SHARING SERVICES, INC. (OTCMKTS:SHRV) Files An 8-K Changes in Control of RegistrantITEM 5.01 CHANGE OF CONTROL OF REGISTRANT
On December 16, 2016, Foshan City Shunde District Cheering Garden Tools Co., Ltd. of Guangdong Provence, China acquired a total of 30,020,000 shares of the Company’s common stock in two private transactions. Of the shares acquired, 30,000,000 were purchased from our now former President and Director, Natthapong Thipjaroey, and 20,000 were purchased from Bop Arthan. The shares involved in the transactions constitute approximately 56.3% of the Company’s currently issued and outstanding common stock.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
Effective December 21, 2016, Natthapong Thipjaroey resigned as President, Principal Executive Officer, Secretary, Treasurer and Director of the Company. Mr. Thipjaroey’s resignation was not the result of any disagreements with the Company regarding our operations, policies, practices or otherwise. Concurrently, Jordan Brock was appointed President, Chief Executive Officer and a Director of the Company and Frank A. Walters was appointed Secretary, Treasurer, Principal Financial Officer and a Director of the Company.
Jordan Brock – President Chief Executive Officer and Director
Jordan Brock, age 35, is a graduate of Abilene Christian University with a BA in Business Management and of Oklahoma Christian University with an MBA in eCommerce. From 2011 to present, Mr. Brock has been Vice President of Business Development with GoodThink, Inc., a leading Positive Psychology corporate consulting firm based in Dallas, Texas, where he is responsible for strategic direction and business initiatives.
Frank A. Walters – Secretary, Treasurer, Principal Financial Officer and Director
Frank A. Walters, age 68, has more than 30 years experience as a CFO and COO in manufacturing, distribution, direct selling, management consulting, staffing and financial services companies. Mr. Walters is a graduate of Illinois State University and is a licensed Certified Public Account. From March, 2012 to present, Mr. Walters has served as Chief Financial Officer of Columbia Advisory Group, a Dallas, Texas based Information Technology (IT) consulting firm. From 2006 to 2010, Mr. Walters served as Chief Financial Officer of Worldventures, a Plano, Texas based direct selling travel club. From 1999 to 2012, Mr. Walters served as President of Kestral Financial, a Los Angeles, California based firm, which provided CFO and operational support for startup and emerging growth companies.
The Company believes that Messrs. Brock and Walters respective educational backgrounds and business and operational experiences give them the qualifications and skills to serve as Directors and in their respective officer positions.
Neither Mr. Brock nor Mr. Walters has been involved in a transaction with related persons, promoters or control persons during the Company’s preceding fiscal year.
About SHARING SERVICES, INC. (OTCMKTS:SHRV)
Sharing Services Inc, located in Khon Kaen, Thailand, is focused to market and sell the company’s taxi sharing service via a developed website. The company was incorporated on April 24, 2015.