Attached files
| file | filename |
|---|---|
| EX-31.1 - SECTION 302 CEO CERTIFICATION - Legal Life Plans, Inc. | ex31_1302certification.htm |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - Legal Life Plans, Inc. | ex32_1906certification.htm |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
FORM 10-Q
[ X ] Quarterly Report under Section 13 or 15(d) of the Securities Exchange Act of 1934
For the quarter ended August 31, 2013
[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the transition period from ________ to ___________
Commission file number: 000-52473
LEGAL LIFE PLANS, INC.
(Name of Small Business Issuer in Its Charter)
| Delaware | 20-1499421 | |
|
(State or Other Jurisdiction of Incorporation or Organization) |
(IRS Employer Identification No.) | |
| 518 Alabama Street | ||
| Bristol, Tennessee | 37620 | |
| (Address of Principal Executive Offices) | (Zip Code) |
| (423) 646-6599 | ||
| Issuer’s Telephone Number, Including Area Code | ||
Legal Life Plans, Inc.
(Former name or former address and former fiscal year, if changed since last report.)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer,” and “smaller reporting company in Rule 12b-2 of the Exchange Act. (Check one):
Large Accelerated Filer [ ] Accelerated Filer [ ] Non-Accelerated Filer [ ] Smaller reporting company [X]
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes [X] No [ ]
The number of shares outstanding of the registrant’s Common Stock, $0.001 par value per share, as of October 22 2013, was 171,419.
|
LEGAL LIFE PLANS, INC.
| |
| Page | |
|
PART I – FINANCIAL INFORMATION: |
|
|
|
3 |
|
Item 2. Management’s Discussion and Analysis and Results of Operations |
13 |
|
Item 3. Quantitative and Qualitative Disclosures About Market Risk |
14 |
|
Item 4. Controls and Procedures |
14 |
|
PART II – OTHER INFORMATION: |
|
|
Item 1. Legal Proceedings |
15 |
|
Item 1A. Risk Factors |
15 |
|
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds |
15 |
|
Item 3. Defaults Upon Senior Securities |
15 |
|
Item 4. Other Information |
15 |
|
Item 5. Exhibits |
16 |
|
|
16 |
LEGAL LIFE PLANS, INC.
(formerly Nano Dimensions, Inc.)
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
NOTE 1 ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN
Legal Life Plans, Inc. (formerly Nano Dimensions, Inc.) (the Company), was incorporated under the laws of the state of Delaware on August 12, 2004. The Company was organized for the purpose of producing and preserving activated cells for use in cancer treatment primarily through agreements with clinics, hospitals, and physicians. On July 31, 2007, the Company repurchased 56 shares of its common stock with certain Company assets. Following this transaction the Company has entered into shell status with no significant operations.
The Company originally was formed as Cancer Therapeutics, Incorporated under the laws of the State of Tennessee on May 1, 1991. On September 7, 2004, the Company reincorporated into the State of Delaware by filing with the state a Certificate of Merger whereby Cancer Therapeutic, Incorporated (Tennessee) merged with and into Cancer Therapeutic, Inc. (Delaware) which was incorporated for this purpose on August 12, 2004. On October 19, 2010 the Company changed its name from Cancer Therapeutic, Inc. to Nano Dimensions, Inc. and on January 6, 2012 to Legal Life Plans, Inc.
On November 5, 2010, the Company’s board declared a 1 for 500 reverse stock split, reducing the number of issued shares of common stock from 85,569,477 shares to 171,419 shares. All shares and per share amounts have been adjusted to retroactively reflect this stock split.
The accompanying unaudited condensed financial statements have been prepared using generally accepted accounting principles applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. As reported in the Annual Report on Form 10-K for the fiscal year ended May 31, 2013, the Company’s stockholders’ deficit was $573,684 and had a working capital deficit, continued losses, and a negative cash flows from operations. These factors combined, raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plan to address and alleviate these concerns are as follows:
The Company’s management continues to develop a strategy of exploring all options available to it so that it can develop successful operations and have sufficient funds, therefore, as to be able to operate over the next twelve months. The Company is attempting to improve these conditions by way of financial assistance through issuances of additional equity. No assurance can be given that funds will be available, or if available, that it will be on terms deemed satisfactory to management.
During October 2013, the Board member that served as both the Company's Chief Executive Officer and Chief Financial Officer resigned, effective October 8, 2013.
On October 18 2013, the remaining Board members confirmed an investor and consultant, David Luther, as a Board member, to serve as the Company's Chief Executive Officer ("Future CEO"), effective October 18, 2013. The remaining Board members also tendered their resignation as Board members, effective October 19, 2013.
The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually attain profitable operations. The accompanying unaudited condensed financial statements do not include any adjustments relating to recoverability and classification of asset carrying amounts to the amount and classification of liabilities that might result from the outcome of these uncertainties.
LEGAL LIFE PLANS, INC.
(formerly Nano Dimensions, Inc.)
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Basis of Presentation
The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with generally accepted accounting principles for interim financial information. Accordingly, they do not include all the information and notes required by generally accepted accounting principles for annual financial statements. In the opinion of the management of the Company, the accompanying unaudited condensed financial statements contain all the adjustments (which are of a normal recurring nature) necessary for a fair presentation. Operating results for the three months ended August 31, 2013 are not necessarily indicative of the results that may be expected for the year ending May 31, 2014.
Reclassifications
Certain reclassifications have been made to the 2012 financial information to conform to the presentation in the current-year.
Cash and Cash Equivalents
The Company considers all highly liquid temporary cash investments with an original maturity of three months or less when purchased, to be cash equivalents.
Income Taxes
Income taxes are accounted for in accordance with the provisions of ASC Topic 740, Accounting for Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized, but no less than quarterly.
Recent Accounting Pronouncements
Certain accounting pronouncements have been issued by FASB which are not effective and have not yet been adopted by the Company. The impact on the Company’s financial position and results of operations from adoption of those standards is not expected to be material.
LEGAL LIFE PLANS, INC.
(formerly Nano Dimensions, Inc.)
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
NOTE 3 DUE FROM RELATED PARTY
At August 31, 2013 and May 31, 2013, the Company had $7,540 due from a related party, which consisted of expenses paid on the related party’s behalf.
NOTE 4 PREPAID EXPENSES
At August 31, 2013, the prepaid expenses consisted primarily of prepaid professional fees.
NOTE 5 ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Accounts payable and accrued expenses consist of:
| August 31, 2013 | May 31, 2013 | |||||||
| Professional fees | $ | 60,462 | $ | 33,692 | ||||
| Rent | 47,500 | 47,500 | ||||||
| Accrued payroll taxes and related expenses | 73,962 | 73,484 | ||||||
| Other | 651 | 651 | ||||||
| Total accounts payable and accrued expenses | $ | 182,575 | $ | 155,327 | ||||
NOTE 6 DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS
Amounts due to related parties consist of the following:
| August 31, 2013 | May 31, 2013 | |||||||
| Amount due to an accounting firm owned by the former CFO of the Company for unpaid accounting and management services, non-interest bearing, due on demand | $ | 26,000 | $ | 26,000 | ||||
| Amounts due to related parties of the Company for certain funds advanced to pay for business development costs that are part of the Company’s business expansion plans, as well as other general and administrative expenses | 36,245 | 32,750 | ||||||
| $ | 62,245 | $ | 58,750 | |||||
For the three-months ended August 31, 2013 and 2012, respectively, accounting, legal and management fees to related parties amounted to $3,495 and $3,000, respectively.
NOTE 7 OBLIGATIONS FOR SHARES TO BE ISSUED
During August 2011, the Company entered into a subscription agreement with the Future CEO to purchase 360,000 shares of common stock at $0.50 per share, which generated proceeds of $180,000. The Company has not physically issued the stock certificate representing these shares.
LEGAL LIFE PLANS, INC.
(formerly Nano Dimensions, Inc.)
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
NOTE 7 OBLIGATIONS FOR SHARES TO BE ISSUED - continued
During December 2012, the Company entered into a consulting agreement with the same individual for services through March 31, 2013. In exchange, the individual is entitled to 20,000 shares of the Company’s Series A Preferred shares. For the year ended May 31, 2013, 20,000 shares should be issued with a fair value of $14,400, or $0.72 per share. The Company has not physically issued the stock certificate representing these shares as of August 31, 2013. (See Note 10)
NOTE 8 NOTES PAYABLE
Prior to the Company’s reincorporation on September 7, 2004, the Company’s predecessor Cancer Therapeutics Incorporated issued a secured note payable of $50,000 to a bank at 8.25% interest per annum with a maturity date of December 31, 2005. The note is secured by tangible and intangible assets. To date the note is in default and continues to accrue interest at 8.25%. As of August 31, 2013 the note had accrued interest of $26,833.
During November 2009, the Company issued an 8% $50,000 unsecured note payable to a corporation with a maturity date of November 3, 2010. To date the note is in default and continues to accrue interest at 8%. As of August 31, 2013 the note had accrued interest of $15,290.
Interest expense for both notes for the three-month periods ended August 31, 2013 and 2012 amounted to $2,031 and $2,031, respectively.
NOTE 9 NOTE PAYABLE TO RELATED PARTY
During July 2012, the Company issued a 10% $30,000 note payable to the Future CEO above with an original maturity date of August 15, 2012. In September 2013, the maturity date was extended to March 10, 2014 at 10% annum.
Accrued interest at August 31, 2013 was $3,411. Interest expense for the three-month periods ended August 31, 2013 and 2012 amounted to $756 and $411, respectively.
NOTE 10 PREFERRED STOCK
During the year ended May 31, 2010, the Company approved the creation of Series A preferred stock. The Series A preferred shares are entitled to 2,000 post-split votes (1,000,000 pre-split votes) per share but do not have any rights of conversion into shares of common stock. Pursuant to Delaware General Corporate Law, the holder of the preferred stock cannot take any action to benefit him personally as a shareholder without the vote of a majority of the common shareholders. On April 22, 2010 the Company authorized and approved the issuance of 200 shares of Class A Preferred stock to the then Company CEO/CFO in lieu of compensation for one year. These shares are to be returned to the Company and cancelled as part of the acquisition agreement described in Note 12.
On March 20, 2012 the Company approved the filing of a certificate of designation with respect to Series B Preferred stock. The Series B Preferred shares are entitled to 1 vote per share but do not have any dividend, distribution, or rights of conversion into common stock.
LEGAL LIFE PLANS, INC.
(formerly Nano Dimensions, Inc.)
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
NOTE 10 PREFERRED STOCK - continued
On December 10, 2012, the Company entered into a consulting agreement with the Future CEO to assist with the reverse capitalization of the Company with Legal Life Plans, Inc. of Utah. In exchange for these services, 20,000 shares of the Company’s Series A Preferred shares will be issued. For the year ended May 31, 2013, 20,000 shares should be issued, with a fair value of $14,400, or $0.72 per share. These shares have not yet been issued as of August 31, 2013.
NOTE 11 WARRANTS
On May 1, 2009 the Company issued 36,850 stock warrants (18,425,000 pre-split stock warrants) as part of the conversion agreements with certain debt holders of the Company. The warrants entitle the holder to purchase common stock of the Company at an exercise price of $50.00 per share (pre-split exercise price of $0.10 per share). The warrants expire 5 years from the date of issuance.
The following table summarizes the changes in warrants outstanding for the year ended May 31, 2013 and the three months ended August 31, 2013 (as retroactively adjusted for the 1 for 500 reverse stock split on November 5, 2010):
| Number of Shares | Weighted Average Exercise Price | |||||||||
| Outstanding as of May 31, 2012 | 35,670 | $ | 50.00 | |||||||
| Granted | — | — | ||||||||
| Exercised | — | — | ||||||||
| Cancelled | — | — | ||||||||
| Outstanding as of May 31, 2013 | 35,670 | $ | 50.00 | |||||||
| Granted | — | — | ||||||||
| Exercised | — | — | ||||||||
| Cancelled | — | — | ||||||||
| Outstanding as of August 31, 2013 | 35,670 | $ | 50.00 | |||||||
Common stock warrants outstanding and exercisable as of August 31, 2013 are:
| Warrants Outstanding | Warrants Exercisable | |||||||||||||||||
| Expiration Date | Exercise Price | Number of shares Outstanding | Weighted Average Contractual Life (Years) | Number Exercisable | Weighted Average Exercise Price | |||||||||||||
| May 1, 2014 | $ | 50.00 | 35,670 | 0.66 | 35,670 | $ | 50.00 | |||||||||||
LEGAL LIFE PLANS, INC.
(formerly Nano Dimensions, Inc.)
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
NOTE 12 COMMITMENTS AND CONTINGENCIES
Rental Agreement
On June 1, 2009 the Company executed a sublease agreement with an unrelated party to sublease office space located in South Jordan, Utah. The sublease had a term from June 1, 2009 – March 31, 2011 and provides for monthly base rent of $1,500. The lease continued on a month to month basis until October 2012. For the three-month periods ended August 31, 2013 and 2012, rent expense was $0 and $4,500, respectively.
Effective November 2012, the Company relocated to shared office space of the Company’s then director, located in Boca Raton, Florida.
Litigation
In February 2010 the Company received $150,000 cash from an investor pursuant to the Company’s prospective sale of 7,600 post-split shares (3,800,000 pre-split shares) of its common stock at a $19.50 post-split price ($0.039 pre-split price) per share. Subsequently, the investor refused to sign the subscription agreement and in July 2010, served a complaint against the Company and Company counsel in U.S. Federal Court seeking recovery of the $150,000 and additional damages.
On April 20, 2011 the Company and Company counsel executed a settlement agreement with the investor. The settlement agreement obligated the Company and Company counsel to pay a total of $170,000 to the investor. The settlement amounts were paid in full on February 22, 2012, and the complaint was dismissed with prejudice.
In June 2013, a former consultant/President of the Company named the Company in a Civil Action in the United States District Court for the District of Colorado, alleging, among other things, wrongful termination by the Company. The former consultant/President claims unpaid compensation of $104,000 and 5,000,000 shares of stock.
During 2013, the former consultant/President also filed a complaint with the Occupational Safety and Health Administration (OSHA), asserting wrongful termination by the Company’s CEO due to the former consultant/President’s investigation and notification to the Company’s Board about alleged unauthorized sales of securities.
Management is vigorously defending the claims and believes they are without merit. These actions are in the early stages, and the outcomes are not determinable at this time.
Taxes
During 2013, the current Company management became aware that previous management had not filed certain Company payroll and income tax returns and forms. Current management is taking steps to remediate these filing deficiencies.
LEGAL LIFE PLANS, INC.
(formerly Nano Dimensions, Inc.)
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
NOTE 12 COMMITMENTS AND CONTINGENCIES - continued
Acquisition Agreement
On March 20, 2012 the Company entered into an agreement to acquire all of the outstanding shares of Legal Life Plans, Inc., a Utah corporation (LLP Utah) in exchange for 1,000,000 shares of Series A Preferred stock, 18,000,000 shares of Series B Preferred stock, and 91,000,000 shares of common stock of the Company. The stock purchase agreement also provides for the Company to pay $180,000 to the Future CEO at closing in exchange for the individual’s surrender of the 360,000 shares of the Company’s common stock subscribed to pursuant to the August 2011 subscription agreement. The consummation of the acquisition is subject to the satisfaction of certain conditions precedent by the parties. As of August 31, 2013, consummation of the reverse merger agreement was not completed and no shares have been issued to date.
On October 21, 2013, the Company received a letter from LLP Utah’s Board of Directors stating that they are cancelling the Stock Purchase agreement under terms allowed for under the agreement.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS
The following discussion of the company's financial condition and results of operations should be read in conjunction with the audited financial statements and related notes included in the filing of the company’s latest annual 10-K. This discussion may contain forward-looking statements, including, without limitation, statements regarding our expectations, beliefs, intentions, or future strategies that are signified by the words "expects," "anticipates," "intends," "believes," or similar language. Actual results could differ materially from those projected in the forward looking statements. You should carefully consider the information under the caption "Risk Factors" in this filing, in addition to the other information set forth in this report. We caution you that Legal Life Plans’ business and financial performance is subject to substantial risks and uncertainties.
Results of Operations
The following is our discussion of the relevant items affecting results of operations for the periods ended August 31, 2013 and 2012.
Revenues. We generated zero revenues during the three-months ended August 31, 2013 and 2012.
Professional Fees. Our professional fees include outside legal, accounting and other professional fees. Professional fees for the three-months ended August 31, 2013 were $28,700, compared to $38,095 during the three-months ended August 31, 2012. The decrease was the result of legal fees paid related to the legal settlement incurred during the three-month period ended August 31, 2012.
General and Administrative Expenses. Our general and administrative expenses have been comprised of occupancy and office expenses; and other miscellaneous office and administrative expenses. General and administrative expenses for the three-months ended August 31, 2013 was $45, compared to $4,635 during the three-months ended August 31, 2012. The decrease in general and administrative expenses is a result of the cease in rent expense.
Other Income (Expense). We incurred net other expenses of ($2,715) for the three-months ended August 31, 2013 compared to net other expense of ($6,102) for the three-months ended August 31, 2012. Expenses incurred in this category were comprised of interest expense associated with promissory notes issued by the Company. Income included in this category is interest income associated with notes receivable.
Off-Balance Sheet Arrangements.
We are not subject to any off-balance sheet arrangements.
Personnel
We have no full-time employees. We utilize project-based contract personnel to carry out our business.
Liquidity and Capital Resources
Since inception, we have financed our operations from a combination of loans, issuance of promissory notes, and from business revenues. As of August 31, 2013, we had no cash. We have sustained significant net losses which have resulted in a total stockholders’ deficit at August 31, 2013 of $605,214. Our losses raise doubts about our ability to continue the business of Legal Life Plans as a going concern. Our current financial condition is dire. Consequently, we anticipate that we will require additional cash inflows from sales of debt or equity capital to maintain operations and/or finance substantial business initiatives that may arise. With the expected cash requirements for the coming months, without additional cash inflows from the sale of shares, we have substantial doubt as to our ability to continue to operate. We believe our present capital resources are insufficient for ongoing operation. We cannot assure you that we will be able to raise sufficient funds to further develop and market our services. Our lack of funds will materially affect us, and may cause us to cease operations. Consequently, you could incur a loss of your entire investment in Legal Life Plans.
FORWARD LOOKING STATEMENTS AND RISK FACTORS
Forward Looking Statements
When used in this report, the words, “believes,” “plans,” “expects,” and similar expressions are intended by us to identify forward-looking statements within the meaning of and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to certain risks and uncertainties, including those discussed below, that could cause actual results to differ materially from those we have projected. These forward-looking statements speak only as of the date hereof. All of these forward-looking statements are based on our estimates and assumptions, which although we believe them to be reasonable, are inherently uncertain and difficult to predict. We cannot assure you that the benefits anticipated in these forward-looking statements will be achieved.
We undertake no obligation to update any forward-looking statements, but you are advised to consult any further disclosures by Legal Life Plans on this subject in its subsequent filings pursuant to the Securities Exchange Act of 1934. Furthermore, we are providing these cautionary statements identifying risk factors, listed below, that could cause our actual results to differ materially from expected and historical results. It is not possible for our management to foresee or identify all such factors.
Consequently, this list should not be considered an exhaustive statement of all potential risks, uncertainties and inaccurate assumptions.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
As a smaller reporting company we are not required to provide this information.
ITEM 4. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures
Our management, with the participation of our Chief Executive Officer, who is also our principal accounting officer, has evaluated the effectiveness of our disclosure controls and procedures as defined in Rule 13a-15(e) of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Based upon that evaluation, our Chief Executive Officer concluded that, as of August 31, 2013, our disclosure controls were not operating effectively to provide reasonable assurance that information required to be disclosed in our periodic reports filed with the SEC is recorded, processed, summarized and reported within the time period specified by the SEC, and that material information relating the Company is made known to management, including Chief Executive Office and Principal Accounting Officer, particularly during the period when our periodic reports are being prepared.
The basis for the determination that our disclosure controls and procedures are not operating effectively at the reasonable assurance level is based on our conclusions that (a) we do not have a full-time, qualified Principal Financial Officer to oversee our disclosures controls and procedures, and (b) we have material weaknesses in our internal control over financing reporting (as discussed in our annual 10K filed on October 4, 2013), which we consider an integral part of our disclosure controls and procedures.
Changes in Internal Control over Financial Reporting
During the quarter ended August 31, 2013, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
OTHER INFORMATION
In June 2013, a former consultant/President of the Company named the Company in a Civil Action in the United States District Court for the District of Colorado, alleging, among other things, wrongful termination by the Company. The former consultant/President claims unpaid compensation of $104,000 and 5,000,000 shares of stock.
During 2013, the former consultant/President also filed a complaint with the Occupational Safety and Health Administration (OSHA), asserting wrongful termination by the Company’s CEO due to the former consultant/President’s investigation and notification to the Company’s Board about alleged unauthorized sales of securities.
Management is vigorously defending the claims and believes they are without merit. These actions are in the early stages, and the outcomes are not determinable at this time.
As a smaller reporting company, we are not required to provide the information required by this item.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
None
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None
On October 8, 2013, Scott Weissman resigned from his position of Chief Executive Officer, Chief Financial Officer, and member of the Board of Directors.
On October 18, 2013, the Board of Directors appointed David Luther as the new Chief Executive Office and as a member on the Board of Directors.
On October 19, 2013, board members Farid Dallal and Joe Toro resigned from the Board of Directors.
The following documents are filed as exhibits to this Form 10-Q:
INDEX TO EXHIBITS
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 thereunto duly authorized.
| LEGAL LIFE PLANS, INC. | |
| Date: October 22, 2013 | By: /S/ David Luther |
| David Luther | |
| Chief Executive Officer |