HDC 8-K filing 3/6/2020 Item 8.01 Other Events.
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Posted On: 03/07/2020 12:27:52 AM
HDC 8-K filing 3/6/2020
Item 8.01 Other Events.
As previously disclosed, on February 7, 2020 two shareholders of Health Discovery Corporation (the “Company” or “HDC”), William F. Quirk, Jr. (“Quirk”) and Cindy Bear (“Bear”), filed a motion for a temporary restraining order and preliminary injunction in DeKalb County Superior Court. Among the items in the motion, Quirk and Bear requested to have a special meeting of the shareholders and Quick and Bear allege misconduct by the Company and its directors.
On March 2, 2020, having received no relief, Quirk and Bear dismissed their action in DeKalb County and filed a new lawsuit in Fulton County Superior Court based on substantially similar allegations and seeking similar relief. On March 4, 2020, the Fulton County court ordered a hearing on the emergency motion for a temporary restraining order against the Company for the following day.
At the hearing on March 5, 2020, Quirk and Bear presented their version of the facts through affidavits submitted by both Quirk and Bear, arguing that the affidavits supported the emergency relief they sought. The judge denied the motion and did not enter a temporary restraining order. The court set an evidentiary hearing on Quirk and Bear’s motion for a preliminary injunction for March 27, 2020.
As previously disclosed, the Company has been working to bring its regulatory and financial filings current by filing its annual report on Form 10-K. The Company continues to work toward completing this filing by March 31, 2020. In addition, the Company previously stated that it intends to schedule a shareholder meeting soon after filing the 10-K, but no later than June 30, 2020. The Company is targeting a potential shareholder meeting on May 27, 2020 . However, these dates may need to be adjusted solely because of the significant time and resources that the Company is being forced to spend refuting the baseless claims brought by Quirk and Bear.
The Company firmly denies Quirk and Bear’s claims and will continue to defend itself. This litigation will continue to unnecessarily deplete the Company’s resources to the detriment of all shareholders.
https://www.sec.gov/Archives/edgar/data/11417...3d1_8k.htm
Item 8.01 Other Events.
As previously disclosed, on February 7, 2020 two shareholders of Health Discovery Corporation (the “Company” or “HDC”), William F. Quirk, Jr. (“Quirk”) and Cindy Bear (“Bear”), filed a motion for a temporary restraining order and preliminary injunction in DeKalb County Superior Court. Among the items in the motion, Quirk and Bear requested to have a special meeting of the shareholders and Quick and Bear allege misconduct by the Company and its directors.
On March 2, 2020, having received no relief, Quirk and Bear dismissed their action in DeKalb County and filed a new lawsuit in Fulton County Superior Court based on substantially similar allegations and seeking similar relief. On March 4, 2020, the Fulton County court ordered a hearing on the emergency motion for a temporary restraining order against the Company for the following day.
At the hearing on March 5, 2020, Quirk and Bear presented their version of the facts through affidavits submitted by both Quirk and Bear, arguing that the affidavits supported the emergency relief they sought. The judge denied the motion and did not enter a temporary restraining order. The court set an evidentiary hearing on Quirk and Bear’s motion for a preliminary injunction for March 27, 2020.
As previously disclosed, the Company has been working to bring its regulatory and financial filings current by filing its annual report on Form 10-K. The Company continues to work toward completing this filing by March 31, 2020. In addition, the Company previously stated that it intends to schedule a shareholder meeting soon after filing the 10-K, but no later than June 30, 2020. The Company is targeting a potential shareholder meeting on May 27, 2020 . However, these dates may need to be adjusted solely because of the significant time and resources that the Company is being forced to spend refuting the baseless claims brought by Quirk and Bear.
The Company firmly denies Quirk and Bear’s claims and will continue to defend itself. This litigation will continue to unnecessarily deplete the Company’s resources to the detriment of all shareholders.
https://www.sec.gov/Archives/edgar/data/11417...3d1_8k.htm
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