Appointment of Alexander D. Henderson as the Company CFO
On February 12, 2019, Toga Limited (the “Company”), appointed Alexander D. Henderson as Chief Financial Officer (and in such capacity, as the Company’s principal financial officer and principal accounting officer, as defined under applicable securities regulations), with such appointment effective as of February 8, 2019. Prior to joining the Company, Mr. Henderson (53 years old), in October 2016 obtained a CFO position with Cingular Staffing in Fullerton, California. His duties included conforming the company’s financials to GAAP standards, engaging a PCAOB audit firm and SEC counsel and preparing the company for public filings. Mr. Henderson also produced 5-year financial projections that obtained an initial term sheet for $20 million from an investment bank.
From August 2015 to October 2016, Mr. Henderson acted as an executive, financial and operational business consultant, working with small companies to make their financials GAAP compliant and acceptable for filing with the SEC to become a public company. From June 2015 to October 2016, Mr. Henderson worked with Street Strider, a manufacturer of an elliptical bicycle using retail and ecommerce as a form of selling. Mr. Henderson worked with an entrepreneur on a new concept start up to produce projections and a business plan to obtain financing from private investors and investment bankers.
In January 2013, Mr. Henderson joined Motivating the Masses, Inc., with intentions to take the company public through a Form S-1 registration statement. Mr. Henderson worked with PCAOB auditors and the company’s legal counsel, and in September 2013, the company became effective and began filing quarterly reports with the SEC.
In 1998, Mr. Henderson received his Bachelor’s Degree in Finance from National University and went on to receive his Master’s Degree in Business Administration with a concentration in e-Business from National University in 2004.
The Company’s agreement with Mr. Henderson was for a period of three (3) months and has been extended effective May 8, 2019 for an undetermined amount of time.
Mr. Henderson has no family relationships with any of the Company’s directors or executive officers, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Concurrent with Mr. Henderson’s appointment, the Company and Toh Kok Soon, the Company’s Chief Executive Officer and current Chief Financial Officer mutually agreed that Mr. Toh would cease to be the Company’s Chief Financial Officer. Mr. Toh will continue to serve as the Company’s Chief Executive Officer.