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): August 11, 2021
Commission file number: 1-03319
Quad M Solutions, Inc.
| Idaho | 82-0144710 | |
| (State or Other Jurisdiction of Incorporation of Organization) | (I.R.S. Employer Identification Number) | |
| 115 River Road, Suite 151, Edgewater, NJ | 07020 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s Telephone Number, including area code: (732) 423-5520
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of 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(b) under the Exchange Act (17 CFR 240.14a-12(b)) |
| [ ] | 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
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| N/A | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 8.01 Other Events.
Quad M Solutions, Inc. (the “Company”) is filing as Exhibit 99.1 to this Form 8-K a Press Release dated August 11, 2021, reporting the Company’s recent change in management. Reference is made to the Company’s Form 8-K filed with the SEC on August 5, 2021, and specifically the disclosure under Item 5.02 of the August 5 Form 8-K.
In addition, the Company disclosed in the attached press release its plan to implement several marketing partnerships to rapidly accelerate sales and earnings over the very next term with new management’s focus on providing transparency, whether positive or negative, with open and regular communications with the shareholders.
The Company reported that it currently has approximately 1700 members (which includes single employees, employee/spouse, employee/child or employee/family) that are benefitting from the Company’s partially self-insured medical benefit programs. The Company is meeting and, in some cases, exceeding industry standards for each premium revenue dollar. The Company also provides payroll services for these members with a significantly lower margin.
Item 9.01 Financial Statements and Exhibits
(b) The following documents are filed as exhibits to this current report on Form 8-K or incorporated by reference herein. Any document incorporated by reference is identified by a parenthetical reference to the SEC filing that included such document.
| Exhibit No. | Description | |
| 99.1 | Quad M Solutions Press Release dated August 11, 2021, filed herewith. |
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.
| Dated: August 11, 2021 | ||
| QUAD M SOLUTIONS, INC. | ||
| By: | /s/ Joseph Frontiere | |
| Joseph Frontiere | ||
| Interim Chief Executive Officer | ||
Exhibit 99.1
Quad M Solutions Inc,. Announces Management
and Board of Directors Changes
Joseph Frontiere and Douglas Cole added as Directors
Pat Dileo resigns from Board Of Directors and as CEO
Joseph Frontiere appointed Interim CEO
TOM'S RIVER, N.J., Aug. 11, 2021 - Quad M Solutions Inc. (OTC.PK: MMMM) has appointed Joseph Frontiere and Douglas Cole to its Board of Directors with Mr. Frontiere appointed its new Interim CEO. Pat Dileo has resigned from his positions as CEO and BOD member. The business bios of Messrs. Frontiere and Cole are disclosed in the Company’s Form 8-K filed with the SEC on August 5, 2021 [https://www.sec.gov/Archives/edgar/data/66600/000149315221018638/form8-k.htm]
Mr. Frontiere stated, “I am extremely excited to join Quad M Solutions Inc. as a member of its BOD and as its acting CEO. I believe the company’s staffing solutions, that provides full medical insurance, fills a major need in the market for PEO’s (Professional Employer Organizations). I am impressed with the Company’s infrastructure and the progress the Company has made to allow it to scale its revenues. We want to emphasize data analytics, which will greatly improve the underwriting and development of new products through technology. In addition, I plan to implement several marketing partnerships to rapidly accelerate sales and earnings over the very near term. Under my leadership, we will focus on providing transparency, whether positive or negative, with open and regular communication with the shareholders.”
The Company currently has approximately 1700 insured members (which includes single employees, employee/spouse, employee/child or employee/family) that are benefitting from the Company’s partially self-insured medical benefit programs. The Company is currently meeting and in some cases, exceeding industry standards for each premium revenue dollar. The Company is also offering payroll services for these members with a significantly lower margin.
About Quad M Solutions, Inc.
Quad M Solutions, Inc., is a public holding company that offers self-funded health plans, staffing services, HR-human resources, payroll services, retirement, supplemental and workers compensation insurance to small and mid-sized group employers with 1-500 employees, and to the exploding essential worker “Gig Economy,” a labor market that is characterized by the prevalence of short-term contracts or freelance work, not permanent jobs. Our Company’s four subsidiaries, NuAxess 2, Inc., PrimeAxess, Inc., OpenAxess, Inc. and PrimeAxess 2, LLC are important in conveying who we are and what we do.
We strive to provide those employers and individuals the right tools to be able to manage and control all the facets in their healthcare experience and their eventual health outcomes. Prevention, wellness, and cures have become part of our corporate mission to individuals who want to manage and control their short and long-term healthcare needs.
Our self-insured programs are consumer-driven and technology-leveraged and, by itself, self-insurance is affordable, transparent and responsive to the healthcare and retirement needs of employees who are looking for higher quality benefits, integrated health information and better medical provider access and outcomes.
For additional information, please visit: QuadMSolutions.com and NuAxess.com.
Forward-Looking Statements:
The statements contained herein that are not historical facts are forward-looking statements within the meaning of the federal securities laws (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). You can identify such forward-looking statements by the words “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “likely,” “possibly,” “probably,” “goal,” “opportunity,” “objective,” “target,” “assume,” “outlook,” “guidance,” “predicts,” “appears,” “indicator” and similar expressions. Forward-looking statements involve a number of risks and uncertainties. In the normal course of business, Quad M Solutions, in an effort to help keep our stockholders and the public informed about our operations, may from time to time issue such forward-looking statements, either orally or in writing. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, or projections involving anticipated revenues, earnings, profits, pricing, operating expenses or other aspects of operating results. We base the forward-looking statements on our expectations, estimates, and projections at the time such statements are made. These statements are not guarantees of future performance and involve risks and uncertainties that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. The actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements.
Corporate Contact:
Jaclyn Castro: IR@quadmsolutions.com