Third Life World acquires 80% voting control of TMGI for $140K; CEO Marc Angell to resign, gets $115K bonus

Transglobal Management Group, Inc.

Buyer Third Life World LLC (managed by Jorge Guinovart) acquired all 200 Series A Preferred shares from Marc Angell for $140,000, gaining 80% of TMGI voting power.
TMGI issued 8 Series B Preferred shares to Sellers, convertible into common stock equal to 4% of outstanding shares post-conversion; non-dilutive, fixed percentage.
Marc Angell will resign as CEO/President after Closing; retained as consultant 3 months at $5,000/month plus one-time $115,000 bonus, vested on execution, payable within 90 days.
Closing conditions include the Unwind and Settlement Agreement with GetGolf.com, Jeff Foster and Kelly Kirchhoff, filing the Certificate of Designation, and TMGI's $25,000 Closing Payment.
Jacquie Angell's $2,000,000 promissory note dated Sept 20, 2022 remains in force and fully convertible; Buyer and TMGI are barred from altering its terms.

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Executive movements

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Departed

Marc Angell

Chief Executive Officer and President

TMGI · Transglobal Management Group, Inc.

Filed: October 7, 2026, 7:50 PM ET

Mr. Angell will resign from his officer positions immediately after completion of the applicable Closing deliveries to him, including the valid issuance and transfer-agent recording of any Series B Shares allocated to him, and a further Current Report will be filed upon Closing.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.88

Marc Angell departed as Chief Executive Officer and President at Transglobal Management Group, Inc..

Action: resign
Role: Chief Executive Officer and President

Exact text from the filing

Mr. Angell will resign from his officer positions immediately after completion of the applicable Closing deliveries to him, including the valid issuance and transfer-agent recording of any Series B Shares allocated to him, and a further Current Report will be filed upon Closing.

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Transglobal Management Group, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-26-007705

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