ZNERGY, INC. (OTCMKTS:ZNRG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On September 19, 2017 the Company appointed Jennifer Peek to the board of directors. Ms. Peek will also serve as Chair of the Audit Committee of the Board.
Ms. Peek has had a distinguished career in Finance, Audit and Mergers and Acquisitions. From 2010 until the present she has led her own firm Peek Valuation, which specializes in financial mergers and acquisitions, outsource CFO services, business valuations and due diligence. From 1996 through 2010, Ms. Peek was a member of finance team at Sprint, where her responsibilities started with development and drafting of 10Q and 10K filings and ranged to coordination and integration of over $3 billion of 8 affiliated acquisitions over 5 years. From 1991 through 1996, she was an audit team member as a CPA at Baird, Kurtz and Dobson, primarily working with clients in manufacturing, distribution and construction. Over the course of her 25-year career, Ms. Peek has utilized a wide range of financial expertise that covers finance, mergers and acquisitions and valuations. Ms. Peek earned a Bachelor of Science in Business Administration degree from University of Central Missouri and a Master of Business Administration from Rockhurst University.
In conjunction with Ms. Peek’s acceptance of her appointment to the board of directors and as Chair of the Audit Committee, the Company issued 1,500,000 shares of its common stock (the “Shares”) and an option to purchase 1,500,000 shares of its common stock (the “Option”). The Shares are vested immediately, are non-assessable and validly issued, are not subject to any conditions of return to the Company and were expensed immediately. The Option has a strike price of $0.10 per share, a term of 3 years, and vests in eight equal quarterly installments beginning September 30, 2017.
This Current Report on Form 8-K contains forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. Our actual results could differ materially from those predicted or implied. Undue reliance should not be placed on the forward-looking statements in this Current Report on Form 8-K. We assume no obligation to update such statements.
Item 9.01Financial Statements and Exhibits
Znergy, Inc. ExhibitEX-99.1 2 ex99-1.htm EX-99.1 EXHIBIT 99.1 Znergy Strengthens its Board of Directors Adds Expertise in Finance and Mergers and Acquisitions TAMPA,…To view the full exhibit click
About ZNERGY, INC. (OTCMKTS:ZNRG)
Znergy, Inc., formerly Mazzal Holding Corp., is focused on the Energy Efficiency (EE) marketplace. The Company intends to sell products and services in the EE marketplace and finance EE projects for third parties. The Company is focused on commercial lighting. The Company was engaged in building and selling multi-family housing projects.
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