8-K
filed June 26, 2024, 7:59 PM ET
ticker WBSR
CIK 0001645155
other material
confidence high
sentiment neutral
materiality 0.75
Webstar Technology Group undergoes change in control; new CEO and board; eliminates $3.2M debt
Webstar Technology Group Inc.
- Purchasers acquire all Series A Preferred Stock from Frank Perone Irrevocable Trust, resulting in change of control.
- New board: Chairman/CEO Ricardo Haynes; President Eric Collins; COO Lance Lehr; CFO Adrienne Anderson (transitional).
- Agreement with Webnet Technologies eliminates $3,237,660 in debt in exchange for software licenses.
- Acquisition of Bear Village assets from Thunder Energies, including XXXX RORA Prime cryptocurrency.
- ECO to issue 201,057,278 common shares to Webstar shareholders for contract acquisition.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
James Owens resigned as other at Webstar Technology Group Inc..
- Action
- resigned
Exact text from the filing
the existing officers and directors of the Company, Mr. James Owens, Mr. Michael Hendrickson, Mr. Sanford Simon, Mr. Don Roberts and Ms. Adrienne Anderson have either resigned or been voted out of their positions.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adrienne Anderson resigned as Chief Financial Officer at Webstar Technology Group Inc..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
the existing officers and directors of the Company, Mr. James Owens, Mr. Michael Hendrickson, Mr. Sanford Simon, Mr. Don Roberts and Ms. Adrienne Anderson have either resigned or been voted out of their positions.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Marilyn Karpoff was appointed as Independent Director at Webstar Technology Group Inc..
- Action
- appointed
- Role
- Independent Director
Exact text from the filing
Independent Director – Ms. Marilyn Karpoff
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gordon Clinkscale was appointed as Independent Director at Webstar Technology Group Inc..
- Action
- appointed
- Role
- Independent Director
Exact text from the filing
Independent Director – Mr. Gordon Clinkscale
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lance Lehr was appointed as Chief Operations Officer at Webstar Technology Group Inc..
- Action
- appointed
- Role
- Chief Operations Officer
Exact text from the filing
COO – Lance Lehr
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sanford Simon resigned as other at Webstar Technology Group Inc..
- Action
- resigned
Exact text from the filing
the existing officers and directors of the Company, Mr. James Owens, Mr. Michael Hendrickson, Mr. Sanford Simon, Mr. Don Roberts and Ms. Adrienne Anderson have either resigned or been voted out of their positions.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adrienne Anderson was appointed as Chief Financial Officer (transitional) at Webstar Technology Group Inc..
- Action
- appointed
- Role
- Chief Financial Officer (transitional)
Exact text from the filing
CFO – Ms. Adrienne Anderson (transitional)
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Hendrickson resigned as other at Webstar Technology Group Inc..
- Action
- resigned
Exact text from the filing
the existing officers and directors of the Company, Mr. James Owens, Mr. Michael Hendrickson, Mr. Sanford Simon, Mr. Don Roberts and Ms. Adrienne Anderson have either resigned or been voted out of their positions.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Eric Collins was appointed as President at Webstar Technology Group Inc..
- Action
- appointed
- Role
- President
Exact text from the filing
President – Mr. Eric Collins
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Donald R. Keer was appointed as Secretary at Webstar Technology Group Inc..
- Action
- appointed
- Role
- Secretary
Exact text from the filing
Secretary – Donald R. Keer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ricardo Haynes was appointed as Chairman/CEO at Webstar Technology Group Inc..
- Action
- appointed
- Role
- Chairman/CEO
Exact text from the filing
Chairman/CEO - Mr. Ricardo Haynes
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Don Roberts resigned as other at Webstar Technology Group Inc..
- Action
- resigned
Exact text from the filing
the existing officers and directors of the Company, Mr. James Owens, Mr. Michael Hendrickson, Mr. Sanford Simon, Mr. Don Roberts and Ms. Adrienne Anderson have either resigned or been voted out of their positions.
View on SEC.gov
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