Form 8-K for ZONED PROPERTIES, INC.
27-Sep-2016
Change in Directors or Principal Officers, Regulation FD Disclosure, Finan
There is no arrangement or understanding between Mr. Honaman and any other person pursuant to which he was selected as a director. There have been no transactions and are no currently proposed transactions in which the Company was or is to be a participant and the amount involved exceeds the lesser of $120,000 or 1% of the average of the Company’s total assets at year-end for the last two completed fiscal years, and in which Mr. Honaman had or will have a direct or indirect material interest.
As a new member of the Board, Mr. Honaman will be entitled to receive the same compensation provided to the Company’s other non-employee directors. Such directors receive 10,000 shares of the Company’s common stock per year of service.
The Board has determined that Mr. Honaman qualifies as an independent director under the rules of The Nasdaq Stock Market.
Exhibit No. Description
99.1 Press release of Zoned Properties, Inc. dated September 27, 2016.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com