ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENT OF CERTAIN OFFICERS.
On December 4, 2012, Board of Directors (the “Board”) of Firemans Contactors, Inc. (the “Company”), accepted resignation of Ms. Kristy D. O’Neal from the Board and her position of the Secretary of the Company. There are no disagreements or disputes between the Company and Ms. O’Neal, who cited the inability to continue spending the necessary time on the responsibilities of an officer and director of the Company, due to her family and business needs. The Board thanks Ms. O’Neal for her time and contribution over the three years of service.
As of the date of resignation, balance of the shareholder note owed to Ms. O’Neal was $105,897, consisting primarily of accrued compensation. She will retain the note, which will continue accruing interest at annual rate of 5%.
On December 4, 2012, the Board accepted resignation of Mr. Scott O’Neal, who served as a director of the Company since August 2009. There are no disagreements or disputes between the Company and Mr. O’Neal, who left for personal reasons. The Board thanks Mr. O’Neal for his time and contribution over the three years of service.
As of the date of resignation, balance of the shareholder note owed to Mr. O’Neal was $210,200, consisting primarily of accrued compensation. He will retain the note, which will continue accruing interest at annual rate of 5%.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
a) Financials
None
b) Exhibits