secwatch.observer — SEC 8-K summary
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Issuer:     SIMPLICITY ESPORTS & GAMING Co (—)
CIK:        0001708410
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001493152-24-030331
Event type: m_and_a
Sentiment:  negative
Materiality: 0.95
Item codes: 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simplicity Esports undergoes change in control; Hiza acquires control for $1, new board and officers appointed.
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- James Hiza purchased one share of Series X Convertible Preferred Stock from Roman Franklin for $1, gaining voting control of the company.
- All prior directors resigned May 15, 2024; Scott Cox elected sole Class I director, James Hiza appointed Class II Director and Executive Chairman.
- All prior officers removed; Brandon Sisson appointed President, CEO, CFO, Secretary, Treasurer, and principal accounting officer.
- Certificate of Incorporation amended to require stockholder actions only at meetings (no written consent) while Series X stock is outstanding.
- Series X Preferred Stock transfer restricted; attempted transfer voids the share and entitles holder to only $1 redemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708410/000149315224030331/0001493152-24-030331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708410/000149315224030331/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-030331

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