Identity of the person who acquired control; date and description of transaction; and basis of control
On October 20, 2015, J. Edward Daniels acquired from Lawrence Chenard 84,100,000 shares of our $.001 par value common stock. The consideration provided by Mr. Daniels to Mr. Chenard is $250,000 cash. The acquisition by Mr. Daniels of those shares resulted in a change in control.
Percentage of Voting Securities of the Company
On October 20, 2015, the Companys total issued and outstanding shares of common stock was 114,970,796. Accordingly, Mr. Daniels, as the sole holder of 84,100,000 shares of the Companys $.001 par value common stock, holds voting power equal to approximately 74% of the Companys voting securities.
Con sideration and source of funds used by Mr. Daniels
The consideration for those 84,100,000 shares of the Companys $.001 par value common stock was $250,000 cash. Mr. Daniels used his personal funds to pay that consideration.
Arrangements or understandings among members of both former and new control groups and their associates with respect to the election of directors or other matters.
There is no arrangement or understanding among members of both former and new control persons and their associates with respect to election of directors or any other matter.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
Election of Directors; Appointment of Certain Officers
On October 20, 2015, our Board of Directors appointed J. Edward Daniels as a member of our Board of Directors and our president.
Mr. Daniels is 65 years old. Mr. Daniels obtained a Bachelor of Arts degree in Business Administration from Oakland University in Michigan in 1975. For the last 5 years, Mr. Daniels has been a real estate investor and developer. He is employed by Cal West Partners, which he owns.
Mr. Daniels has never been a director of a public company. Moreover, Mr. Daniels has never been involved in any legal or regulatory proceedings during the last 10 years.
As Mr. Daniels possesses excellent experience in business matters, including related financial knowledge, our Board of Directors has determined it is in our best interest to appoint Mr. Daniels as a member of our Board of Directors and our President.
Departure of Directors; or Certain Officers
On October 20, 2015, Lawrence Chenard resigned as our President and member of our Board of Directors.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 21, 2015
AMPLE-TEE, INC., a Nevada corporation
J. Edward Daniels
J. Edward Daniels, Director
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