--- schema_version: "secwatch.filing_event.v1" accession: "0001493152-24-025207" form_type: "8-K" ticker: "WBSR" cik: "0001645155" company_name: "Webstar Technology Group Inc." filed_at: "2024-06-26T23:59:59+00:00" generated_at: "2026-06-01T01:36:02.020637+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Webstar Technology Group undergoes change in control; new CEO and board; eliminates $3.2M debt ## Summary - 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. ## SEC filing metadata - accession: 0001493152-24-025207 - form_type: 8-K - ticker: WBSR - cik: 0001645155 - company_name: Webstar Technology Group Inc. - filed_at: 2024-06-26T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 5.01, 5.02 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/form8-k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001493152-24-025207 - JSON: https://secwatch.observer/filing/0001493152-24-025207.json - Plain text: https://secwatch.observer/filing/0001493152-24-025207.txt ## Key facts - Executive change James Owens resigned as other at Webstar Technology Group Inc.. - Action: resigned source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm - Executive change Adrienne Anderson resigned as Chief Financial Officer at Webstar Technology Group Inc.. - Action: resigned - Role: Chief Financial Officer source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm - Executive change Marilyn Karpoff was appointed as Independent Director at Webstar Technology Group Inc.. - Action: appointed - Role: Independent Director source text: Independent Director – Ms. Marilyn Karpoff evidence_url: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm - Executive change Gordon Clinkscale was appointed as Independent Director at Webstar Technology Group Inc.. - Action: appointed - Role: Independent Director source text: Independent Director – Mr. Gordon Clinkscale evidence_url: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm - Executive change Lance Lehr was appointed as Chief Operations Officer at Webstar Technology Group Inc.. - Action: appointed - Role: Chief Operations Officer source text: COO – Lance Lehr evidence_url: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm - Executive change Sanford Simon resigned as other at Webstar Technology Group Inc.. - Action: resigned source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm - Executive change Adrienne Anderson was appointed as Chief Financial Officer (transitional) at Webstar Technology Group Inc.. - Action: appointed - Role: Chief Financial Officer (transitional) source text: CFO – Ms. Adrienne Anderson (transitional) evidence_url: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm - Executive change Michael Hendrickson resigned as other at Webstar Technology Group Inc.. - Action: resigned source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm - Executive change Eric Collins was appointed as President at Webstar Technology Group Inc.. - Action: appointed - Role: President source text: President – Mr. Eric Collins evidence_url: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm - Executive change Donald R. Keer was appointed as Secretary at Webstar Technology Group Inc.. - Action: appointed - Role: Secretary source text: Secretary – Donald R. Keer evidence_url: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm - Executive change Ricardo Haynes was appointed as Chairman/CEO at Webstar Technology Group Inc.. - Action: appointed - Role: Chairman/CEO source text: Chairman/CEO - Mr. Ricardo Haynes evidence_url: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm - Executive change Don Roberts resigned as other at Webstar Technology Group Inc.. - Action: resigned source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.