Business Context and Reporting Period
This Form 8-K Current Report was filed by Steampunk Wizards, Inc. (formerly Freedom Petroleum, Inc.) on August 28, 2015. The report discloses a change in corporate governance and management effective immediately on the date of the report.
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 appointments and does not contain financial statements or performance data.
Material Changes
The primary material change reported is the appointment of Mr. Brendon Grunewald as Chief Technology Officer. Previously appointed as Chief Corporate Strategy Officer in July 2015, Mr. Grunewald was not previously deemed an executive officer. Under this new appointment, he will serve in both the CTO and Chief Corporate Strategy Officer roles and is now classified as an executive officer of the Company.
Management Commentary and Background
Mr. Grunewald is the founder of Steampunk Wizards, Ltd., the Company's Maltese subsidiary. His background includes over 20 years of experience in funding, building, and rescuing businesses. Prior to joining Steampunk Wizards, he ran E6Ventures (an early-stage VC fund), served as CEO of Sinfilo (sold to Telenet in 2003), worked in corporate finance at Siemens, and spent 14 months as a research scientist in Antarctica. He holds an MBA from Open University and a BSc Hons from Rhodes University.
Investor Verification Checklist
- Verify the exact scope of Mr. Grunewald's new responsibilities as Chief Technology Officer versus his previous role.
- Confirm the operational status and relationship between Steampunk Wizards, Inc. and its Maltese subsidiary, Steampunk Wizards, Ltd.
- Review subsequent filings for any financial updates, as this 8-K contains no financial data.
- Check for any related party transactions involving Mr. Grunewald given his dual role as founder of the subsidiary and new executive officer.