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Directors, Executive Officers, Promoters, and Control Persons
The SEC requires information about a company’s executive officers. Provide a chart listing all the names, ages, and positions of executive officers. Executive officers include the president, the vice president, officers in policy making functions, and any officer in charge of a division (finance, administration, or sales). Also, a company must include all the executive officers of any subsidiaries if they participate in policy making decisions. If an employee has the ability to bind the company to a contract, that individual would be considered an executive officer. Following the chart of executive officers, provide a fact specific resume for each executive officer. The SEC specifies the following rules for resumes: • Include month and year in all dates • Begin with earliest date then proceed to latest • Provide information at least back as far as 5 years • Do not leave time gaps • Do not exaggerate work experience. Only include name of company worked for and position held • Include professional licenses and information about college and post graduate degrees If a company officer is working for another company or any other business venture while employed with the company filing for registration, disclose it to the SEC. Describe what the officer does for the other company and the amount of time spent monthly performing these duties. Following information about executive officers, describe to the SEC whether any of the listed officers have ever been employed for a company that has dealt with the following issues: • Insolvency • Criminal proceedings • Civil proceedings • Administrative proceedings • Government regulatory agency proceedings For specific information regarding officer involvement with any of the above mentioned issues, click on the appropriate link. |
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