HomeApril 9, 2020
Retail Supplier Undergoes Ownership Change
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Pilot Power Group, Inc., a retail electric supplier, reported in a regulatory filing that the Company was recently involved in a reorganization transaction that consists of the following (the "Transaction"):
1. In connection with the reorganization, the Company was transferred from the current shareholders to a holding company that is owned by the current shareholders (the "Transfer").
2 Following the Transfer, the Company underwent a conversion from a corporation to a limited liability company, such that the name changed from Pilot Power Group, Inc. to Pilot Power Group, LLC (the "Conversion"). The employer ID number (EIN) did not change in connection with the Conversion or Transfer.
3. Shortly following the Transfer and the Conversion, the ownership of the Company was changed and the current shareholders no longer control the Company (the "Change of Control").
Denis Vermette remains President and CFO of the company
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