MAGNEGAS CORPORATION (NASDAQ:MNGA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On June 30, 2018, Carla Santilli provided MagneGas Corporation (the “Company”) with written notice of her resignation as a member of the Company’s Board of Directors. Mrs. Santilli’s resignation is not the result of any disagreement with the policies, practices or procedures of the Company. Mrs. Santilli’s resignation letter is attached hereto as Exhibit 17.1.
On June 30, 2018, Christopher Huntington provided the Company with written notice of his resignation as a member of the Company’s Board of Directors. Mr. Huntington’s resignation is not the result of any disagreement with the policies, practices or procedures of the Company. Mr. Huntington’s resignation letter is attached hereto as Exhibit 17.2.
|Item 9.01||Financial Statements and Exhibits.|
MAGNEGAS CORP Exhibit…To view the full exhibit click
About MAGNEGAS CORPORATION (NASDAQ:MNGA)
MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions. The Company also markets, for sale or licensure, its plasma arc technology for the processing of liquid waste (the Plasma Arc Flow System). Its products include the fuel called MagneGas2 for the metal working industry, the equipment primarily known in the firefighting industry, known as MagneTote, and the machines that produce MagneGas2, known as Plasma Arc Flow refineries. In addition, the Company sells metal cutting fuels and ancillary products through its subsidiary, Equipment Sales and Service, Inc. (ESSI), a Florida corporation. It distributes products through several industrial gas companies in California, Michigan, Florida, Georgia, Indiana, and Pennsylvania.