SITESTAR CORPORATION (OTCMKTS:SYTE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

SITESTAR CORPORATION (OTCMKTS:SYTE) 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

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On April 3, 2018, the Company announced that it appointed Jeremy K. Deal, 40, as a member of the Board. Mr. Deal was appointed by the Board at its meeting on March 29, 2018 and the appointment was effective on March 29, 2018. Mr. Deal will serve on the Audit Committee and as Chairman of the Governance, Compensation and Nomination Committee.

Mr. Deal is the founder and portfolio manager of JDP Capital Management. Prior to founding JDP Capital in 2011, Mr. Deal worked in the home security and energy management industries. He holds a Bachelor of Science in International Business from Alliant International.

Mr. Deal does not have any interest in any transactions requiring disclosure under Item 404(a) of Regulation S-K, and there are no arrangements or understandings between Mr. Deal and any other person to which he was appointed as a director.

A copy of the Press Release dated April 3, 2018 announcing the foregoing is attached hereto asExhibit 99.1.

Item 9.01 – Financial Statements and Exhibits.

(a) Financial statements of businesses acquired – not applicable

(b) Pro forma financial information – not applicable

(c) Shell company transactions – not applicable

(d) Exhibits

Exhibit No.

Exhibit Description

99.1

Press Release dated April 3, 2018


SITESTAR CORP Exhibit
EX-99.1 2 syte-ex991_6.htm EX-99.1 syte-ex991_6.htm     Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Jessica Greer (434) 382-7366 [email protected]    Sitestar Corporation Announces the Appointment of Jeremy Deal as a Director   Richmond,…
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About SITESTAR CORPORATION (OTCMKTS:SYTE)

Sitestar Corporation, formerly Interfoods Consolidated, Inc., is an Internet service provider (ISP). The Company operates through three segments: Internet, Real estate and Corporate. The Company’s Internet segment provides Internet access to customers throughout the United States and Canada. The Company’s Real estate segment invests in, refurbishes and markets real estate for resale. The Corporate group is the holding company that oversees the operating of the Internet group and arranges financing. The Company offers consumer and business-grade Internet access, wholesale-managed modem services for downstream ISPs, Web hosting, and various ancillary services. The Company owns a real estate investment portfolio that includes residential properties, vacant land and a commercial property. Its real estate portfolio is primarily focused on the Roanoke and Lynchburg areas of Virginia.

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