Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
On April 27, 2021, the Board of Directors of Chee Corp. (the "Company")
appointed John Morgan to the Board, to hold office until the next annual meeting
of stockholders and until his successor has been duly elected and qualified.
John Morgan, age 75, is managing partner at Falding Capital Group and Executive
Vice President and Secretary of Technical Air Products. Mr. Morgan has over
fifty years of business development and management experience. He has owned
several publishing businesses, including include Graph-Ads, Inc. in Alma,
Michigan, Advance Newspapers in Grand Rapids, Michigan, Flashes Publishers in
Allegan, Michigan, and TDI Talking Phone Books in Grand Rapids, Michigan. In
1999, Mr. Morgan and his partner sold his publishing business to McCloud USA,
which at the time was the fourth largest telecom company in the US.
In 2000, Mr. Morgan acquired Eagle Tugs, an aviation and industrial material
handling manufacturer, which he sold to Tronair in 2015. Also in 2000, Mr.
Morgan, through Falding Capital Group, purchased Cannon Truck Equipment, a
complex truck equipment up-fitter. In 2018, Mr. Morgan sold Cannon Truck
Equipment to Versalift, which was owned by private equity firm Sterling Capital.
Mr. Morgan served on the Board of Directors of the Bank of Alma from 1975-1997.
Prior to 2006, Mr. Morgan was President of American Cargo, a dry freight and
cutaway cube van manufacturer. Mr. Morgan currently sits on the Board of
Directors of Rivulet Media, Inc.
Mr. Morgan graduated from Michigan State University with a BA in Communications
in 1968. He has been married since 1967. He and his wife have three children and
ten grandchildren and reside in Naples, Florida.
Mr. Morgan was not selected as a director pursuant to any arrangement or
understanding between him and any other person. The Company does not have any
standing committees and due to its small size does not believe that committees
are necessary at this time. Neither the Company nor any of its subsidiaries have
entered into any transactions with Mr. Morgan described in Item 404(a) of
Regulation S-K. There are no material plans, contracts, or arrangements to which
Mr. Morgan is a party or participates in that were entered into in connection
with his appointment to the Board. Mr. Morgan will constitute an independent
director of the Company.
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