Management Disclosure Statement
Hannover House, Inc.
A Wyoming
Corporation
5830
E. Second Street, Casper, WY 82609
(Principal
Office)
355 N.
College St., Fayetteville, AR 72703
(Management
Office)
________________________________
479-935-3593
www.HannoverHouse.com
Eric@HannoverHouse.com
SIC
Codes: 7822 / 2731
Date of Filing:
November 5, 2019
Actions
Approved by the Board Of Directors
A regular meeting of
the Hannover House, Inc. Board of Directors was held on Thursday, Oct. 31, 2019
at 3:00-pm at the Company’s Management Office located in Fayetteville, AR. The following actions were reviewed,
discussed, and as noted, adopted by the Board of Directors:
1). RESPONSIVE FILING TO JSJ (TEXAS) – The Board approved
the authorization of filing this week the evidence and declarations proving
full satisfaction of the JSJ claims in the Dallas, TX courts by attorney James
Carroll. The previously prepared filings were withheld from submission to the
court in order to allow JSJ the opportunity to voluntarily file the motion for
Satisfaction of Judgment.
2). APPROVAL OF SETTLEMENT TERMS – “Getting Grace, LLC”
Matter – The Board approved of terms to present to the court in Pennsylvania
regarding the settlement and final resolution of the dispute regarding distribution
rights and payments for the film, “Getting Grace.” Brian Keil of the Laputka Law Firm has been
provided with the Board approved terms and will endeavor to have this matter
fully resolved by Nov. 7.
3). NOTICE OF ARKANSAS HEARING – The Board approved
the formal filing of a notice to dispute the October 8, 2019 “order” from the
Arkansas Department of Securities based on discussions with, and information
received directly from the same department which invalidates the order and
applicability.
4). APPROVAL OF BOOKKEEPER AND CFO POSITIONS – The Board approved
the hiring of a full-charge bookkeeper at a salary range of between $36,000 and
$60,000 based on experience and skills; the Board also approved the hiring of a
Chief Financial Officer for the company at a salary of between $70,000 and
$120,000 based on experience and skills.
5). THEATRICAL COMMITMENT FOR “THE FINAL MINUTE” – The Board approved
the issuance of a theatrical releasing commitment for the Action / Sci-Fi
Feature, “THE FINAL MINUTE,” scheduled for production in April
and May of 2020. Based upon the high-profile cast and budget, (both of which
are subject to Company’s reasonable approval), Company will commit to the
North American distribution terms as set forth, including the production
company’s requirement of a theatrical launch of the film onto at least
five-hundred (500) screens, which release is planned for mid-October 2020.
Each of the above items was approved by unanimous consent by the Board.
There being no other issues requiring action by the Board of Directors, the
meeting was adjourned at 3:35-pm.
Issuer Certification
Principal Executive
Officer:
I,
Eric Parkinson, certify that:
1. I have reviewed this
report of Actions by the Board of Directors from the meeting held on Oct. 31,
2019;
2. Based on my
knowledge, this disclosure statement does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this filing; and
3. Based on my
knowledge, the financial statements, and other financial information included
or incorporated by reference in this filing fairly present in all material
respects the financial condition, results of operations and cash flows of the
issuer as of, and for, the periods presented in this filing.
November 5, 2019
/s/ ERIC PARKINSON, Chairman, CEO and Corporate
Secretary
Additional Comments for HHSE Shareholders: "THE FINAL MINUTE" is an independently funded feature film which includes a substantial allocation for the costs of "Theatrical Prints, Ads & Releasing Costs." Hannover House, Inc. has entered into an agreement to perform the Theatrical Distribution Services for the film on an "agency" basis in which HHSE shall be prepaid all costs (including "booking, marketing, administrative and settlement fees"), plus an override fee for the placement of the film's North American home video, streaming and television distribution rights with a major studio partner. This form of deal structure is significantly different than the manner under which the company structured previous production or theatrical distribution ventures - in that HHSE has no out-of-pocket investment, no contingent liability, no guarantees and no downside. The services being provided by HHSE are a benefit to the producers, whose funding requires a significant North American theatrical release.
This film is budgeted for the hiring of THREE "A" Level Stars, plus a solid support cast.