A Form 8K has been filed with the Securities and Exchange Commission regarding the resignation of Stephen R. Mooney from the Board of Hammer Fiber Optic Holdings Corporation.
Summary of the Filing
Item 5.02 Departure of Directors or Principal Officers
Effective May 4, 2017, Stephen R. Mooney resigned from his position as Director of Hammer Fiber Optics Holdings Corp. (the Company) and from his post as a member of the Company’s Audit Committee effective immediately. Mr. Mooney’s resignation is not due to any disagreements with the Company regarding any of the Company’s operations, policies or practices. A copy of Mr. Mooney’s resignation letter is attached as Exhibit 99.1 to this Current Report on Form 8-K. Mr. Mooney is still actively assisting the company on an advisory basis.
Effective May 5, 2017 Michael Sevell and Donald MacNeil, independent members of the Company's Board of Directors, will be appointed to the Audit Committee of the Board of Directors. Dennis Doll will remain the Chairman of the Audit Committee.
Effective upon Mr. Mooney’s resignation as a director, the size of the Company's Board of Directors will be reduced from six to five directors.