0001654954-20-008567.txt : 20200806 0001654954-20-008567.hdr.sgml : 20200806 20200806112449 ACCESSION NUMBER: 0001654954-20-008567 CONFORMED SUBMISSION TYPE: 1-U PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200801 ITEM INFORMATION: Departure of Certain Officers ITEM INFORMATION: Other Events FILED AS OF DATE: 20200806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Red Oak Capital Fund III, LLC CENTRAL INDEX KEY: 0001780633 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 842079441 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 1-U SEC ACT: 1933 Act SEC FILE NUMBER: 24R-00243 FILM NUMBER: 201080541 BUSINESS ADDRESS: STREET 1: 625 KENMOOR AVENUE SE, SUITE 211 CITY: GRAND RAPIDS STATE: MI ZIP: 49546 BUSINESS PHONE: 616-734-6099 MAIL ADDRESS: STREET 1: 625 KENMOOR AVENUE SE, SUITE 211 CITY: GRAND RAPIDS STATE: MI ZIP: 49546 FORMER COMPANY: FORMER CONFORMED NAME: Red Oak Capital Fixed Income III, LLC DATE OF NAME CHANGE: 20190624 1-U 1 redoakiii_1u.htm 1-U redoakiii_1u
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
 
FORM 1-U
 
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
 84-2079441
 (State or other jurisdiction of incorporation or organization)
 (I.R.S. Employer Identification No.)
 
 

 
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.
 
 
Red Oak Capital Fund, III, LLC,
a Delaware limited liability company
 
 
 
 
 

By:  
/s/ Jason Anderson  
 
 
Name:  
Name: Jason Anderson  
 
 
Its:
Title: Chief Financial Officer of the Sole Member of the Manager
(Principal Financial Officer and Principal Accounting Officer)  
 
 
Date:
August 6, 2020