Item 5.02. Appointment and Resignation of Principal Officers and Directors. Compensatory Arrangements of Certain Officers.
On September 26, 2008, the Board of Directors of Jayhawk Energy, Inc., a Colorado corporation ("Registrant") accepted the resignation of Joseph B. Young as Chief Financial Officer. Mr. Young’s resignation is not the result of any disagreement with the policies, practices or procedures of the Registrant. Mr. Young’s resignation is attached hereto as Exhibit 17.1.
On September 29, 2008, the Registrant’s Board of Directors appointed Thomas G. Ryman, IV as Chief Financial Officer. Mr. Ryman is an executive financial management specialist, with experience as a corporate controller and Chief Financial Officer, with a background in financial planning and analysis, budgeting and forecasting and regulatory compliance. In 1988, he founded a consulting firm based to provide financial consulting services in financial reporting to a variety of public and private corporate entities. Mr. Ryman earned his bachelor’s degree in accounting and economics from the University of Baltimore, Maryland, and his master’s degree in U.S. and international taxation from the Washington School of Law, in Sandy, Utah. Mr. Ryman is a Certified Public Accountant licensed in Florida. He is also a certified internal auditor and is affiliated with the American Institute of CPAs. Mr. Ryman is not an officer or director of any other reporting company. Mr. Ryman is expected to receive salary compensation of $120,000 per year from the Registrant for his service as Chief Financial Officer. Mr. Ryman does not own any shares of the Registrant’s common stock.
Item 7.01. Regulation FD Disclosure.
On September 30, 2008, Jayhawk Energy, Inc., a Colorado corporation, issued a press release announcing the appointment of Thomas G. Ryman, IV as Chief Financial Officer. This press release is furnished as Exhibit 99.1 to this Form 8-K and incorporated by reference as if set forth in full. This information is not filed but is furnished to the Securities and Exchange Commission pursuant to Item 7.01 of Form 8-K.
Item 9.01 Exhibits.
The following exhibits are filed with this report on Form 8-K.
Exhibit Number | | Exhibit |
17.1 | | Resignation of Joseph Young |
99.1 | | Press Release dated September 30, 2008 |