BERKSHIRE HOMES, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers
(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
On March 25, 2014, the board of directors appointed Munjit Johal to act as our
Treasurer and Chief Financial Officer. His appointment will commence April 1,
Following this appointment, the board accepted the resignation of Llorn Kylo as
our former Treasurer and Chief Financial Officer. Mr. Kylo continues to serve on
our board of directors and as our President, CEO and Secretary.
Munjit Johal, age 58, is a director and Chief Financial Officer of SearchCore,
Inc. (formerly General Cannabis, Inc.) since October 20, 2006. Additionally, Mr.
Johal serves as the Controller of High Tower Capital, Inc., where he has served
since January 2007. Prior to that, Mr. Johal has served as a financial officer
of various companies including Pacific Heritage Bank as Executive Vice
President. From 1981 to 1987 Mr. Johal was a Senior Analytical Manager for
Officer of Thrift Supervision, Department of the Treasury (formerly Federal Home
Loan Bank Board, the 11th District). Mr. Johal oversaw a staff responsible for,
among other things, monitoring banking activities and enforcement actions for
lending institutions and holding companies. Mr. Johal's skill set at
researching, reviewing, analyzing, managing and overseeing entities from a
financial prospective provides valuable direction and guidance as it relates to
our reporting procedures. Mr. Johal's regulatory experience and other prior
experience with public companies and banks as a compliance officer, in
additional to being a CFO, is beneficial to the company with respect to internal
controls, disclosures and complying with necessary regulatory requirements.
In total, Mr. Johal has over 30 years of broad experience in banking,
accounting, finance and management in the private and public sector. Mr. Johal
earned his MBA from the University of San Francisco in 1980. He received his BS
degree in History from the University of California, Los Angeles, in 1978.
There are no family relationships between Mr. Johal and any of our directors or
Mr. Johal has not had any material direct or indirect interest in any of our
transactions or proposed transactions over the last two years. At this time, we
do not have any employment agreement with Mr. Johal.
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