$HHSE NEWS: MINUTES OF THE BOARD OF DIRECTORS MEE
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Posted On: 06/12/2024 9:37:41 AM
$HHSE NEWS: MINUTES OF THE BOARD OF DIRECTORS MEETING – June 11, 2024
https://www.otcmarkets.com/otcapi/company/fin...67/content
HANNOVER HOUSE, INC.
1722 N. College Ave. C303, Fayetteville, AR 72703
MINUTES OF THE BOARD OF DIRECTORS MEETING – June 11, 2024
A special meeting of the Board of Directors of Hannover House, Inc. was held on
Tuesday, June 11, 2024 telephonically at 1:30-pm CST. The purpose of this meeting was
to approve certain distribution and financing commitments on behalf of new, feature
film productions being developed by Company and others, as were initiated at the
Cannes, 2024 Film Festival and Marche du Filme. The following items describe the
issues addressed, and where indicated, the actions taken by the Board.
1). TWO MAJOR PRODUCTIONS WITH FORMA FILMZ / HUNGARIAN PARTNERS –
Regarding the film incentives, equity funding and studio co-production opportunities in
Hungary, the Board reviewed the terms of the ventures covering two major feature
productions, each with top commercial stars. Subject to Company’s final approval of the
casting, key personnel, production plans and budgets, the Board approved the issuance
of “soft” distribution guarantees from the Company (e.g., non-recourse commitments”
covering distribution of the films in North America, and / or the sublicensing of said
films to a major studio partner.)
2). ONE MAJOR PRODUCTION WITH TEMPUS PRODUCTIONS – Regarding the epic
action-adventure feature, “TEMPUS PORTA” – featuring three major stars – the Board
reviewed the terms of the production financing arrangements and the benefits to
Hannover House. ventures covering this Malta-based feature production. Subject to
Company’s final approval of the principal casting, key personnel, production plan and
budget, the Board approved the issuance of a “soft” distribution guarantee from the
Company (e.g., a non-recourse commitment” covering distribution of the film in North
America, and / or the sublicensing of said films to a major studio partner).
3). “INDIGENOUS” AND “FADE-‘EM’UP” PRODUCTIONS – Regarding these two USA
based, lower budgeted feature productions, the Board reviewed the production plans
and required financing shortfalls required. The Board agreed to include both
productions into the “use of proceeds” submission for a newly structured, five-million
dollar (USD $5,000,000) off-balance-sheet production equity funding arrangement with
a New York-based private equity fund. As the detailed terms of this new funding venture
are still under negotiation, the Board authorized communications with the production
entities of these two films, with the expression of the Company’s “interest” and “effort” - subject to the closing of the production equity funding venture.
There being no further issues addressed at this meeting, the Board adjourned at 2:25
pm.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report on the Minutes of the Board of Directors Meeting of Hannover
House, Inc. to be signed on its behalf by the undersigned hereunto duly authorized.
HANNOVER HOUSE, INC.
(Registrant)
Date: June 12, 2024
/s/ Eric F. Parkinson
By: ERIC F. PARKINSON
Chairman, C.E.O., President & Secretary
https://www.otcmarkets.com/otcapi/company/fin...67/content
HANNOVER HOUSE, INC.
1722 N. College Ave. C303, Fayetteville, AR 72703
MINUTES OF THE BOARD OF DIRECTORS MEETING – June 11, 2024
A special meeting of the Board of Directors of Hannover House, Inc. was held on
Tuesday, June 11, 2024 telephonically at 1:30-pm CST. The purpose of this meeting was
to approve certain distribution and financing commitments on behalf of new, feature
film productions being developed by Company and others, as were initiated at the
Cannes, 2024 Film Festival and Marche du Filme. The following items describe the
issues addressed, and where indicated, the actions taken by the Board.
1). TWO MAJOR PRODUCTIONS WITH FORMA FILMZ / HUNGARIAN PARTNERS –
Regarding the film incentives, equity funding and studio co-production opportunities in
Hungary, the Board reviewed the terms of the ventures covering two major feature
productions, each with top commercial stars. Subject to Company’s final approval of the
casting, key personnel, production plans and budgets, the Board approved the issuance
of “soft” distribution guarantees from the Company (e.g., non-recourse commitments”
covering distribution of the films in North America, and / or the sublicensing of said
films to a major studio partner.)
2). ONE MAJOR PRODUCTION WITH TEMPUS PRODUCTIONS – Regarding the epic
action-adventure feature, “TEMPUS PORTA” – featuring three major stars – the Board
reviewed the terms of the production financing arrangements and the benefits to
Hannover House. ventures covering this Malta-based feature production. Subject to
Company’s final approval of the principal casting, key personnel, production plan and
budget, the Board approved the issuance of a “soft” distribution guarantee from the
Company (e.g., a non-recourse commitment” covering distribution of the film in North
America, and / or the sublicensing of said films to a major studio partner).
3). “INDIGENOUS” AND “FADE-‘EM’UP” PRODUCTIONS – Regarding these two USA
based, lower budgeted feature productions, the Board reviewed the production plans
and required financing shortfalls required. The Board agreed to include both
productions into the “use of proceeds” submission for a newly structured, five-million
dollar (USD $5,000,000) off-balance-sheet production equity funding arrangement with
a New York-based private equity fund. As the detailed terms of this new funding venture
are still under negotiation, the Board authorized communications with the production
entities of these two films, with the expression of the Company’s “interest” and “effort” - subject to the closing of the production equity funding venture.
There being no further issues addressed at this meeting, the Board adjourned at 2:25
pm.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report on the Minutes of the Board of Directors Meeting of Hannover
House, Inc. to be signed on its behalf by the undersigned hereunto duly authorized.
HANNOVER HOUSE, INC.
(Registrant)
Date: June 12, 2024
/s/ Eric F. Parkinson
By: ERIC F. PARKINSON
Chairman, C.E.O., President & Secretary
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