SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 22, 2014
PROGREEN PROPERTIES, INC.
(Exact Name of Registrant as Specified in Its Charter)
| Delaware | 000-25429 | 59-3087128 |
| (State or Other Jurisdiction | (Commission | ( I.R.S. Employer |
| of Incorporation) | File Number) | Identification No.) |
| 380 North Old Woodward Ave., Suite 226, Birmingham, MI | 48009 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
Registrant's telephone number, including area code: (248) 530-0770
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.
On October 22, 2014, Henrik Sellmann resigned as a director of the Company for personal reasons, advising us that due to his involvement with the operations of American Residential Fastigheter AB (“ARF”), a Swedish company with which the Company has a financing agreement, and for which Mr. Sellmann serves as a director, the increasing commitment of his time to ARF will preclude him from continuing as a director of Progreen.
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.
| PROGREEN PROPERTIES, INC. | ||
| Dated: November 7, 2014 | By: | By: /s/ Jan Telander |
| Jan Telander, Chief Executive Officer | ||