Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On September 13, 2021, the board of directors (the "Board") of Labor Smart, Inc.
(the "Company") appointed Michael Costello to serve as Chief Executive Officer
of the Company. In addition, the Company appointed Jason Tucker, Michael Holley,
and Toby McBride to serve as members of the Board of the Company.
Michael Costello, a 20-year veteran in the beverage and consumer goods
industries, maintains relationships on a national level within retail channels
and is a respected member of the beverage industry. As vice president of
beverage for Sucker Punch Gourmet, Costello's efforts generated in excess of $10
million in sales in less than two years. His sales team propelled Sucker Punch's
Bloody Mary Mix into one of the nation's top five ranking brands. At Ignite
International, Costello successfully launched multiple brands into national
big-box retail chains. Under his leadership, Costello's sales teams have won
numerous awards, including "National Product of the Year" and "Best New Product"
from the Convenience Store Product ("CSP") News. During the last 200 days at
Takeover Industries, Costello has served as the Vice President of East Coast
Sales. He has been instrumental in the release of NXT LVL Hydrogen Water, NXT
LVL Up Shot, and the Manny Pacquiao Signature Can.
Jason Tucker serves as president of Takeover Industries, Inc., a subsidiary of
the Company. He has over 15 years of experience as a consultant and entrepreneur
who founded Battleship Stance, an intellectual property management and legal
services firm. Battleship provides customized solutions to clients in the
entertainment, legal, law enforcement, government, and physical product space.
As a consultant, Mr. Tucker specializes in managing complex negotiations and
technically complex models, viral marketing, and digital rights management. In
his philanthropic life, he has volunteered with numerous organizations,
including the Special Olympics, where he served on its State Games Committee for
five years. He has volunteered over 6,000 hours with Los Angeles County since
2001. Jason is a graduate of the FBI and DEA Citizens Academy and is a member of
InfraGard.
Toby McBride is the CEO of Takeover Industries. Mr. McBride has over thirty
years' experience in the beverage industry. He has worked for major brands such
as Sobe, Arizona Iced tea and Xyience and Ignite. Mr. McBride began his career
with Whole Foods as grocery coordinator and left Whole Foods to work for Sobe as
one of its first sales directors. His experience includes managing major chain
accounts like Valero, Publix, Racetrac, 7-11 and managing a sales force of sixty
sales managers and regional directors and managing distributors throughout the
United States.
Michael Holley is the COO of Takeover Industries, Inc. Holley has been in the
beverage industry for over twenty-five years. He has worked for brands such as
Arizona Iced Tea and Xyience Nationally. Mr. Holley most recently took Ignite
from CBD to a full beverage company. Mr. Holley was the president of a large
sports nutrition company and began his career in the wine and spirits industry
launching new products and has called on key accounts such as Kroger, 7-11,
Circle K, Safeway, Costco and many more. He has managed over eighty distributors
and a national sales force. Mr. Holley has a strong sales and production
background creating multiple products from inception to the Market.
On September 8, 2021, our Chief Executive Officer, Mr. Joe Pavlik resigned from
his position as Chief Executive Officer. On September 13, 2021, Mr. Pavlik was
appointed to serve as Chief Science Officer of Takeover Industries, Inc.
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