Business Context and Reporting Period
This Form 8-K was filed on January 12, 2016, by Probe Manufacturing, Inc. (now Clean Energy Technologies, Inc.), a Nevada corporation. The report covers corporate governance changes and a name change effective between October 2015 and November 2015.
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 and structural changes rather than financial performance.
Material Changes
- Corporate Name Change: On November 13, 2015, the Company filed a Certificate of Amendment to change its name from "Probe Manufacturing, Inc." to "Clean Energy Technologies, Inc." The effectiveness of this change and the associated symbol change are pending approval by FINRA.
- Board of Directors Appointments: On October 9, 2015, five new directors were appointed: Meddy Sahebi (appointed Chairman), Daniel Elliott, Erin Falconer, Juha Rouvinen, and William Maloney. These appointments bring significant experience in renewable energy, emerging markets, and technology.
- Resignations: Juhani Taskinen resigned as a Director on October 12, 2015. Shervin Talieh resigned as an Officer and Director on December 23, 2015. The Company stated these resignations were not the result of any disagreement regarding operations, policies, or practices.
Outlook, Risks, and Management Commentary
Management commentary highlights the strategic intent behind the new board appointments, emphasizing expertise in the renewable energy sector, sustainable technology, and business development. The Company anticipates filing a subsequent Form 8-K upon receiving FINRA approval for the name and symbol change. No specific financial guidance, risks, or contingencies were disclosed in this filing.
Key Facts for Investor Verification
- Verify the current status of the name change and symbol change with FINRA, as the filing states approval is pending.
- Confirm the current composition of the Board of Directors following the October and December 2015 changes.
- Review subsequent filings for financial data, as this 8-K contains no financial statements or metrics.
- Monitor for the subsequent 8-K filing that will announce the official effectiveness of the name change to Clean Energy Technologies, Inc.