secwatch.observer — SEC 8-K summary
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Issuer:     Transglobal Management Group, Inc. (TMGI)
CIK:        0001434601
Form:       8-K
Filed at:   2026-10-07T23:50:19+00:00
Accession:  0001683168-26-007705
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434601/000168316826007705/0001683168-26-007705-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434601/000168316826007705/tmgi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-007705

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer