fri8k81209.htm
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
August 12,
2009
Date of
Report (Date of earliest event reported)
Freestone
Resources, Inc.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-28753
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33-0880427
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(State
or other jurisdiction of incorporation)
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(Commission
File No.)
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(I.R.S.
Employer Identification No.)
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Republic
Center, Suite 1350 325 N. St. Paul St. Dallas, TX 75201
(Address
of Principal Executive Offices)
214-880-4870
(Issuer
Telephone number)
Check the
appropriate box below if
the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2
below):
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] 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))
Item
5.02 Departure of Directors or Principal Officers; Election of
Directors;
Appointment
of Principal Officers.
Item
5.02 Appointment of Chief Executive Officer and Director
On August
12, 2009, Michael Doran resigned as Chief Executive Officer and Chairman of
Freestone Resources, Inc (the “Company”). The Board of Directors
appointed Mr. Clayton Carter as its Chief Executive Officer and Chairman and Mr.
Don Edwards as a Director.
Mr.
Carter, age 23, received his Bachelor of Arts in Integrated Marketing and
Communications from Pepperdine University. With his extensive knowledge of the
public markets and investment-based finance, Mr. Carter has raised the capital
to develop multiple startups. Mr. Carter has served as President and
Director of Freestone Resources since January 2009, and will continue his
current duties at the Company as the Chief Executive Officer and Chairman of the
Company. Mr. Carter strongly believes in Freestone’s continuing
mission to develop new technologies that allow for the utilization of various
petroleum resources in an environmentally responsible and cost effective
way.
Mr.
Edwards, age 60, is a graduate from Texas Christian University with a BBA degree
concentrating in Finance and Economics. Mr. Edwards started his business career
with E. F. Hutton where he was a regional OTC Coordinator. He also ran a trading
desk for OTC stocks. He later served as President, CFO, CEO and Director for
four securities firms as well as a Director for two savings and loans. He has
been responsible for managing many public and private companies. He has raised
startup capital for dozens of both private and public companies. Mr. Edwards has
vast knowledge in the investment field including fine art. He has bought and
sold art works of such artists as Charles Russell and Monet. Don was a licensed
Insurance agent for many years and assisted in managing the West Texas region
for Mass Mutual Life Ins. Co. Don also has a background in the Oil and Gas
Industry. His family has run a successful Drilling Co. in West Texas for over
half a century. Mr. Edwards will maintain his position as Chief
Investment Officer of the Company.
Mr.
Edwards and Mr. Carter will be eligible to participate in all applicable
corporate benefit programs including medical insurance plans, stock option
plans, group life and disability plans.
Mr.
Edwards and Mr. Carter do not have any family relationship with any director,
executive officer, or person nominated or chosen by our Board
of Directors to become executive officers. There are no transactions in
which Mr. Edwards or Mr. Carter have an interest requiring disclosure pursuant
to Item 404(a) of Regulation S-B promulgated under the Securities Exchange Act
of 1934, as amended, since the beginning of the Company’s last fiscal year or
currently proposed transaction, other than as described above, between the
Company and Mr. Edwards and Mr. Carter.
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.
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FREESTONE
RESOURCES, INC.
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August
12, 2009
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By: /s/ Clayton
Carter
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Clayton
Carter
Chief
Executive Officer
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