Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
HOTR > SEC Filings for HOTR > Form 8-K on 22-Mar-2013All Recent SEC Filings

Show all filings for CHANTICLEER HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for CHANTICLEER HOLDINGS, INC.


22-Mar-2013

Other Events


Item 8.01 Other Events

Chanticleer Holdings, Inc. (the "Company") and its Board of Directors have decided to exit the fund management business. The desired result of current negotiations would be for Chanticleer Advisors, LLC ("Advisors") to resign as manager of Chanticleer Investors II ("Investors"). Matthew Miller and Joe Koster, two of the current fund managers, will cease to be employed by Advisors and will control a new management entity ("NEWCO") created specifically to manage the successor to Investors. Mr. Michael Pruitt will resign as one of the portfolio managers. From this arrangement, the Company will have an ongoing economic benefit from this aspect of the business, while eliminating the losses associated with the fund management business. Advisors has failed to produce profits and has resulted in operating losses since inception. Subject to limited partner approval, the transition is expected to be effectuated on May 1, 2013.

  Add HOTR to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for HOTR - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.