UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 14, 2021
FACT, INC.
(Exact Name of Registrant as Specified in Charter)
| Nevada | 333-223568 | 98-1350973 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
2 Toronto street, suite 231 Toronto, Ontario |
M5C 2B5 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (437) 703-2482
Tiburon International Trading, Corp.
Xinkaicun, group 5, Weizigouzhen, Jiutai
Changchun, Jilin province, China 130519
(Former name, former address and former fiscal year, if changed since last report)
Copies to:
Arthur S. Marcus, Esq
Sichenzia Ross Ference LLP
1185 Avenue of the Americas
37th Floor
New York, New York
10036 (212) 930-9700
(212) 930-9725 (fax)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d 2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [X]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 5.02 Departure of Directors or Certain Officers; Election of directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 14, 2021, Julie-Myers Wood was appointed as a Director of Fact, Inc. (the “Company”).
Ms. Wood is 51 years old. Ms. Wood has been the president of Guidepost Solutions, LLC (“Guidepost”) since 2014. Guidepost is a global team of investigators, experienced security and technology consultants, and compliance and monitoring experts. Ms. Wood co-founded Immigration and Custom Solutions, LLC in 2008 and served as the president until 2012. Prior to that, Ms. Wood worked for the U.S. Department of Homeland Security as an Assistant Secretary of Homeland Security from 2006 to 2008. Ms. Wood worked in the White House as a special assistant to the President of the United States from 2004 to 2005. From 2003 to 2004, Ms. Wood worked for the U.S. Department of Commerce as an Assistant Secretary for the Bureau of Industry and Security. Ms. Wood has a J.D. from Cornell Law School and a B.A. from Baylor University.
In connection with her appointment to the Board of Directors, Ms. Wood shall receive 250,000 stock options to purchase the Company’s common stock, par value $0.001 at a price of $2.00 per share. Additionally, Ms. Wood will receive renumeration of $20,000 per annum, paid quarterly.
Item 7.01 Regulation FD Disclosure
On January 14, 2021, the Company issued a press release announcing the addition of Julie-Myers Wood to the Board of Directors. A copy of the press release is attached hereto and incorporated by reference in its entirety as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit Number | Description | |
| 99.1 | Press Release, dated January 14, 2021 |
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 hereunto duly authorized.
| FACT, INC. | ||
| Date: March 19, 2021 | By: | /s/ Patricia Trompeter |
| Patricia Trompeter | ||
| Chief Financial Officer | ||
Exhibit 99.1
Former Assistant Secretary of Homeland Security Julie Myers Wood Joins FACT Board of Directors
Toronto, Ontario—(Newsfile Corp. - January 14, 2021) - FACT, Inc. (OTC Pink: FCTI) (the “Company” or “FACT”), a global leader of fine art and collectible authentication technology, today announced that former U.S. Assistant Secretary of Homeland Security Julie Myers Wood has joined its Board of Directors.
Ms. Wood is an esteemed regulatory compliance and security expert with over 25 years of achievements in the public, private and political sectors. After graduating from Cornell Law School, Ms. Wood began her career as a lawyer at leading firm Mayer, Brown & Platt in Chicago. Her career has been focused on regulatory and enforcement issues through her various roles including defense counsel, government investigator, federal prosecutor, and compliance consultant.
Ms. Wood held several significant positions in the federal government, including serving as Assistant Secretary of Homeland Security for Immigration and Customs Enforcement. Previously, Ms. Wood served as Assistant Secretary for Export Enforcement at the Department of Commerce, the Chief of Staff to the Criminal Division at the U.S. Department of Justice and was a Special Assistant to the President.
FACT’s Board of Directors welcomes Ms. Wood’s expertise as they work to eliminate the $6 billion of stolen art each year worldwide. Ms. Wood stated, “FACT’s ground-breaking technology presents a unique and innovative solution to authenticating art in a way that has never been done before. I look forward to assisting FACT with expanding its reach and safeguarding cherished assets worldwide.”
Currently, Ms. Wood is the Chief Executive Officer of Guidepost Solutions LLC, a global investigation, compliance solutions, and security and technology consulting firm with offices around the globe. She regularly serves as an independent monitor appointed by the U.S. government and is engaged by companies operating in a variety of market sectors - from financial services and energy to manufacturing, education and beyond.
“Julie’s extensive experience and business acumen in the field of security and compliance is an invaluable asset to our Board,” said Patricia Trompeter, FACT Chief Operating Officer and Board Member. “The global art market circulates $64 billion of art annually and is continually subjected to fraudulent activity. Ms. Wood’s security, legal and compliance expertise will strengthen our progress in providing effective technology solutions to the art and collectables industry. We are elated to welcome Julie to our Board.”
ABOUT FACT INC.
FACT, Inc, or Forensic Asset Certification Technology (OTC: FCTI) operates globally offering products and services to revolutionize security for the fine art and collectibles market. FACT utilizes the ballistics technology currently employed by global law enforcement agencies globally to authenticate and analyze fine art and collectibles. FACT, Inc offers a suite of products that includes authentication, condition reporting, GPS tracking, provenance data, as well as collection management – all stored securely on blockchain accessible in real time to the consumer.
Media
Contact
Name: Patricia Trompeter
email: patricia@factsecured.com
Company Contact
Phone:
203-524-6524
Email: patricia@factsecured.com