Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 1, 2018, Serge Talon, sole member of the board of directors of Universal Resources (the “Registrant”), (i) accepted the resignation of Michael Holbrook as an officer of the Registrant, (ii) appointed Christopher Petzel as Chief Executive Officer, President, Secretary and Director of the Registrant, and Mikael Lundgren as Chief Financial Officer and Director of the Registrant, and (ii) resigned from all offices he held with the Registrant, effective as of the close of business on February 1, 2018.
On February 21, 2018, Mr. Petzel and Mr. Lundgren appointed Sylvaine Langlois to the Registrant’s Board as Chairman.
Mr. Petzel, age 46, currently also serves as the President and Chief Executive Officer of Broadside Enterprises, Inc. ("Broadside"), a diversified media business, since January 1, 2016. Prior to 2016, he ran an independent motion picture production and distribution company, Fierce Entertainment, LLC, where he produced several feature films and advised media distributors and investors. Before launching, Fierce Entertainment, LLC in 2001, Mr. Petzel worked for the investment banking firm Houlihan Lokey in Los Angeles and Berliner Bank AG in London, UK. He studied economics and business administration at the Universities of Fribourg, Switzerland, and Barcelona, Spain from 1991 to 1995 graduating with a Master's Degree.
Mr. Lundgren, age 46, has served as the Chief Operating Officer of Broadside since June 11, 2017 and serves on the advisory board of Royal Deals LLC in Abu Dhabi, United Arab Emirates. Before joining Broadside, Mr. Lundgren was Head of Legal Affairs for the PNYG Group, an advisory firm with a focus on the fashion and luxury real estate industries with headquarters in Switzerland and Singapore and offices in Monaco, Spain and the United Arab Emirates from 2007 to 2014. Before joining PNYG, he co-founded AristoGaming Ltd, where he was Chairman and Chief Executive Officer. AristoGaming specialized in high quality gaming systems and had branch offices in the UK, Spain and Sweden. Lundgren graduated from Lund University in Sweden in 1997 with a Master’s Degree, specializing in Law and Economics. After law school, he worked as a judge’s assistant at the Court of Gothenburg in Sweden.
Mrs. Langlois, age 54, is an investor and entrepreneur with a background in the forestry and health care industries. Commencing her career as a registered nurse, she went on to own several private health care clinics and launch a company in the forestry business. She is a published author and active in the mentorship of entrepreneurs through her leadership of the French division of Carnegie Principle, a self-improvement business, since 2016. Mrs. Langlois became a licensed practical nurse in 1982 at Charlesbourg and a registered nurse in 1986 at Limoilou College in the province of Quebec, Canada.
The Registrant issued a press release on March 16, 2018 announcing the appointment of Mr. Petzel, Mr. Lundgren and Ms. Langlois to the Registrant’s Board. A copy of the press release is attached as Exhibit 99.1 to this report and incorporated by reference herein.