MoneyOnMobile, Inc. (OTCMKTS:MOMT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

MoneyOnMobile, Inc. (OTCMKTS:MOMT) 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

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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

MoneyOnMobile, Inc. (the “Company”) received a letter of resignation from Karl Power. Mr. Power informed the Company that, effective as of August 30, 2018, he resigned his position as a director on the Company’s Board of Directors. Mr. Power’s resignation was not as a result of any disagreements with the Company.

MoneyOnMobile, Inc. (the “Company”) received a letter of resignation from David Utterback. Mr. Utterback informed the Company that, effective as of August 30, 2018, he resigned his position as a director on the Company’s Board of Directors. Mr. Utterback’s resignation was not as a result of any disagreements with the Company.

MoneyOnMobile, Inc. (the “Company”) received a letter of resignation from Jim McKelvey. Mr. McKelvey informed the Company that, effective as of August 31, 2018, he resigned his position as a director on the Company’s Board of Directors. Mr. McKelvey’s resignation was not as a result of any disagreements with the Company.

MoneyOnMobile, Inc. (the “Company”) received a letter of resignation from Narayan (AG) Gangadhar. Mr. Gangadhar informed the Company that, effective as of August 31, 2018, he resigned his position as a director on the Company’s Board of Directors. Mr. Gangadhar’s resignation was not as a result of any disagreements with the Company.

MoneyOnMobile, Inc. (the “Company”) received a letter of resignation from Oleg Gordienko. Mr. Gordienko informed the Company that, effective as of August 31, 2018, he resigned his position as a director on the Company’s Board of Directors. Mr. Gordienko’s resignation was not as a result of any disagreements with the Company.

MoneyOnMobile, Inc. (the “Company”) received a letter of resignation from Maxim Scherbakov. Mr. Scherbakov informed the Company that, effective as of August 31, 2018, he resigned his position as a director on the Company’s Board of Directors. Mr. Scherbakov’s resignation was not as a result of any disagreements with the Company.

MoneyOnMobile, Inc. (the “Company”) received a letter of resignation from Gerald Ratigan. Mr. Ratigan informed the Company that, effective as of August 31, 2018, he resigned his position as a SVP Finance and Chief Accounting Officer.


About MoneyOnMobile, Inc. (OTCMKTS:MOMT)

MoneyOnMobile, Inc., formerly Calpian, Inc., is an early-stage company. The Company operates through the MoneyOnMobile segment, which is a mobile wallet service used to pay for goods and services from a mobile phone and to make other financial transactions. MoneyOnMobile allows consumers, to deposit funds into their mobile wallet or to perform a financial transaction through its agent network of approximately 313,541 retail locations as of April 30, 2016. Consumers use their mobile phones to make certain routine payments for utilities or to transfer currency to other consumers using text-messaging and mobile application technology. MoneyOnMobile offers electronic wallet services (M-wallet), similar to carrying a prepaid debit card, however using the consumer’s mobile phone. MoneyOnMobile has a multi-lingual application. By using this application, customers, through its agent network, can pay for goods and services and send money anytime and anywhere.

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