From 8-K Item 8.01 Other Items. At its meeting
Post# of 9
Posted On: 08/13/2016 4:19:00 PM
From 8-K Item 8.01 Other Items.
At its meeting on August 2, 2016, the Board of Directors (the “Board”) of Epic Stores Corp. (“Epic”) discussed actions that the Board can take in the best interests of Epic and its shareholders given Epic’s and its subsidiary Epic Stores, LLC’s pending liquidation. The Board resolved to that it will continue it operations to monetize the assets of the Company. It was further resolved to explore potential merger transactions between Epic and a third party. The Board has not yet identified a third party interested in such a merger transaction, but the Board is actively exploring this possibility.
At its meeting on August 2, 2016, the Board of Directors (the “Board”) of Epic Stores Corp. (“Epic”) discussed actions that the Board can take in the best interests of Epic and its shareholders given Epic’s and its subsidiary Epic Stores, LLC’s pending liquidation. The Board resolved to that it will continue it operations to monetize the assets of the Company. It was further resolved to explore potential merger transactions between Epic and a third party. The Board has not yet identified a third party interested in such a merger transaction, but the Board is actively exploring this possibility.
(0)
(0)Epic Store's Corp. (EPSC) Stock Research Links
Scroll down for more posts ▼