ROI LAND INVESTMENTS LTD. (OTCMKTS:ROII) 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 Election of Directors; Appointment of Certain Officers
This Form 8-K/A is fled as an Amendment No.1 (the Amendment) to
the Current Report on Form 8-K filed by ROI Land Investments Ltd.
(the Company) on April 21, 2017 (the Current Report). This
Amendment is being filed solely for the purpose of correcting an
error in Item 5.02 and Exhibit 99.1 of the Current Report, which
has been corrected on Exhibit 99.1 to this Amendment. As
indicated in Exhibit 99.1 to this Amendment, on April 18, 2017,
the Board of Directors of the Company appointed Stphane Boivin as
Project Manager. Stphane Cliche remains President and COO of ROI.
Exhibit 99.1
FORM 8-K/A
(Amendment No. 1)
(a) On April 18, 2017, the Board of Directors of ROI Land
Investments, Ltd. (ROI), appointed Mr. Martin Scholz to serve as
ROIs Executive Vice President. Mr. Scholz is a current officer of
ROI, and no additional compensation was granted for serving in
his new capacity.
Mr. Scholz, has joined ROI in October 2015 as Vice President
Investor Relations.Prior to joining the ROI team, Mr. Scholz was
a qualified financial consultant at Deutsche Bank for 20 years
and a regional director for the brokers mobile sales force. While
at Deutsche Bank, Mr. Scholz managed a team of financial advisors
and he was responsible for providing a range of financial and
estate planning services to individuals and families. Mr. Scholz
was also responsible for the acquisition of new private and
business clients, organizational planning, strategic management
and advising entrepreneurs on how to successfully develop their
business. He is fluent in English and German.Martin Scholz
graduated as Certified Banking Manager Level 1 at Frankfurt
School of Finance . Management.
(b) On April 18, 2017, the Board of Directors of ROI increased
the number of its members from 2 to 3 and appointed Martin Scholz
to fill the vacancy created by such increase. The biography of
the new Director is found in clause (a) above. The Board of
Directors has no committees. No additional compensation is being
received by the new director.
(c) On April 18, 2017, the Board of Directors of ROI appointed
Antoine Tronquoy as the new Chief Financial Officer to replace
Mr. Mohsen Maaouia who previously served as interim Chief
Financial Officer of the Company.
Mr. Antoine Tronquoy has over 15 years of experience in the
financial industry. He started his career at Morgan Stanley in
Paris in 2002 in the Mergers and Acquisition department. From
2003 to 2009 he was part of the real estate structured finance
group within Morgan Stanley where he originated over $5 Bn of
financing with collateral in France, Belgium and Spain. He then
joined Otera Capital (real estate debt affiliate of Caisse de
dpot et placement du Qubec) as director in charge of special
projects including the restructuring and the sale of a $2 Bn
portfolio of international non-performing loans and the due
diligence for a corporate acquisition. In 2013, he was appointed
as Chief Financial Officer of Inovalis REIT (TSX: INO.UN), a REIT
listed on the TSX investing in commercial real estate properties
in France and Germany. The company doubled its size with a market
capitalization increased from $110 M to $220 M during the three
years he acted as CFO.
Antoine Tronquoy graduated with a Masters in Management from HEC
Paris.
(d) On April 18, 2017, the Board of Directors of ROI appointed
Stphane Boivin as Project Manager.
Mr. Boivin has worked on various projects from luxury hotels to
commercial and residential buildings including industrial and
telecom infrastructures. He managed about 30 projects total
during his career, most of them were 22 story skyscrapers that
were built in different environments such as Brazil, Columbia,
Mexico, USA and Canada. With over 20 years of project development
experience working with investors, plant managers, builders and
architects, Mr. Boivin is able to cater an excellent overview of
a project from beginning to end and will provide senior
leadership in all projects developed by ROI in Canada, USA and
Dubai. Mr. Boivin is also an INSEAD MBA graduate in finance and
has a degree in Mechanical Engineering from Laval University,
Canada.
About ROI LAND INVESTMENTS LTD. (OTCMKTS:ROII)
ROI Land Investments Ltd. is a land development company that owns and operates businesses in the land development industry. The Company’s business model consists of acquiring land free of zoning restrictions, obtaining the necessary permits, outsourcing developments of the infrastructure and profiting from the sale of the subdivided land units to established residential and commercial building developers. Its real estate projects in development include Beauport, Quebec City; Terrace, British Columbia; Kitimat, British Columbia; Louisette, France; Evans, Colorado, and Sobha Hartland, Dubai. It owns approximately three properties in Terrace. The Evans project features a mix of housing units, including single family homes, town homes, duplexes and condos. The Sobha Hartland project features three, eight-story buildings for a total of approximately 300 units. Each building offers Dubai residents with a range of housing options. ROI LAND INVESTMENTS LTD. (OTCMKTS:ROII) Recent Trading Information
ROI LAND INVESTMENTS LTD. (OTCMKTS:ROII) closed its last trading session 00.000 at 0.100 with 20,100 shares trading hands.