UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
_____________________
FORM
_____________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter) |
|
|
| ||
| (Commission File Number) |
| (IRS Employer Identification Number) |
|
|
|
|
| |
| (Address of Principal Executive Offices) |
| (Zip Code) |
|
1-
(Registrant’s telephone number, including area code)
_________________________________
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
|
Title of Each Class |
|
Trading Symbol(s) |
| Name of Each Exchange on Which Registered |
|
| None |
| N/A |
| N/A |
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Mark V. Riley
On June 28, 2022, Mark V. Riley was appointed as a Director of Accredited Solutions, Inc., a Nevada corporation formerly known as Good Hemp, Inc. (the “Company”). In addition, Mr. Riley was appointed as Chief Operating Officer of the Company.
Effective July 25, 2022, Mr. Riley resigned as a member of the Board of Directors and as Chief Operating Officer of the Company to pursue other interests. In his letter of resignation, Mr. Riley advised that his resignation was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.
The foregoing description of Mr. Riley’s letter of resignation is qualified in its entirety by the full text thereof, which is filed as Exhibit 17.1 to, and incorporated by reference in, this report.
Prior to his resignation, Mr. Riley and the Company had not entered into any compensation arrangement or other agreement.
Ron F. Sickels
Effective July 24, 2022, Ron F. Sickels (“Sickels”) resigned as a member of the Board of Directors and as Chief Executive Officer of the Companyto pursue other interests. In his letter of resignation, Sickels advised that his resignation was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.
The foregoing description of the Sickels letter of resignation is qualified in its entirety by the full text thereof, which is filed as Exhibit 17.2 to, and incorporated by reference in, this report.
Douglas V. Martin
On July 26, 2022, Douglas V. Martin was appointed as Interim Chief Executive Officer of the Company. Mr. Martin and the Company have not entered into any compensation arrangement or other agreement.
Mr. Martin, age 55, possesses over thirty years of business experience, primarily within the construction industry. From 1996 to 2010, Mr. Martin was an owner of Moltz Construction, Inc., a Salida, Colorado-based construction company specializing in the design and construction of municipal water and wastewater treatment facilities, where he served as project manager. Since 2010, Mr. Martin has managed his own investments, and, since September 2018, Mr. Martin has served as shipping manager and procurement manager for Pursell Manufacturing Corp., a Poncha Springs, Colorado-based distributor of consumer products, where he oversees inventory, order fulfillment and logistics operations, and for Fiber Group, LLC, a Rockford, Minnesota-based cellulose fiber processor. Mr. Martin earned a B.S. degree in Electrical Engineering from Colorado State University, Fort Collins, Colorado, and he is the brother-in-law of the Company’s Vice President and director, Eric Newlan.
Item 7.01 Regulation FD Disclosure.
On July 28, 2022, the Company issued a press release announcing the resignation of Mark V. Riley as a Director and Chief Operating Officer of the Company, the resignation of Ron F. Sickels as a Director and Chief Executive Officer of the Company and the appointment of Douglas V. Martin as Interim Chief Executive Officer of the Company.
The foregoing description of the Company’s press release is qualified in its entirety by the full text thereof, which is filed as Exhibit 99.1 to, and incorporated by reference in, this report.
| 2 |
Item 9.01. Financial Statements and Exhibits.
Exhibit No. |
| Description |
| ||
| ||
| ||
104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL Document) |
| 3 |
SIGNATURES
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, hereunder duly authorized.
| ACCREDITED SOLUTIONS, INC. | |||
| Dated: July 28, 2022 | By: | /s/ Douglas V. Martin | |
|
| Douglas V. Martin | |
| Interim Chief Executive Officer | |||
| 4 |
EXHIBIT 17.1
EXHIBIT 17.2
EXHIBIT 99.1
Accredited Solutions (formerly Good Hemp) Announces Management Changes, Reaffirms Business Focus and Strategies
SANDY, UT, July 28, 2022 - Accredited Solutions, Inc, formerly Good Hemp, Inc. (OTC: GHMP), announced the resignation of Ron F. Sickels as a Board Member and CEO of the Company, the resignation of Mark V. Riley as a Board Member and COO of the Company and the appointment of Douglas V. Martin as Interim CEO of the Company.
The Board of Directors of the Company offered the following statement:
“Accredited Solutions, Inc. is now in a position to move on opportunities and establish meaningful business relationships with the alacrity customary for a young publicly-held company. We believe that Mr. Martin possesses the ideal blend of talents to assist in delivering the forward-looking, achievement-driven company that our shareholders deserve. In addition, Mr. Martin has a deep understanding of our company’s environmentally-friendly, touchstone cleaner/degreaser products, EnviroXstreamTM, and PetroXstreamTM,. In fact, several years ago, after testing EnviroXstreamTM, he coined what is now the products’ trademark: “Harnessing the Power of WaterTM.” Mr. Martin joins us in our commitment to carrying out our company’s stated operating vision, while seeking other available channels for building value for our shareholders.”
Douglas V. Martin, age 55, possesses over thirty years of business experience, primarily within the construction industry. From 1996 to 2010, Mr. Martin was an owner of Moltz Construction, Inc., a Salida, Colorado-based construction company specializing in the design and construction of municipal water and wastewater treatment facilities, where he served as project manager. Since 2010, Mr. Martin has managed his own investments, and, since September 2018, Mr. Martin has served as shipping manager and procurement manager for Pursell Manufacturing Corp., a Poncha Springs, Colorado-based distributor of consumer products, where he oversees inventory, order fulfillment and logistics operations, and for Fiber Group, LLC, a Rockford, Minnesota-based cellulose fiber processor. Mr. Martin earned a B.S. degree in Electrical Engineering from Colorado State University, Fort Collins, Colorado.
Stay Up to Date
For news and updates, shareholders, prospective investors, and prospective business partners are encouraged to follow @Corporate_ASI on Twitter.
About Accredited Solutions, Inc.
The Company changed its name from Good Hemp, Inc. to Accredited Solutions, Inc., effective July 12, 2022.
With the recent acquisition of Petro X Solutions, Inc., the Company has shifted its business focus to fossil fuel clean-up products and services; technologies involved in packaging, distributing, and using electricity in all energy segments; micro-grid design that integrates alternative energy sources and construction; micro-grid control software development; energy storage systems; power system integration and distribution; and growing an internal sales organization to drive sales of products and services.
Additionally, the Company’s Diamond Creek brand of ionized 9.5pH high alkaline spring water continues to be produced from the highest quality, award-winning springs in Ohio, Pennsylvania and Tennessee, and is sold in over 1,000 retail locations and online. Visit www.diamondcreekwater.com for more information.
Safe Harbor Statement
This current press release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including, but not limited to, any products sold or cash flow from operations.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Accredited Solutions, Inc.
(formerly Good Hemp, Inc.)
(800) 947-9197
SOURCE: Accredited Solutions, Inc.