redoakiii_1u
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Current Report Pursuant to Regulation A
Date
of Report: August 1, 2020
(Date
of earliest event reported)
RED
OAK CAPITAL FUND III, LLC
(Exact
name of issuer as specified in its charter)
Delaware
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84-2079441
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(State or other
jurisdiction of incorporation or organization)
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(I.R.S. Employer
Identification No.)
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625
Kenmoor Avenue SE, Suite 211
Grand
Rapids, Michigan 49546
(Full
mailing address of principal executive offices)
(616)
734-6099
(Issuer’s
telephone number, including area code)
Title of each class of securities issued
pursuant to Regulation A: Senior Secured Bonds
ITEM 7. DEPARTURE OF CERTAIN OFFICERS
The
information about Mr. Chip Cummings’ resignation set forth
under Item 9 of this Current Report on Form 1-U is hereby
incorporated by reference into this Item 7.
ITEM 9. OTHER EVENTS
On
August 4, 2020, Red Oak Capital Group, LLC (the
“Sponsor”), the managing member of the sole member and
manager of Red Oak Capital Fund III, LLC, announced that, effective
August 1, 2020, upon receipt of Mr. Chip Cummings’
resignation as Chief Executive Officer of the Sponsor, the Board of
Managers (the “Board”) of the Sponsor designated Mr.
Gary Bechtel as Chief Executive Officer of the Sponsor and Mr.
Cummings as the President of the Sponsor.
In
addition, the members of the Sponsor, effective August 1, 2020,
increased the size of the Board from three to five managers and
appointed Mr. Bechtel and Mr. Jason Anderson to the Board. The
Board is now comprised of the following individuals: Gary Bechtel,
Chip Cummings, Joseph Elias, Kevin Kennedy and Jason Anderson. Mr.
Anderson will also continue his role as Chief Financial Officer of
the Sponsor.
SIGNATURES
Pursuant to the
requirements of Regulation A, the issuer has duly caused this
report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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Red
Oak Capital Fund, III, LLC,
a
Delaware limited liability company
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By:
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/s/ Jason
Anderson
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Name:
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Name: Jason
Anderson
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Its:
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Title:
Chief
Financial Officer of the Sole Member of the
Manager
(Principal
Financial Officer and Principal Accounting Officer)
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Date:
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August
6, 2020
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