TransAct Energy Corp. (OTCMKTS:TEGY) 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 Principal Officers; Election of Directors; Appointment of Principal Officers
As previously reported in the 10K filed earlier in March effective March 5th, 2019, Karie Elsasser was appointed as a director of TransAct Energy Corp. bringing the current number of directors to five (5). Karie Elsasser is a senior level executive with 20 years’ experience in banking, finance and commodities. Most recently Karie serves as the CFO for Native Fuels a Wisconsin based company supporting the development of First Nation assets and resources both Nationally and Internationally in a sustainable way through assisting in the business development process including planning, sourcing technology partnerships, finance and commodity sales. Karie also owned and operated her own successful mortgage brokerage for a period of five years prior. Earlier Ms. Elsasser was a senior loans officer with Washington Mutual. We are pleased to have Karies financial depth of knowledge support the Board of Directors of TransAct Energy Corp.
Effective March 29th, 2019, Christina Kenny was appointed as a director of TransAct Energy Corp bringing the current number of directors to six (6). Christina Kenny is an experienced (20+ years) Global people and business operations executive currently serving as the Chief People Officer for Abtran, Ireland’s leading provider of customer and business process management services. Christina has been instrumental in the growth of Global corporations from $100s’ of millions of earnings to billions and scaling from 125 employees to over 5000+. Christina is ideally suited to help the Board of Directors of TransAct Energy Corp through its transition of development stage to a rapid growth operating global corporation.
Item 8.01 Other Events
None
About TransAct Energy Corp. (OTCMKTS:TEGY)
TransAct Energy Corp. is a development-stage company. The Company is involved in the business of developing and managing sustainable energy production facilities globally. The Company focuses on the global development and dissemination of its zero emissions waste optimization plants (ZEWOP). Its principal products are carbon black, phenol resins and Levoglucosan. It produces fertilizers for the agricultural industry, a brick mix for the construction industry and a range of reclaimed metals and purified (distilled) water. The ZEWOP design for mass production has a plant size processing capacity of over 1,320 metric tons per day of raw municipal solid waste. Waxes for the cosmetic industry, paraffin waxes for various other uses, including candles, along with high grade lubricating oils are ZEWOP products. The TransAct ZEWOP provides various markets with an emissions free solution utilizing their waste and turning it into various products, such as fuels.