Accredited Solutions Files 8-K for Material Agreement
Ticker: ASII · Form: 8-K · Filed: Aug 29, 2024 · CIK: 1464865
| Field | Detail |
|---|---|
| Company | Accredited Solutions, INC. (ASII) |
| Form Type | 8-K |
| Filed Date | Aug 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $5,000, $30,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-k
Related Tickers: ASII
TL;DR
Accredited Solutions (ASII) signed a material definitive agreement on 8/27, filed 8-K.
AI Summary
Accredited Solutions, Inc. (formerly Good Hemp, Inc.) filed an 8-K on August 29, 2024, reporting a material definitive agreement entered into on August 27, 2024. The filing also includes financial statements and exhibits. The company is incorporated in Nevada and its fiscal year ends on December 31.
Why It Matters
This 8-K filing indicates a significant new agreement for Accredited Solutions, Inc., which could impact its business operations and financial performance.
Risk Assessment
Risk Level: medium — The filing reports a material definitive agreement, which could represent a significant change or opportunity for the company, but the details are not yet disclosed in this summary.
Key Players & Entities
- Accredited Solutions, Inc. (company) — Registrant
- Good Hemp, Inc. (company) — Former company name
- August 27, 2024 (date) — Date of earliest event reported
- August 29, 2024 (date) — Filing date
FAQ
What is the nature of the material definitive agreement entered into by Accredited Solutions, Inc. on August 27, 2024?
The filing states that an "Entry into a Material Definitive Agreement" is an item of disclosure, but the specific details of the agreement are not provided in the summary information.
When was the 8-K report filed with the SEC?
The 8-K report was filed on August 29, 2024.
What was Accredited Solutions, Inc. formerly known as?
Accredited Solutions, Inc. was formerly known as Good Hemp, Inc.
In which state is Accredited Solutions, Inc. incorporated?
Accredited Solutions, Inc. is incorporated in Nevada (NV).
What is the business address of Accredited Solutions, Inc.?
The business address is 20311 Chartwell Center Drive, Suite 1469, Cornelius, North Carolina, 28031.
Filing Stats: 655 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-08-29 06:00:25
Key Financial Figures
- $5,000 — arzam is to be paid a monthly salary of $5,000 during the six-month term of the Farzam
- $30,000 — Farzam is to be paid a signing bonus of $30,000, payable by the issuance of a promissor
Filing Documents
- asii_8k.htm (8-K) — 26KB
- asii_ex101.htm (EX-10.1) — 111KB
- asii_ex991img2.jpg (GRAPHIC) — 24KB
- 0001477932-24-005362.txt ( ) — 297KB
- asii-20240827.xsd (EX-101.SCH) — 6KB
- asii-20240827_lab.xml (EX-101.LAB) — 13KB
- asii-20240827_cal.xml (EX-101.CAL) — 1KB
- asii-20240827_pre.xml (EX-101.PRE) — 8KB
- asii-20240827_def.xml (EX-101.DEF) — 2KB
- asii_8k_htm.xml (XML) — 3KB
01 Entry into Material Agreement
Item 1.01 Entry into Material Agreement. On August 27, 2024, Accredited Solutions, Inc., a Nevada corporation (the "Company" ), entered into employment agreement (the "Farzam Agreement" ), with Ben Farzam ( "Farzam" ), pursuant to which Farzam is to serve as CEO of a to-be-formed subsidiary of the Company. In his position, Mr. Farzam will be in charge of implementing the Company's recently instituted five-year growth plan. Farzam is to be paid a monthly salary of $5,000 during the six-month term of the Farzam Agreement. In addition, Farzam is to be paid a signing bonus of $30,000, payable by the issuance of a promissory note. Certain information regarding the background of Mr. Farzam is set forth below. Ben Farzam is a seasoned telecom executive with over 20 years of leadership experience in building and scaling communication networks globally. As Founder and CEO of Callvox since 2008, he has demonstrated his ability to drive growth and innovation in the international voice carrier market. Ben's expertise spans strategic planning, operational efficiency, and disruptive technologies, with a focus on emerging markets. He has a proven track record of successful turnarounds and rapid scaling, having held key executive positions at deltathree and Mediaring. Ben's adaptability, coupled with his JD from Georgetown University and BS from UC Berkeley, equips him to quickly assess complex situations and implement effective solutions. In his new role as Interim CEO, Ben is poised to lead transformative growth leveraging technology for inclusive expansion. The foregoing description of the Farzam Agreement is qualified in its entirety by the full text of the Farzam Agreement, which is filed as Exhibit 10.1 to, and incorporated by reference in, this Current Report.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 10.1 Employment Agreement between the Company and Ben Farzam. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACCREDITED SOLUTIONS, INC. Date: August 28, 2024 By: /s/ Eduardo A. Brito Eduardo A. Brito Chief Executive Officer 3