(Total Views: 132)
Posted On: 03/07/2019 9:27:54 AM
Post# of 23611
$MCOA new 8k filing cancelling 1B in stock options for BoDs https://www.otcmarkets.com/filing/html?id=132...HcQEE460th
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On February 27, 2019, the Registrant’s Board of Directors met and accepted the offers of Directors Donald Steinberg and Charles Larsen, to forfeit and cancel stock options previously issued to them on October 5, 2015, pursuant to the Company’s Equity Incentive Plan, enabling them to purchase 500,000,000 common shares each. This termination of a previous material grant to Mr. Steinberg and Mr. Larsen was accepted by the Board of Directors, who resolved to terminate the options with prejudice and without further terms, conditions or arrangements.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On February 27, 2019, the Registrant’s Board of Directors met and accepted the offers of Directors Donald Steinberg and Charles Larsen, to forfeit and cancel stock options previously issued to them on October 5, 2015, pursuant to the Company’s Equity Incentive Plan, enabling them to purchase 500,000,000 common shares each. This termination of a previous material grant to Mr. Steinberg and Mr. Larsen was accepted by the Board of Directors, who resolved to terminate the options with prejudice and without further terms, conditions or arrangements.
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