Current Report Filing (8-k)
June 05 2019 - 10:43AM
Edgar (US Regulatory)
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): June 1, 2019
GLOBAL
HEALTHCARE REIT, INC.
(Exact Name of Registrant as Specified in its Charter)
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Utah
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0-15415
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87-0340206
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(State
or other jurisdiction
of incorporation)
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Commission
File Number
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(I.R.S.
Employer
Identification number)
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6800
N. 79
th
St., Ste. 200, Niwot, CO 80503
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code:
(303) 449-2100
______________________________________________________
(Former
name or former address, if changed since last report)
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Written
communications pursuant to Rule 425 under the Securities Act
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
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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 [X]
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.
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ITEM
5.02:
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ELECTION/RESIGNATION
OF DIRECTORS
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Resignation
of Director:
Effective
June 1, 2019 Andrew Sink tendered his letter of resignation as a member of the Board of Directors of Global Healthcare REIT, Inc.,
a Utah corporation (the “Company”), effective immediately.
The
Company would like to thank Mr. Sink for his generous service and support.
APPOINTMNET
OF DIRECTOR
:
Effective
June 1, 2019 the Board of Directors of the Company has appointed Mr. John H. Downs, Jr. to serve as a member of the Board of Directors
of Global Healthcare REIT, Inc., a Utah corporation (the “Company”) to fill the vacancy created by the resignation
of Mr. Sink.
The
following is biographical information on Mr. Downs:
John
H. Downs, Jr., age 62, has been President and Chief Executive Officer of the National Confectioners Association and NCA’s
Chocolate Council since 2014. In 2015, he was appointed to the U.S. Chamber of Commerce’s Association Committee of 100.
For the 28 years prior to his appointment to the NCA, Mr. Downs was senior executive management within the Coca-Cola system of
companies, concentrating his activities in international government relations and public affairs. Mr. Downs holds a B.A. degree
in political science from Washington College, Maryland.
As
a director, Mr. Downs will participate in the Company’s compensation plan for directors pursuant to which he will be entitled
to receive an annual restricted stock award having a market value of $30,000. As his election is effective June 1, 2019, Mr. Downs
will be entitled to receive for the partial calendar year 2019 a restricted stock award having a market value of $17,500. The
grant will be effective June 1, 2019 and will be based upon the closing price of the Company’s common stock on May 31, 2019
valued at $0.33 per share.
Currently
the Company’s Board of Directors has no standing committees.
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 thereunto duly authorized.
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Global
Healthcare REIT, Inc
(Registrant)
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Dated:
June 5, 2019
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/s/
Zvi Rhine
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President
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