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ENDURANCE EXPLORATION GROUP, INC. FILES (8-K/A) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 8, 2014, Endurance Exploration Group, Inc. ("Endurance" or the "Company") appointed, member of the board of directors, Guy M. Zajonc, age 62, to the role of Vice President of Business Development, effective immediately. Mr. Zajonc has served on the Board of Directors of Endurance, and its predecessor Tecton Corporation, since January 6, 2014 and will continue as a member of the board. There is no family relationship between Mr. Zajonc and any director, executive officer, or person nominated or chosen by Endurance to become a director or executive officer of Endurance. Mr. Zajonc has no understandings or arrangements with any persons pursuant to which he was appointed as Endurance's Vice President of Business Development. Mr. Zajonc and Endurance have not entered into any transaction that would require disclosure pursuant to Item 404(a) of Regulation S-K under the Exchange Act. Mr. Zajonc has acted as a consultant to Endurance since its original incorporation in January of 2006. From January 2006 until January 1, 2014, Mr. Zajonc consulted for the Endurance without compensation. On December 31, 2013, Mr. Zajonc was granted and now holds 500,000 stock options in Endurance with an exercise price of $.25 each. Commencing January of 2014, Endurance agreed to pay Mr. Zajonc a monthly consulting fee of $5,000 per month and, as mentioned above, Mr. Zajonc continues to serve on Endurance's board of directors since his appointment on January 6, 2014. The appointment of Mr. Zajonc as Vice President of Business Development added no additional forms of compensation. Endurance has issued a press release announcing the appointment of Mr. Zajonc as Vice President of Business Development a copy of which is attached hereto as Exhibit 99.1 and is incorporated by this reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits: 99.1 Press Release issued on September 9, 2014 3 |