Executives Annual Salary $1 Until Corporate Govern
Post# of 7290
Posted On: 09/19/2016 10:06:35 AM
Executives Annual Salary $1 Until Corporate Governances Completed
In plain English, both HHSE CEO and President during 2015 earned $90,000 the vast majority deferred and accrued. In 2016 HHSE Executives voluntarily reduced their Annual Salaries to $1, until HHSE Form 10 Registration Statement, Financial Audits and Updated HHSE Film Library Evaluation Report have been Completed and fully accepted by the Securities and Exchange Commission.
(OTC MARKETS “GUIDELINES FOR CURRENT REPORTING STATUS” - PART D /
MANAGEMENT STRUCTURE AND FINANCIAL INFORMATION
Item 11 (A-1 through A–6) – The name of the Chief Executive Officer, members of the board of directors, as well as control persons are:
a) Eric Filson Parkinson, Chief Executive Officer and member of the board -
business address for Mr. Parkinson is: 1428 Chester St., Springdale, AR 72764. At all times during the prior five years, Mr. Parkinson has been employed as the C.E.O. of Truman Press, Inc., d/b/a “Hannover House.” During 2015, Mr. Parkinson had been earning an accrued salary of ninety thousand dollars (USD $90,000) per year, for which the vast majority has been, and continued up to and including December 31, 2015 to be deferred and accrued. As of January 1, 2016, Parkinson has reduced his annual salary to one (1) US Dollar per year, until such time that the Company’s Registration Statement (and applicable supporting documents of the Audits and updated Film Library evaluation report) have been fully accepted by the Securities and Exchange Commission. As of December 31, 2015 and continuing to this date, Mr. Parkinson beneficially owned 43,141,649 shares of Class A common stock in the Company, and 1,800,000 shares of Series A Preferred Stock. Mr. Parkinson has voluntarily surrendered back into company treasury a total of 31,800,000 shares of stock, to be held pending satisfaction of corporate and sales achievements, and subsequently delayed for review until January, 2016, and delayed again until August, 2016. Parkinson has no other Board memberships or affiliations other than volunteer, non-profit associations.
b) Don Frederick Shefte, President and member of the board -
business address for Mr. Shefte is: 3741 N. Old Wire Road, Fayetteville, AR 72703. At all times since November, 2006, Mr. Shefte has been employed as the President of Truman Press, Inc., d/b/a “Hannover House” as well as a part-time, adjunct professor of Business at the Sam Walton School of Business at the University of Arkansas. Prior to joining Truman Press, Inc. (in November, 2006), Shefte was the Senior Vice President and Senior Trust Officer at the Bank of Fayetteville. During 2015, Mr. Shefte had been earning an accrued salary of ninety-thousand dollars (USD $90,000) per year, for which the vast majority has been, and continued up to and including December 31, 2015 to be deferred and accrued. As of January 1, 2016, Shefte agreed to reduce his annual salary to one (1) US Dollar per year, until such time that the Company’s Registration Statement (and applicable supporting documents of the Audits and updated Film Library evaluation report) have been fully accepted by the Securities and Exchange Commission. As of December 31, 2015 and continuing to this date, Mr. Shefte beneficially owns 31,487,546 shares of Class A common stock in the Company, and 1,200,000 shares of Series A Preferred Stock. Shefte has no other Board memberships of affiliations other than volunteer, nonprofit associations. Shefte has voluntarily surrendered back into company treasury total of 5million shares of stock, to be held pending satisfaction of corporate governance achievements.
Page 19
HHSE 10-Q; First Quarter, Ended March 31, 2016:
https://www.otciq.com/otciq/ajax/showFinancia...?id=155520
In plain English, both HHSE CEO and President during 2015 earned $90,000 the vast majority deferred and accrued. In 2016 HHSE Executives voluntarily reduced their Annual Salaries to $1, until HHSE Form 10 Registration Statement, Financial Audits and Updated HHSE Film Library Evaluation Report have been Completed and fully accepted by the Securities and Exchange Commission.
(OTC MARKETS “GUIDELINES FOR CURRENT REPORTING STATUS” - PART D /
MANAGEMENT STRUCTURE AND FINANCIAL INFORMATION
Item 11 (A-1 through A–6) – The name of the Chief Executive Officer, members of the board of directors, as well as control persons are:
a) Eric Filson Parkinson, Chief Executive Officer and member of the board -
business address for Mr. Parkinson is: 1428 Chester St., Springdale, AR 72764. At all times during the prior five years, Mr. Parkinson has been employed as the C.E.O. of Truman Press, Inc., d/b/a “Hannover House.” During 2015, Mr. Parkinson had been earning an accrued salary of ninety thousand dollars (USD $90,000) per year, for which the vast majority has been, and continued up to and including December 31, 2015 to be deferred and accrued. As of January 1, 2016, Parkinson has reduced his annual salary to one (1) US Dollar per year, until such time that the Company’s Registration Statement (and applicable supporting documents of the Audits and updated Film Library evaluation report) have been fully accepted by the Securities and Exchange Commission. As of December 31, 2015 and continuing to this date, Mr. Parkinson beneficially owned 43,141,649 shares of Class A common stock in the Company, and 1,800,000 shares of Series A Preferred Stock. Mr. Parkinson has voluntarily surrendered back into company treasury a total of 31,800,000 shares of stock, to be held pending satisfaction of corporate and sales achievements, and subsequently delayed for review until January, 2016, and delayed again until August, 2016. Parkinson has no other Board memberships or affiliations other than volunteer, non-profit associations.
b) Don Frederick Shefte, President and member of the board -
business address for Mr. Shefte is: 3741 N. Old Wire Road, Fayetteville, AR 72703. At all times since November, 2006, Mr. Shefte has been employed as the President of Truman Press, Inc., d/b/a “Hannover House” as well as a part-time, adjunct professor of Business at the Sam Walton School of Business at the University of Arkansas. Prior to joining Truman Press, Inc. (in November, 2006), Shefte was the Senior Vice President and Senior Trust Officer at the Bank of Fayetteville. During 2015, Mr. Shefte had been earning an accrued salary of ninety-thousand dollars (USD $90,000) per year, for which the vast majority has been, and continued up to and including December 31, 2015 to be deferred and accrued. As of January 1, 2016, Shefte agreed to reduce his annual salary to one (1) US Dollar per year, until such time that the Company’s Registration Statement (and applicable supporting documents of the Audits and updated Film Library evaluation report) have been fully accepted by the Securities and Exchange Commission. As of December 31, 2015 and continuing to this date, Mr. Shefte beneficially owns 31,487,546 shares of Class A common stock in the Company, and 1,200,000 shares of Series A Preferred Stock. Shefte has no other Board memberships of affiliations other than volunteer, nonprofit associations. Shefte has voluntarily surrendered back into company treasury total of 5million shares of stock, to be held pending satisfaction of corporate governance achievements.
Page 19
HHSE 10-Q; First Quarter, Ended March 31, 2016:
https://www.otciq.com/otciq/ajax/showFinancia...?id=155520
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