SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
December 20, 2012
Date of Report
(Date of Earliest Event Reported)
IIM GLOBAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
SILVERWOOD ACQUISITION CORPORATION
(Former Name of Registrant as Specified in its Charter)
Delaware 000-54545 00-0000000
(State or other (Commission File Number) (IRS Employer
jurisdiction Identification No.)
of incorporation)
525 Technology Park
Suite 165
Lake Mary, Florida 32746
(Address of Principal Executive Offices)
215 Apolena Avenue
Newport Beach, California 92662
(Former Address of Principal Executive Offices)
815-356-7504
(Registrant's Telephone Number)
ITEM 3.02 Unregistered Sales of Equity Securities
On December 21, 2012, IIM Global Corporation (formerly Silverwood
Acquisition Corporation) (the "Registrant" or the "Company") issued
1,000,000 shares of its common stock pursuant to Section 4(2) of the
Securities Act of 1933 at par representing 67% of the total outstanding
1,500,000 shares of common stock.
ITEM 5.01 Changes in Control of Registrant
On December 20, 2012, the following events occurred which resulted in
a change of control of the Registrant:
1. The Registrant redeemed an aggregate of 19,500,000 of the then
20,000,000 shares of outstanding stock at a redemption price of $.0001
per share for an aggregate redemption price of $1,950.
2. The then current officers and directors resigned.
3. New officer(s) and director(s) were appointed and elected.
The disclosure required by Item 5.01(a)(8) of Form 8-K was previously
filed with the Securities and Exchange Commission on Form 10-12G filed on
November 9, 2011 as supplemented by the information contained in Annual
Report on Form 10-K filed March 28, 2012, the Form 10-Q filed on November 1,
2012 and this report.
The Registrant anticipates that it will enter into a business combination
with Innovation in Motion, Inc., a private company operating in two technology
fields: the handheld identification market and mobile payment market. The
private company has a range of state-of-the-art products in these fields and
has begun serious market penetration with the sale and placement of units.
ITEM 5.02 Departure of Directors or Principal Officers; Election of
Directors
On December 20, 2012, James M. Cassidy resigned as the Registrant's
president, secretary and director.
On December 20, 2012, James McKillop resigned as the Registrant's
vice president and director.
On December 20, 2012, David S. Jones was named as the director of
the Registrant.
On December 20, 2012, David S. Jones was appointed President, Secretary
and Treasurer of the Registrant.
David S. Jones has been in global business management in all regions of
the world including global management of company personnel and contractor/
partner relationships. He has served as a board member on joint ventures
operating in Beijing, China, Bangalore, India and Perth, Australia. He has
served in sales, field service, marketing, finance, engineering, business
development and other areas with a particular expertise in joint venture
management. From 1986 through 2007, Mr. Jones worked for Motorola, Inc. with
various systems and operations and development positions retiring as Vice
President for Global Service Delivery Operations responsible for global
delivery of all technical call center services, network operations centers,
secure operation center, technical training and services business development.
He served as a board member for the joint venture between Motorola and WiPro
in Bangalore, India. From 2007 to 2010, Mr. Jones was Vice President and
General Global Services Manager for Intermec Technologies, Inc., Everett,
Washington. Mr. Jones was responsible for Intermec's global business including
margin improvement and revenue growth, sales, third party services, marketing
finance, call centers, parts sales and professional services. From 2010 to
2011, Mr. Jones served as a consultant to large and small manufacturers and
in 2011 Mr. Jones established Innovation in Motion Inc. which has grown from
a start-up in 2011 to an estimated pre-tax revenue of $7,6 million.
Mr. Jones received his Bachelor of Science in Civil Engineering degree
from Rose Hulman Institute of Technology, Terre Haute, Indiana and his Masters
in Business Administration degree from Baldwin Wallace College, Berea, Ohio.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunder duly authorized.
IIM GLOBAL CORPORATION
Date: December 21, 2012 /s/ David S. Jones
President
