RMR Industrials, Inc. (OTCBB:RMRI) 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.

Resignation of Officer

On December 26, 2016, Gregory Dangler resigned as Chief Financial Officer of RMR Industrials, Inc. (the “Company”). Mr. Dangler was appointed as President, Chief Financial Officer, Secretary and Director of the Company on or around November 17, 2014. Mr. Dangler will continue to serve as President, Secretary and Director of the Company following his resignation as Chief Financial Officer.

Appointment of Officer

Effective December 26, 2016, the Board appointed Michael Okada as Chief Financial Officer of the Company, to serve until his successor is duly appointed and qualified, or until his earlier resignation or removal.

There is no arrangement or understanding to which Mr. Okada was appointed as Chief Financial Officer of the Company. There are no family relationships between Mr. Okada and any other executive officers or directors of the Company, or persons nominated or chosen by the Company to become executive officers or directors. Other than the Option Grant described below, there are no recent transactions or proposed transactions in which the Company was or is to be a participant and the amount involved exceeds the lesser of $120,000 or one percent of the average of the Company’s total assets at year-end for the last two fiscal years, and in which Mr. Okada had or will have a direct or indirect material interest.

Mr. Okada has served as the Corporate Controller of the Company and its affiliates since January 2015. Mr. Okada has over 25 years of executive financial management experience in high growth public industrial companies. Mr. Okada previously held senior management roles with NASDAQ and NYSE companies in a broad range of industries, including manufacturing, technology, semiconductors, professional services, pharmaceuticals, medical devices and health care services. Mr. Okada has expertise in SEC financial reporting, board and investor relations for portfolio companies, and establishing infrastructure for growing organizations. Prior to joining the Company, Mr. Okada served as Senior Vice President and Chief Financial Officer of Cereplast, Inc., a publicly-traded bio-plastic resin manufacturer. Prior to Cereplast, Mr. Okada served as Vice President of Finance and Corporate Controller of Mindspeed Technologies, a publicly-traded fabless semiconductor company which provides technology solutions for the wireless network infrastructure industry. Prior to his corporate management positions, Mr. Okada began his career with Coopers & Lybrand (PricewaterhouseCoopers). Mr. Okada received a B.S. in Accounting from Santa Clara University and is a Certified Public Accountant (inactive) in the State of California.

About RMR Industrials, Inc. (OTCBB:RMRI)

RMR Industrials, Inc. focuses on developing and commercializing intellectual property rights across natural resource related assets. The Company’s business operations focus on developing potential licensing opportunities, joint ventures and strategic alliances. Its intellectual property portfolio focuses on industrial mineral advancement, mainly the extraction of hydrocarbons from reservoirs. Its operations are primarily focused on developing commercial opportunities and product line extensions for the industrial-based intellectual property. It intends to own, operate, produce and distribute certain industrial minerals, including but are not limited to feldspar, talc, mica, bentonite, vermiculite, frac sand, aggregates, antimony, barite, silica, ball clays, graphite, sulfur and zeolite. In addition, it also intends to own, operate, produce and distribute certain chemicals, including but not limited to glycols, ethanolamines, methanol, antifreeze, desalting compounds and dispersants.

RMR Industrials, Inc. (OTCBB:RMRI) Recent Trading Information

RMR Industrials, Inc. (OTCBB:RMRI) closed its last trading session at 0.0000 with shares trading hands.