Form 8-K for FUTUREWORLD CORP.
30-Mar-2015
Other Events, Change in Directors or Principal Officers
On March 27, 2015, The Company decided to terminated Mr. Bill Short’s services to the company as the CEO of CB Scientific Inc., and COO of FutureWorld Corp, effective immediately. The termination was in accordance with Company policy and mainly based on facts represented in the referenced lawsuit against Mr. Bill Short and other parties. The Company does not plan to replace this position at the present time.
The Company has also terminated all contractors employed by CB Scientific in our Lakewood Colorado office based on facts represented in the referenced lawsuit. The Company plans to move CB Scientific offices to St. Petersburg, Southern Colorado and Northern California immediately. The company is also in the process of filling positions required at the Company.
We find these events very unfortunate but as management, we have a fiduciary responsibility to our shareholders to protect their investment and Company’s intellectual properties; by pursuit of actions in any necessary forum.
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