Form 8-K - Current report
July 19 2023 - 3:36PM
Edgar (US Regulatory)
0001488638
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0001488638
2023-07-17
2023-07-17
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): July 17, 2023
MBG
Holdings Inc.
(Exact name of registrant as specified
in its charter)
Nevada |
|
000-56318 |
|
27-2262006 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
MBG Holdings Inc.
4301 West Bank Dr. Suite 110B
Austin, Texas 78746
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including
area code: (512) 360-0459
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.
below):
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which
registered |
Common Stock, par value $0.001 per share |
|
MGBH |
|
OTC Markets |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers |
On July 13, 2023 James Frinzi tendered his resignation in writing as Chief Executive
Officer of the Company. The resignation as the Chief Executive Officer was not the result of any disagreement with the Company on any
matter relating to the Company’s operations, policies or practices.
On July 13, 2023, the Board of MBG Holdings, Inc., pursuant to its powers under the
Company’s bylaws, appointed Joseph Baum as Chief Restructuring Officer of the Company to hold such office until his successor shall
have been duly elected and qualified or until his earlier death, resignation or removal in accordance with the Bylaws.
Mr. Baum is a Partner at CFGI who specializes in restructuring. He
brings more than 20 years of experience leading the restructuring of companies in the roles of Chief Restructuring Officer and financial
advisor. Joseph’s work includes companies such as TOUSA, Fleming Foods, Tropicana Casino and Resort, Marcel Paper Mills, and Worldcom.
Joseph’s professional affiliations include the American Institute of Certified Public Accountants, the American Bankruptcy Institute,
the New Jersey Society of Certified Public Accountants, the Association of Insolvency and Restructuring Advisors, the Association of Certified
Fraud Examiners, and the New York Institute of Credit.
On July 13, 2023, the Board of MBG Holdings, Inc., pursuant to its powers under the
Company’s bylaws, appointed Samantha Sondrup as Deputy Secretary of the Company to hold such office until her successor shall have
been duly elected and qualified or until her earlier death, resignation or removal in accordance with the Bylaws.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 19, 2023 |
|
American Metals Recovery and Recycling, Inc. |
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|
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By: |
/s/ James Frinzi |
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Name: |
James Frinzi |
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Title: |
Chief Executive Officer |
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