Western Capital Resources, Inc. (OTCMKTS:WCRS) Files An 8-K Other Events
Item 8.01.Other Events
Mr. Ellery Roberts, a current director on the Board of Directors of Western Capital Resources, Inc., and BC Alpha Holdings I (“BC Alpha”) have informed the Board that Mr. Roberts has left his employment with BC Alpha’s affiliate Blackstreet Capital Management, LLC (“Blackstreet Capital”) and should no longer be considered appointed to the Board at the direction of BC Alpha, to certain director-appointment rights earlier granted to BC Alpha. Mr. Roberts will remain on the Board of Directors for the remainder of his term. On January 11, 2019, after considering various factors it deemed relevant, the Board determined that Mr. Roberts is “independent” for the purpose of serving on the audit committee and compensation committee of the Board and appointed him as Chairman of those committees.
About Western Capital Resources, Inc. (OTCMKTS:WCRS)
Western Capital Resources, Inc. (WCR) is a holding company. The Company’s segments are Franchise segment, Cellular Retail segment, Direct to Consumer segment and Consumer Finance segment. The Franchise segment consists of AlphaGraphics, Inc., the franchisor of AlphaGraphics customized print and marketing solutions. Its Cellular Retail segment consists of an authorized Cricket Wireless dealer and involves the retail sale of cellular phones and accessories to consumers through its subsidiary PQH Wireless, Inc. and its subsidiaries. Its Direct to Consumer segment consists of an online and direct marketing retailer and distributor of live plants, seeds, holiday gifts and garden accessories, and an online and direct marketing distribution retailer of home improvement and restoration products operating as Van Dyke’s Restorers. Its Consumer Finance segment consists of retail financial services conducted through its subsidiaries, Wyoming Financial Lenders, Inc. and Express Pawn, Inc.