UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
May 20, 2019
Date of Report (Date of Earliest event reported)
SHARING SERVICES GLOBAL CORPORATION
(Exact Name of Registrant as Specified in Charter)
| Nevada | 000-55997 | 30-0869786 | ||
|
(State or other Jurisdiction of incorporation) |
(Commission
File Number) |
(IRS
Employer
Identification No.) |
| 1700 Coit Road, Suite 100, Plano, Texas 75075 |
| (Address of principal executive offices) |
| Registrant’s telephone number, including area code: | 469-304-9400 |
(Former Name or Former Address, If Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (/Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).
Emerging growth company [X]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 20, 2019, Frank A. Walters informed the Company of his decision to resign from the Company’s Board of Directors (the “Board”) , effective immediately, in order to dedicate his full attention to the Company’s evolving corporate finance matters, more specifically, the Company’s recent initiative to list its stock on the NASDAQ Capital Market and ongoing efforts to further develop the Company’s internal control over financial reporting. Mr. Walters will continue in his role as Corporate Secretary and Chief Financial Officer of the Company. Mr. Walters’s letter of resignation from the Board is included herewith as Exhibit 1.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
| Exhibit Number | Description | |
| 1.1 | Letter of Resignation from the Board dated May 20, 2019 of Frank A. Walters. * |
| * | Included herewith |
| 2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 23, 2019 | SHARING SERVICES GLOBAL CORPORATON | |
| By: | /s/ John Thatch | |
| Name: | John Thatch | |
| Title: | President, Chief Executive Officer and Director | |
| 3 |
Date: May 20, 2019
Sharing Services Global Corporation
1700 Coit Road
Suite 100
Plano, Texas 75075
Attention: Board of Directors
| RE: | Resignation Letter |
Board Members:
The purpose of this letter is to notify you of my resignation from the position that I hold as a member of the Board of Directors of Sharing Services Global Corporation (the “Company”).
As we have recently discussed, given the rapid expansion of the Company, I feel that it is imperative that I invest my focused attention on the expanding nature of my Chief Financial Officer duties to the Company.
Notwithstanding this decision, I want to assure the Board of my continued commitment to the success of the Company and to offer my leadership, experience, vision and energy to the greatest extent possible in the fulfillment of that commitment.
This letter is to be deemed effective as of May 20, 2019.
Sincerely Yours,
| /s/ Frank “Al” Walters | |
| Frank “Al” Walters |
| cc: | Cathy McCain, General Counsel |