Business Context and Reporting Period
This Form 8-K is a current report filed by Muscle Maker, Inc. (not Sadot Group Inc.) on April 13, 2018. The company is incorporated in California and identifies as an emerging growth company. The report addresses corporate governance changes under Item 5.02.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Director Resignation: Merlin Spencer resigned as a director on April 13, 2018, citing personal reasons. He reported no disagreements with the company regarding operations, policies, or practices.
- Board Appointments: On April 17, 2018, the Board appointed John Marques and Kevin Mohan (Interim President) to fill the vacancies.
- Related Party Transactions: No transactions exceeding $120,000 involving the new directors have occurred since the beginning of the last fiscal year, and no such transactions are currently proposed.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary on future performance. No specific risks or contingencies are disclosed in this report. The document confirms no undisclosed arrangements existed regarding the selection of the new directors.
Important Facts for Investors to Verify
- Verify the strategic impact of the leadership changes on the company's operational direction.
- Review the professional backgrounds of the new directors: John Marques (trucking and real estate experience since 1994) and Kevin Mohan (VP of Capital Markets for American Restaurant Holdings, Inc. since 2012).
- Confirm the company's current financial status through subsequent filings, as this 8-K contains no financial data.