UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).
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"We", "Us", "The Issuer" and or "the Company" refer to Better For You Wellness, Inc., a Nevada Company.
Item 8.01. Other Events.
Better For You Wellness, Inc. held a Meeting of the Board of Directors on February 5, 2022, via video conference (the "Board Meeting"). The seven members of the Company's Board of Directors (the "Board") include Ian James, Stephen Letourneau, Montel Williams, Christina Jefferson, Joseph Watson, David Deming, and Dr. Nicola Finley, MD. The results of the Board Meeting are as follows:
Establishment of Strategic Advisory Committee
The Board unanimously approved the establishment of a Strategic Advisory Committee (the "Committee"). The Committee will be tasked with providing acceleration, reach and guidance to further enhance the Company's value proposition and portfolio. The Committee will work closely with the Board and Better For You Wellness leadership and advise on matters relating to the company's capital raising efforts, acquisitions, public relations strategy, brand development, international expansion, and other initiatives.
Appointment of Strategic Advisory Committee Members
The Board appointed six initial Committee Members by unanimous consent:
● David King
● Laurie Racine
● Zhiping Zhang
● Melisse Gelula
● Christopher Brown
● Kate Hendrickson
Appointment of Audit Committee Chairperson
By unanimous vote of the Board's five non-executive Independent Directors, David Deming was appointed Chairperson of the Company's Audit Committee, which follows the Board's October 1, 2021 unanimous consent to establish the Audit Committee. The Audit Committee currently consists of three non-executive Independent Directors including Montel Williams, Joseph Watson, and David Deming.
New Compensation Committee Member and Appointment of Compensation Committee Chairperson
By unanimous vote of the Board's five non-executive Independent Directors, Christina Jefferson was appointed to the Company's Compensation Committee, filling the vacancy left by former Director Leslie Bumgarner. This action follows the Board's October 1, 2021 unanimous consent to establish the Compensation Committee. The Compensation Committee currently consists of Independent Directors, Christina Jefferson, Montel Williams, and Joseph Watson. Additionally, the Board's five non-executive Independent Directors unanimously appointed Joseph Watson, as Chairperson of the Compensation Committee.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits
| NUMBER | EXHIBIT |
| 99.1 | Press Release |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
| Better For You Wellness, Inc. | |
| Dated: February 10, 2022 | /s/ Ian James |
| Ian James Chief Executive Officer |