Item 5.02Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 21, 2022, Frontera Group Inc. (the "Company") announced the appointment
of Andrew De Luna as the Company's Interim Chief Executive Officer. Mr. De Luna
will succeed Mann Yam, the Company's former Chief Executive Officer, who will
remain in his position as Chairman of the Company's Board of Directors.
The Company also announced the following: (i) that Mr. De Luna has been named as
the Company's Vice Chairman and Chief Financial Officer, (ii) that K. Bryce
"Rick" Toussaint has been elected as a member of the Company's Board of
Directors and (iii) that Deneice Day has been named as the Company's Treasurer.
?Andrew De Luna: Mr. De Luna has over 20 years of experience in the financial
industry, and he has advised for companies including McKinsey, KPMG, and
GulfStar Investment Bank. Mr. De Luna currently serves on several advisory
boards for private and public companies. Mr. De Luna holds a BBA and MBA from
the McCombs Business School at the University of Texas at Austin, and is a
licensed Certified Public Accountant in the State of Texas.
?K. Bryce "Rick" Toussaint: Mr. Toussaint has over 20 years of business and
public accounting experience, including extensive work experience in providing
merger and acquisition consulting. Mr. Toussaint has advised more than 20
American and Asian companies in becoming and remaining publicly listed on the
NASDAQ, NYSE, and OTC markets from 2006 to present, and has also advised dozens
of cross-border merger/acquisitions, PIPE transactions, and joint ventures. Mr.
Toussaint received his BS in Accounting and MBA from Louisiana State
University.
?Deneice Day: Ms. Day has over 30 years of corporate experience in numerous
leadership positions, and has experience in the implementation of SEC reporting
systems and processes for Fortune 100 companies. In recent years, Ms. Day
worked as a consultant assisting two companies in assembling and filing turn
around documents. Ms. Day holds a BBA in Accounting from Texas A&M University
and is a licensed CPA in the State of Texas.
Item 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
On April 21, 2022, the Board of Directors of the Company approved a change in
the Company's fiscal year end from June 30th to December 31st of each year.
Item 7.01Regulation FD Disclosure.
On April 21, 2022, the Company issued a press release regarding the appointments
described above. A copy of the press release is furnished as Exhibit 99.1 hereto
and incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description of Exhibit
99.1 Press Release dated April 21, 2022
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