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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Resignation of Principal Officer and Board Member
On September 18, 2008, Edwin Kroeker advised the Registrant of his resignation from the position of Chief Executive Officer of the Registrant and from Registrant’s Board of Directors effective September 30, 2008. Mr. Kroeker’s decision to resign did not arise or result from any disagreement with the Registrant on any matters relating to the Registrant’s operations, policies or practices. Mr. Kroeker has been the Chief Executive Officer and a director of the Registrant since March 7, 2007.
Appointment of Principal Officer and Board Member
On October 1, 2008, Mr. Javan Khazali was appointed as the Chief Executive Officer and Director of the Registrant.
Mr. Javan Khazali has more than 18 years of experience at the senior executive level in both private and public sectors with main focus on services, telecommunications, and financial media industry segments. He has broad based experience in the areas of corporate restructuring & reorganization, business development, operations, and management consulting. Prior to joining the Registrant and since January 2006, Mr. Khazali served as the Chief Operating Officer of Financial Media Group, Inc and a member of the Board of Directors. Mr. Khazali had served as the Chief Executive Officer and a director of the Financial Media Group since November 2004 at which time he was responsible for corporate governance, compliance, business development and operations. Prior to joining Financial Media Group, Mr. Khazali worked for Cypost Corporation (“Cypost”), initially as Vice-President (Administration) in 2001 and later served as Chief Executive Officer of Cypost from 2002 to 2003. In 2003, the directors of Cypost filed a Chapter 7 Bankruptcy. During the bankruptcy proceedings, Mr. Khazali assisted Cypost in financial distress negotiations, bankruptcy litigations and helped resolve disputes between Cypost and debt holders, lenders, bank groups, and equity holders. From 1985 to 2000, Mr. Khazali held numerous senior level positions in the food service sector including as a managing partner of two successful restaurants located in Western Canada. He also served as the director of operations of privately held restaurant chain located in various cities of United States and Western Canada having over 300 employees.
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 thereunto duly authorized.
Dated: October 1, 2008 Global 8 Environmental Technologies, Inc.
By: /s/ Chad Burback
Chad Burback
Chief Financial Officer