8-K
filed March 21, 2022, 7:59 PM ET
ticker DWAY
CIK 0001394638
M&A
confidence high
sentiment neutral
materiality 0.90
Creative Learning sells all learning subsidiaries to CEO-controlled entity for $150,000
Driveitaway Holdings, Inc.
- Sold all learning subsidiaries (Learning Business) to StroomX LLC, controlled by CEO Christopher Rego, for $150,000.
- Consideration includes $50k set-off of severance owed to Rego and $100k promissory note due April 20, 2022; note may be satisfied by delivery of at least 500k shares of common stock.
- Sale closed March 18, 2022; purchaser assumed all liabilities of Learning Business and agreed to indemnify company.
- All four directors (Whiton, Rego, Zell, Simento) resigned effective March 15, 2022; replaced by Possumato, Potash, Patrizio.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rod Whiton resigned as Director at Driveitaway Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher Rego resigned as Director at Driveitaway Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul Patrizio was appointed as Director at Driveitaway Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On February 24, 2022, by written consent of the Board, John Possumato, Adam Potash and Paul Patrizio were appointed directors, provided that the appointments of Messrs. Potash and Patrizio would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adam Potash was appointed as Director at Driveitaway Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On February 24, 2022, by written consent of the Board, John Possumato, Adam Potash and Paul Patrizio were appointed directors, provided that the appointments of Messrs. Potash and Patrizio would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Possumato was appointed as Director at Driveitaway Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On February 24, 2022, by written consent of the Board, John Possumato, Adam Potash and Paul Patrizio were appointed directors, provided that the appointments of Messrs. Potash and Patrizio would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Simento resigned as Director at Driveitaway Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gary Zell resigned as Director at Driveitaway Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.
View on SEC.gov
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.