Life Clips, Inc. (OTCMKTS:LCLP) 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. |
Rudman Appointment
On January 16, 2017, Life Clips, Inc., a Wyoming corporation (the
Company), appointed Victoria Rudman as the Chief Financial
Officer, Secretary and Treasurer of the Company and member of the
Board of Directors.
Ms. Rudman. 49, served as interim Chief Financial Officer of
Kalytera from March 2015 through June 2016 and continues to serve
as Treasurer and Secretary of Kalytera since March 2015
(TSX:KALY). She also currently serves as the CFO of TheraKine
Ltd., a private company. Ms. Rudman has over 25 years of
professional experience in multiple aspects of leadership,
operations, accounting, finance, taxation and fiscal management.
Ms. Rudman has spent most of her career in Fortune 50 global
investment bank and retail brokerage firms as well as small cap
public companies and startup ventures. She served as Chairman and
CEO of Intelligent Living Inc. from 2011-2014.
Previously,Victoria held various technology controllership
positions at Morgan Stanley and acted as a Vice President at Bear
Stearns and Director of Business Planning Strategy at Visual
Networks, where she was the lead project manager for the entire
technology business enterprise, including IPO and strategic MA.
Victoria holds a Bachelor of Business Administration in Public
Accounting from Pace University, Lubin School of Business.
Family Relationships
There are no family relationships between any of the Companys
directors or officers and Ms. Rudman.
Related Party Transactions
There are no related party transactions with respect to Ms.
Rudman reportable under Item 5.02 of Form 8-K and Item 404(a) of
Regulation S-K.
Compensatory Arrangements
The Company and Ms. Rudman are in the process of entering into a
formal agreement, which, as of this filing, has not been
completed. Once the agreement is finalized, it will be disclosed.
Gruder Resignation
On January 12, 2017, Robert Gruder resigned as the Chief
Executive Officer, Chief Financial Officer, Secretary and
Treaurer of the Company and member of the Board of Directors of
Life Clips, Inc., a Wyoming corporation (the Company). The
resignation was not the result of any disagreements with the
Company.
Thomas Resignation
On January 12, 2017, Wayne Thomas submitted his resignation from
the Campanys Board of Directors. The resignation was not the
result of any disagreements with the Company.
The Company provided the director with a copy of the disclosures
it is making in response to this Item 5.02 and the opportunity to
furnish the registrant with a letter addressed to the registrant
stating whether he agrees with the statements made by the
registrant in response to this Item 5.02 and, if not, stating the
respects in which he does not agree.
As of this filing, the Board of Directors has not appointed a
replacement for the position of Chief Executive Officer of the
Company, but plans to do so as soon as is practical.
About Life Clips, Inc. (OTCMKTS:LCLP)
Life Clips, Inc., formerly Blue Sky Media Corporation, is engaged in developing software. The Company is focused on the marketing of the HP branded products, as well as the Mobeego products in the United States as well as internationally. The Company holds a sublicense to use, reproduce and display the HP trademarks in various territories on HP Branded Products. The Company’s products will be the HP branded action cameras, 360 cameras, dash cameras and still cameras. In addition, the Company will sell Mobeego batteries. The Company is focused on products, including Batteries, The Battery (Energy Unit) and Adapter. Its Energy Unit consists of a custom designed plastic casing, shaped as a small can of energy drink, hosting a lithium battery. The Company plans to sell its products through retailers directly and through distributors. In addition to its international sales, the Company plans to sell directly to retailers in the United States. Life Clips, Inc. (OTCMKTS:LCLP) Recent Trading Information
Life Clips, Inc. (OTCMKTS:LCLP) closed its last trading session up +0.0005 at 0.0139 with 411,116 shares trading hands.
