DYNARESOURCE, INC. (DYNR): M&A transaction — DynaResource redeems CEO's Series A Preferred for $1.25M; adds independent director, ends board control

DYNARESOURCE, INC.

Company redeemed 1,000 Series A Preferred shares from CEO Diepholz for $1.25M; Series A carried right to elect board majority.
Ronald Vail elected as fourth independent director; board now majority independent; Audit and Nominating committees created.
New four-year employment agreements for CEO ($300K base, 100% bonus) and three other executives; severance equals remaining salary.
Golden Post released claims against company and Diepholz; waived anti-dilution rights for certain equity awards.
Diepholz transferred his Dyna Mexico share to a new subsidiary; his authority as attorney-in-fact subjected to board oversight.

item 1.01 item 5.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Ronald Vail

Director

DYNR · DYNARESOURCE, INC.

Effective: 2023-04-19
Filed: April 26, 2023, 7:59 PM ET

On April 19, 2023, Ronald Vail, 75, was elected to fill the vacant seventh seat on the Company’s Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ronald Vail was elected as Director at DYNARESOURCE, INC..

Action: elected
Role: Director

Exact text from the filing

On April 19, 2023, Ronald Vail, 75, was elected to fill the vacant seventh seat on the Company’s Board of Directors.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.7

DYNARESOURCE, INC. underwent a change of control involving Koy W. Diepholz for $1,250,000.

Action: change of control
Counterparty: Koy W. Diepholz
Consideration: $1,250,000

Exact text from the filing

the Company's redemption of the A Shares from Diepholz for a purchase price of $1,250,000 will result in Diepholz no longer having the right to control the election of a majority of the Company's Board of Directors

View on SEC.gov

Browse all m&a transactions →

DYNARESOURCE, INC. filing history →

Source: SEC EDGAR

accession 0001654954-23-005208

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.