UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Common Stock, par value $0.001 per share | MGBH | OTC Markets |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On July 13, 2023 James Frinzi tendered his resignation in writing as Chief Executive Officer of the Company. The resignation as the Chief Executive Officer was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
On July 13, 2023, the Board of MBG Holdings, Inc., pursuant to its powers under the Company’s bylaws, appointed Joseph Baum as Chief Restructuring Officer of the Company to hold such office until his successor shall have been duly elected and qualified or until his earlier death, resignation or removal in accordance with the Bylaws.
Mr. Baum is a Partner at CFGI who specializes in restructuring. He brings more than 20 years of experience leading the restructuring of companies in the roles of Chief Restructuring Officer and financial advisor. Joseph’s work includes companies such as TOUSA, Fleming Foods, Tropicana Casino and Resort, Marcel Paper Mills, and Worldcom. Joseph’s professional affiliations include the American Institute of Certified Public Accountants, the American Bankruptcy Institute, the New Jersey Society of Certified Public Accountants, the Association of Insolvency and Restructuring Advisors, the Association of Certified Fraud Examiners, and the New York Institute of Credit.
On July 13, 2023, the Board of MBG Holdings, Inc., pursuant to its powers under the Company’s bylaws, appointed Samantha Sondrup as Deputy Secretary of the Company to hold such office until her successor shall have been duly elected and qualified or until her earlier death, resignation or removal in accordance with the Bylaws.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 19, 2023 | American Metals Recovery and Recycling, Inc. | ||
| By: | /s/ James Frinzi | ||
| Name: | James Frinzi | ||
| Title: | Chief Executive Officer | ||
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