TMCnet News
MEDIJANE HOLDINGS INC. FILES (8-K) Disclosing Change in Directors or Principal Officers(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 - Departure of Directors and Certain Officers On September 17, 2014, Ronald Lusk resigned from his positions as an officer of the Company. Mr. Lusk will remain as a director of the Company. On September 17, 2014, the Company appointed Russell Stone, age 40 and the current Chief Operating Officer, as the Chief Executive Officer and as a director. Mr. Stone's term of office for these positions will be for one year and will be up for renewal at the annual board of directors meeting. There are no arrangements or understandings between him and any other person pursuant to which he is selected as an officer. There are no family relationships between Mr. Stone and any other director or executive officer of the Company. Mr. Stone is a minority shareholder of Phoenix Pharms Capital Corporation, a principal shareholder of the Company. There have been no other transactions between Mr. Stone and any related person affiliated with the Company. On May 12, 2014, Russell Stone was appointed as the registrant's chief operating officer. From June 2011 to August 2013, Mr. Stone was president of Finiti Branding Group, LLC ("FBG") a company that he co-founded. FBG was a privately held company established to take advantage of the rapidly growing electronic cigarette industry. In addition to being president of FBG, Mr. Stone held numerous positions at FBG, such as vice president of FBG's supply chain and vice president of business insight management. Mr. Stone held these positions until FBG was acquired by Victory Electronic Cigarettes in February 2014. Since 2002, Mr. Stone has been a managing member and principal of Stone Financial Group, LLC, Jo-Bar Enterprises, LLC, and Stone Brothers Capital LLC. Those entities are in the businesses of participating in a diversified array of investment offerings that include, but are not limited to, lending, hospitality, real estate, medical, technology, and the secondary life insurance market. Mr. Stone's responsibilities within the companies include investor and broker relations, portfolio analysis, and management |