics consulting and information technology (IT) services. The Company utilizes multiple sources of information that are imported into its system, share tracker analytics (STA) to analyze the information. The STA system is a cloud-based platform, which helps to identify trends, anomalies and suspicious transactions. The Company provides consulting services for public companies in the areas of management, finance, compliance and investor relations. The Company provides solutions for IT outsourcing, SaaS and enterprise support. It offers outsourcing services, including computing services, network management services, security services and application services. The Company’s end user services include help desk services, desktop services, and procurement and product services. INTREorg Systems, Inc. (OTCMKTS:IORG) Recent Trading Information
INTREorg Systems, Inc. (OTCMKTS:IORG) closed its last trading session up +0.022 at 0.269 with 19,770 shares trading hands.