American Clean Resources Group, Inc 8-K, filed Sep 12, 2023
American Clean Resources Group, Inc. (ACRG)
About this 8-K
American Clean Resources Group, Inc filed this 8-K on September 12, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c) Appointment of Certain Officers
On September 12, 2023, American Clean Resources Group, Inc. (“ACRG” or the “Company”) appointed J. Bryan Read as the President and Secretary of the Company. With this appointment, Mr. Read vacates his current position of Chief Executive Officer. Concurrently with this appointment, Tawana Bain was appointed as Chief Executive Officer of the Company.
Ms. Bain is Founder and CEO of TBAIN & Co, LLC (“TBAIN”), a social impact enterprise that houses organizations committed to renewable energy and Diversity, Equity and Inclusion (DEI) efforts. TBAIN is the manager of Granite Peak Resources, LLC, the Company’s largest shareholder.
She is also Owner and Publisher of Todays Woman, a 30+ year regional publication designed to uplift and empower the everyday woman.
Ms. Bain is active in philanthropic and government relations through her work as Founder of Derby Diversity Week and has been nationally recognized for building equity initiatives for black entrepreneurs and other marginalized groups. Ms. Bain has an extensive history in environmental programs that require community buy-in and marketing strategy of environmental restoration efforts, Diversity Equity and Inclusion around tourism for horse racing and technical support of consent decrees for the monitoring and documentation in the water and land space. Bain has been ranked as one of the top 50 most powerful people among her business peers in Louisville, Kentucky in 2022 and 2023.
Ms. Bain is an “at will” employee and does not have an employment agreement with the Company. No material plan, contract or arrangement has been entered into in connection with Ms. Bain’s appointment as the Company’s Chief Executive Officer.
There are no family relationships between Ms. Bain and any director or executive officer of the Company, and there are no arrangements or understandings with any person pursuant to which she has been selected as an officer of the Company. Except as provided above, there have been no transactions directly or indirectly involving Ms. Bain that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K of the Securities and Exchange Commission.
Also on September 12, 2023, the Company reaffirmed the appointment of Sharon L. Ullman as the Company’s Chief Financial Officer.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: September 12, 2023 | American Clean Resources Group, Inc. | |
| By: | /s/ Tawana Bain | |
|
Tawana Bain Chief Executive Officer | ||
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