Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On April 1, 2022, Mr. Max Pu Chen tendered his resignation as the Chief
Executive Officer, Chief Financial Officer, sole director and chairman of the
board of directors of American Education Center, Inc. (the "Company") and the
resignation became effective on April 1, 2022. Mr. Chen's decision to resign was
not the result of any disagreements with the Company on any matter related to
the operations, policies, or practices of the Company.
On the same date, the board of directors of the Company (the "Board") appointed
Mr. Christian Rockefeller as the new Chief Executive Officer, Chief Financial
Officer, sole director and chairman of the Board effective on April 1, 2022. The
Company and Mr. Christian Rockefeller entered into an employment agreement,
dated April 1, 2022 (the "CEO Employment Agreement"), pursuant to which Mr.
Christian Rockefeller will receive a monthly salary of $15,000. His term of
employment, which began April 1, 2022, is for two years and four months. His
employment may be terminated at any time without cause, upon one-month prior
written notice. Mr. Christian Rockefeller may terminate his employment at any
time for any reason or no reason upon two month's advance written notice.
There is no family relationship between Mr. Christian Rockefeller and any of our
other officers and directors. Except for the employment agreement described
above, Mr. Christian Rockefeller has not had any transaction with the Company
since the beginning of our last fiscal year.
The foregoing description of the principal terms of the CEO Employment Agreement
is a general description only, does not purport to be complete, and is qualified
in its entirety by reference to the terms of the CEO Employment Agreement
attached hereto as Exhibit 10.1, which is incorporated herein by this reference.
Biographical Information of the New Director and Officer.
Mr. Christian Rockefeller
Mr. Christian Rockefeller has over eight years working experience. Mr. Christian
Rockefeller has worked as an advisor at Zammo AI since August 2020. From June
2018 to December 2019, Mr. Christian Rockefeller worked as an advisor at Pacific
Financial Capital. From January 2014 to August 2021, Mr. Christian Rockefeller
work as a Managing Director at Family-Based Cultural Exchange. From January 2014
to December 2016, Mr. Christian Rockefeller worked as the Vice President of
Business Development of RoseRock. Mr. Christian Rockefeller received his
bachelor degree in art and science from Boston College in December 2013.
Item 9.01. Financial Statements and Exhibits.
Exhibit
No. Description
10.1 Employment Agreement between the Company and Christian Rockefeller,
dated April 1, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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