UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 26, 2023, HB2 Origination, LLC ("HB2"), the operating subsidiary of Alpine Summit Energy Partners, Inc. (the "Company"), received a written notice from the Company's Chief Operating Officer, Michael McCoy ("McCoy"), claiming he has "good reason" to terminate his engagement under the Member Services Agreement between HB2 and McCoy, entered into on September 7, 2021 (the "MSA"). McCoy's notice stated that his engagement under the MSA will terminate within 30 days if the Company does not cure the conduct alleged to constitute "good reason". HB2 placed McCoy on unpaid administrative leave on May 30, 2023 pending an investigation being conducted on behalf of the Company's Board of Directors by outside legal counsel into possible misconduct by McCoy. At this time, the investigation remains ongoing.
SIGNATURE
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.
ALPINE SUMMIT ENERGY PARTNERS, INC. | ||
June 29, 2023 | By: | /s/ Darren Moulds |
Name: | Darren Moulds | |
Title: | Chief Financial Officer |