Jeff Foster acquires voting control of Transglobal Management Group
On June 15, 2026, Kelly Kirchhoff transferred 61 shares of Series A Preferred Stock to Jeff Foster via an Assignment Agreement, shifting voting control of the company to Foster. Prior to the transfer, Kirchhoff held 133 shares and Foster held 67 shares; following the transaction, Foster holds 128 shares and Kirchhoff holds 72 shares of the 200 total outstanding Series A Preferred shares. Series A Preferred Stock carries voting rights sufficient to control shareholder matters including director elections. Foster continues as President and Chairman; Kirchhoff remains Chief Executive Officer and board member.
Key facts
- 61 shares of Series A Preferred Stock transferred from Kelly Kirchhoff to Jeff Foster on June 15, 2026
- Jeff Foster voting control post-transaction with 128 of 200 outstanding Series A Preferred shares
- Kelly Kirchhoff held 133 shares pre-transaction, 72 shares post-transaction
- Series A Preferred Stock provides voting control over shareholder matters and director election
- No officers or directors changed; Foster remains President and Chairman, Kirchhoff remains CEO and board member
- Assignment Agreement and Irrevocable Stock Transfer Power both dated June 15, 2026
Why it matters
Foster's acquisition of voting control through the preferred-share transfer gives him determinative influence over shareholder actions and board composition, while Kirchhoff retains the CEO title and board seat but cedes voting power over company governance.
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Derived from 8-K filed 2026-06-18. Not investment advice. View the source filing on SEC.gov →