Item 5.01 Changes in Control of Registrant.
On January 28, 2020, as a result of a private transactions, 956,440 shares of
common stock (the "Shares") of Inspired Builders, Inc. (the "Company"), were
transferred from Santa Alba, LLC to Custodian Ventures LLC (the "Purchaser"). As
a result, the Purchaser became a 94.6% holder of the voting rights of the issued
and outstanding share capital of the Company on a fully-diluted basis of the
Company, and became the controlling shareholder. In connection with the
transaction, Kai Ming Zhao released the Company from all debts owed to him.
Other than as described below, there are no arrangements or understandings among
both the former and new control persons and their associates with respect to the
election of directors of the Company or other matters. The information set forth
in Item 5.02 of this Form 8-K is incorporated by reference into this Item 5.01.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 28, 2020, the existing director and officer resigned. Accordingly,
Kai Ming Zhao, serving as a director and an officer, ceased to be the Company's
Chief Executive Officer, Chief Financial Officer, President, Treasurer,
Secretary and a Director. At the effective date of the transfer, David Lazar
consented to act as the new President, CEO, CFO, Treasurer, Secretary and
Chairman of the Board of Directors of the Company.
David Lazar, 29, has been CEO and Chairman of the Company since May 16, 2018.
David Lazar is a private investor. Mr. Lazar has been a partner at Zenith
Partners International since 2013, where he specializes in research and
development, sales and marketing. From 2014 through 2015, David was the Chief
Executive Officer of Dico, Inc., which was then sold to Peekay Boutiques. Since
February of 2018, Mr. Lazar has been the managing member of Custodian Ventures
LLC, where he specializes in assisting distressed public companies. Since March
2018, David has acted as the managing member of Activist Investing LLC, which
specializes in active investing in distressed public companies. David has a
diverse knowledge of financial, legal and operations management; public company
management, accounting, audit preparation, due diligence reviews and SEC
regulations.
Mr. Lazar has been appointed as a Chief Executive Officer, President, Secretary,
Treasurer and Chairman of Board of Directors of the Company.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.2 DIRECTORS RESOLUTIONS, DATED January 28, 2020.
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