SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
February 4, 2019
Date of Report (Date of Earliest event reported)
SHARING SERVICES GLOBAL CORPORATION
(Exact Name of Registrant as Specified in Charter)
(State or other Jurisdiction
|1700 Coit Road, Suite 100, Plano, Texas 75075|
|(Address of principal executive offices)|
|Registrant’s telephone number, including area code:||469-304-9400|
SHARING SERVICES, INC.
(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 February 4, 2019, Robert Oblon informed the Company of his decision to resign from the Company’s Board of Directors, effective immediately. Upon his departure from the Board, Mr. Oblon will continue to serve as CEO of Elepreneur, LLC, a wholly-owned subsidiary of the Company. Mr. Oblon’s letter of resignation is included herewith as Exhibit 1.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
|1.1||Letter of Resignation of Robert Oblon dated February 4, 2019. *|
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: February 7, 2019||SHARING SERVICES, INC.|
|By:||/s/ John Thatch|
|Title:||President, Chief Executive Officer and Director|
Date: Feb 4, 2019
Sharing Services Global Corporation
1700 Coit Road
Plano, Texas 75075
Attention: Board of Directors
RE: Resignation Letter
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 a result of this resignation, I am also relinquishing my position as Chairman of the Board of 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 operations of Elepreneurs, LLC and its near 28,000 independent contractors who are selling the Company’s products on a daily basis. To confirm, I will remain in my current role as CEO of Elepreneurs, LLC.
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 immediately upon delivery to a representative of the Board.
|/s/ Robert Oblon|
cc: Cathy McCain, General Counsel