VALUESETTERS INC. (OTCMKTS:VSTR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
On July 21, 2017, Manuel Teixeira provided written notice that he resigned from the board of directors and as chief executive officer of Valuesetters Inc. (the “Company”). Mr. Teixeira’s decision to resign was for personal reasons and was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
On July 28, 2017, Cecilia Lenk, 62, accepted the position as Chief Executive Officer. The board of directors granted Ms. Lenk 10,000,000 shares of restricted common stock of the Company as compensation.
Ms. Lenk has no family relationships with any directors or officers of the Company.
For the past five years, Ms. Lenk has had the following principal occupations and employment:
| · | Self-Employed Business Consultant |
| o | Address: 81 Boyd Street Watertown MA 02472 |
| · | Town Councilor, Watertown MA (2010-2015) |
| o | Address: Town Hall, 149 Main Street, Watertown MA 02472 |
Ms. Lenk has not held any directorships during the past five years: