Business Context and Reporting Period
This Form 8-K is filed by KSIX Media Holdings, Inc. (noted as Surgepays, Inc. in metadata) on August 1, 2017, reporting events occurring on July 25, 2017 and July 26, 2017. The filing details a significant change in corporate control and leadership structure.
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 corporate governance changes rather than financial performance.
Material Changes
- Change in Control: Carter Matzinger transferred 7,500,000 shares of Class "A" Preferred Stock to Kevin Brian Cox. This transfer grants Cox voting control over all matters related to the Company's Common Stock.
- Board of Directors: Clinton Coldren resigned as a director. Kevin Brian Cox was appointed as his successor. Carter Matzinger retained his position as a director.
- Executive Leadership: Carter Matzinger resigned from all officer positions (CEO, President, Treasurer, Secretary). Kevin Brian Cox was appointed as the new CEO, President, Secretary, Treasurer, and Chairman of the Board. Anthony P. Nuzzo Jr. was appointed as Chief Strategy Officer.
Outlook, Risks, and Management Commentary
The filing does not contain forward-looking guidance, risk factors, or management commentary regarding future operations. The document strictly reports the execution of a Master Agreement and the subsequent appointment of new officers and directors via Written Consent.
Investor Verification Checklist
- Verify the exact terms of the Master Agreement between KSIX Media Holdings, Inc., True Wireless, LLC, and its members.
- Confirm the voting rights attached to the 7,500,000 Class "A" Preferred Stock shares transferred to Kevin Brian Cox.
- Review the background and qualifications of the newly appointed officers (Kevin Brian Cox and Anthony P. Nuzzo Jr.).
- Check for any subsequent filings regarding the strategic direction of the company under the new leadership.