PSTO Powerstorm Holdings Inc (PK)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 16, 2014

 

POWERSTORM CAPITAL CORP.

 (Exact name of registrant as specified in its charter)

 

Delaware		333-184363		45-3733512
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

31244 Palos Verdes Dr W, Ste 245 Rancho Palos Verdes, CA 90275-5370

(Address of principal executive offices)(Zip Code)

 

Registrant’s telephone number, including area code: 1-424-327-2991

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

  

Appointment of Kirstin L. Gooldy as Chief Financial Officer

 

On October 16, 2014, the Board of Directors of Powerstorm Capital Corp. (the “Company”) appointed Kirstin L. Gooldy as the Company’s Chief Financial Officer. Additionally, Ms. Gooldy was appointed to the Board of Directors on November 15, 2014.

 

Kirstin L. Gooldy, 45, Chief Financial Officer

 

Ms. Gooldy brings over 20 years of Operations, Corporate Finance and Capital Markets experience to Powerstorm Capital Corp., having lead or managed over $500 million in financial transactions for various companies during her career. Prior to joining the Company, Ms. Gooldy held a position as an Advisor of the Gaea Group and KKM Group. Additionally, she was the Senior Vice President of the DiBari Group a premier finance organization. Ms. Gooldy was also a founding employee of a leading telecommunications company where she was responsible for various functions within Corporate Finance, Investor Relations and Treasury Management.

 

Family Relationships

 

No family relationship has ever existed between Ms. Gooldy and the Company.

 

Related Party Transactions

 

There are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K.

 

Employment Agreement

 

There is currently no employment agreement between Ms. Gooldy and the Company.

 

Item 8.01

Other Events

 

On October 29, 2014, the Company issued a press release announcing the appointment of Ms. Gooldy, a copy of which is attached to this Report as Exhibit 99.1.

 

Item 9.01

Financial Statement and Exhibits

 

(d)     Exhibits.

 

The following exhibit is furnished herewith:

 

Exhibit Number		Description
99.1		Press Release, dated October 27, 2014

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	POWERSTORM CAPITAL CORP.
Date: December 29, 2014	By:	/s/Michel Freni
		Michel Freni
		Chief Executive Officer

 

 

Exhibit 99.1

 

LOS ANGELES 

t:

+1 424.327.2993

f:

+1 424.327.2991

 

Powerstorm Capital Appoints New Chief Financial Officer

 

Contact:	Investor Relations	For Immediate Release
	invest.relation@powerstormcapital.com

 

 

Rancho Palos Verdes — October 27, 2014 — Powerstorm Capital Corp. (OTC: PTSO) announced today that they have appointed Kirstin L. Gooldy as Chief Financial Officer, effective October 15, 2014. 

 

Ms. Gooldy joins the Company with significant industry experience in areas of due diligence and financial modeling, and a proven track record at translating strategy into execution. Prior to joining Powerstorm Capital’s management team, Ms. Gooldy served as Controller at GAEA GROUP and Senior Vice President of DiBari Group a leading specialty finance group. There, she was responsible for the strategic growth, placement and funding of Venture Debt and Structured Finance transactions, and advised on over $350 Million in placements. Ms. Gooldy was also one of the founding members of a premier Telecommunications Company and has held the positions of Director of Finance, Treasury and Investor Relations. During her career she has successfully lead well over $500 Million in capital investment transactions as well as several mergers and acquisitions. 

 

“The addition of Ms. Gooldy to our team is a key development for the company. Her wealth of experience combined with deep industry connections and capital partners will be a valuable addition to our acquisition and financing efforts. Under Ms. Gooldy’s leadership, Powerstorm Capital will be well positioned to command a significant international market presence, continue to improve our operating and financial efficiency and continue to create shareholder value,” stated Powerstorm Capital Corp. CEO Michel Freni.

 

Ms. Gooldy commented, "I am delighted to join PSTO and to support the great vision and mission of its founder and management team during such a dynamic and exciting time in energy storage and communication industries. Powerstorm is in an excellent position to capitalize on this sector, fulfill its ‘power to people’ mission and achieve continued growth in the coming years. I look forward to leveraging my financial experience to further Powerstorm’s success and growth prospective.”

 

  

 

 

 

Powerstorm Capital Corp. (http://www.powerstormcapital.com) maintains offices in Los Angeles, New York, and The Netherlands, headed by Powerstorm Capital Corp.’s President, Ana-Maria Pruteanu, who takes the responsibility and overseas NEMA territories and works with her team to find the most efficient way to meet Powerstorm’s pipeline and execution goals.

 

Powerstorm Capital has developed a containerized Energy Storage Solution for tower operators and rural communities in the emerging markets. Powerstorm Capital has several patents pending for its foundational and innovative technology. Powerstorm’s optimized containerized plug-and-play solution is CAPEX/OPEX reducing, environmentally sound and easily installed in challenging environments. The system is built and ready to utilize –a “mini-grid” that brings opportunity and quality of life to off-grid communities for the enormous numbers of people without access to power.

 

This release contains forward-looking statements concerning market developments for our products and corresponding value propositions for our customers. These forward-looking statements reflect Powerstorm’s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Powerstorm’s assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. 

 

These statements involve risks and uncertainties that may cause Powerstorm’s actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Powerstorm’s future performance, please refer to Powerstorm’s most recent Annual Information on Form 10K. Readers should not place undue reliance on Powerstorm’s forward-looking statements and Powerstorm assumes no obligation to update or release any revisions to these forward looking statements, other than as required under applicable legislation.