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 19, 2013
Date of Report
(Date of Earliest Event Reported)
NEXUS RESOURCES CORPORATION
(Exact Name of Registrant as Specified in its Charter)
CHERRY RUN ACQUISITION CORPORATION
(Former Name of Registrant as Specified in its Charter)
Delaware 000-55070 46-3558661
(State or other (Commission File Number) (IRS Employer
jurisdiction Identification No.)
of incorporation)
11555 Heron Bay Boulevard
Suite 200
Coral Springs, Florida 33076
(Address of Principal Executive Offices)
215 Apolena Avenue
Newport Beach, California 92662
(Former Address of Principal Executive Offices)
202-387-5400
(Registrant's Telephone Number)
ITEM 3.02 Unregistered Sales of Equity Securities
On December 20, 2013, Nexus Resources Corporation (formerly Cherry
Run Acquisition Corporation) (the "Registrant" or the "Company") issued
19,500,000 shares of its common stock pursuant to Section 4(2) of the
Securities Act of 1933 at par representing 97.5% of the total outstanding
20,000,000 shares of common stock as follows:
19,500,000 Nexus Technology Holdings, LLC
With the issuance of the 19,500,000 shares of stock and the redemption
of 19,500,000 shares of stock (discussed below), the Company effected a change
in its control and the new majority shareholder(s) elected new management of
the Company. The Company may develop its business plan by future acquisitions
or mergers but no agreements have been reached regarding any acquisition or
other business combination. The Company changed its name as part of the change
in control. If the Company makes any acquisitions, mergers or other business
combination, the Company will file a Form 8-K but until such time the Company
remains a shell company.
ITEM 5.01 Changes in Control of Registrant
On December 19, 2013, 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
September 30, 2013 as amended and supplemented by the information contained
in this report.
The Registrant is part of the Nexus Technology Holdings group and its
business focus is to provide technological services offered by its related
companies, namely: turnkey solutions to the electronic funds transfer payments
(EFT) industry throughout North America, Latin America and the Caribbean.
The Registrant anticipates it will serve as the resource company for the
group.The Registrant, together with the Nexus Technology Holdings Group,
anticipates that the group will offer full processor and card management
services, including EFT consulting, PCI data security and quality support
systems.
ITEM 5.02 Departure of Directors or Principal Officers; Election of
Directors
On December 19, 2013, James M. Cassidy resigned as the Registrant's
president, secretary and director.
On December 19, 2013, James McKillop resigned as the Registrant's vice
president and director.
On December 19, 2013, the following individuals were named as directors
of the Registrant:
David Jacobs
Anthony Meiring
Marlon Higgins
On December 19, 2013, the following individuals were appointed to the
offices of the Registrant as listed below:
David Jacobs Chief Executive Officer
Anthony Meiring Chief Technology Officer
David Jacobs serves as the Chief Executive Officer and a director of the
Registrant. Mr. Jacobs has more than 34 years of experience in the financial
and business / retail markets. He is one of the majority owners, principles
and founders of First Matrix Holdings and the Nexus Technology Holdings Group
and has held key senior positions at various electronic funds transfers
companies worldwide. From January 2008 to November 2012, Mr. Jacobs served
as the Executive Vice President of business development at First Matrix
Holdings ("FMH"), a Florida based global payments technology company
specializing in the EFT (ATM/POS/card management/mobile payments), PCI
(data security) and cloud based/resource management and related industries.
He was responsible for developing international business relationships,
promoting the company's product lines and specialized services.
In December, 2012, Mr. Jacobs was appointed President and CEO of FMH. As
president, Mr. Jacobs is responsible for formulating and executing the
company's business strategy by creating, communicating and implementing the
company's vision, mission and business direction as well as overseeing the
complete operation of the company in accordance with the direction
established in the executive strategic plans. Mr. Jacobs holds various
certifications from military, technical and business institutes,
which include amongst others:
University of Cape Town (S.A.) CEE - Certificate in Project Management,
1998
Small Business Development Institute (S.A.) - Business Management
Certificate (Commercial), 1998
Institute of Commercial Management (UK) -Diploma in Business Management,
1997
Business Institute Damelin (S.A.) - Diploma in Business Management, 1996
Computer Users Council (S.A.) - Diploma in Software Development, 1990
University of Witwatersrand Continued Engineering (S.A.) - Certificate
in Continued Engineering, 1986
Witwatersrand Technical College (S.A.) - Certificate in Systems Programming,
1982
Military Academy - SADF - Certification as Non-Commissioned Officer, 1981
Institute of Bankers (S.A..) - Member Certification of IBA, 1979
Van Zyl & Pritchard Technical Institute (S.A.) - Diploma in Software
Development & Design, 1979
Anthony Meiring serves as the Chief Technology Officer and a director of
the Registrant. He has more than two decades of project management, quality
assurance, technical development and planning experience working in unison
with individuals, project teams, and leadership teams. Mr. Meiring has
experience in directing complex technical projects from concept to fully
operational status. Since 2010, Mr. Meiring has served as the Director of
Operations for First Matrix Holdings (FMH) managing design, development,
testing and implementation of software applications for the organization
globally. He was also responsible for FMH's Project Management Office,
which included planning, resource determination, scope and size estimates,
goal establishment, and time and budget oversight. Mr. Meiring contributed
to end-to-end lifecycle strategy holding applications to highest standards
of quality. From 2006 to 2010, Mr. Meiring served as the Head Functional
Analyst at Office Depot in Boca Raton, Florida where he directed quality/
testing functions as well as managing a team of 60 resources to implement
a $250 million Oracle ERP project. His education and certifications include:
UML Certification - Object-Oriented Analysis and Design, 2001
Project Management Certification (S.A.), 1999
City and Guilds of London Institute, U.K. - Certificate in Quality Assurance,
1994
Witwatersrand Technical College (S.A.) - Diploma in Mechanical Engineering
Marlon Higgins serves as a director of the Registrant. Mr. Higgins is
currently the Group Financial Manager/ Chief Financial Officer of Global Bank
of Commerce Ltd. Mr. Higgins serves as a director for Corporate Governance -
the professional organization in the Caribbean region for the advocacy of
training for directors and audit committee members of both public and private
companies. In January 2013, Mr. Higgins was appointed the Group Management-
Finance and Branch Operations for Global Bank of Commerce LTD., a 30-year old
international banking institution in Antigua (West Indies). From 2007 to
December, 2012, Mr. Higgins acted as Principle/Senior Manager for MAH
Consultants, a professional services firm domiciled in Antigua & Barbuda
which offers a wide rate of services to the local business community including
accounting and financial statement review services, outsourced internal audit
services to banking institutions, risk management services, and general
business advisory services. Mr. Higgins also serves as a director and
treasurer for the Antigua & Barbuda Financial Service Compliance Association,
a non-profit organization established for anti-money laundering and financial
service professionals. His education and certifications include:
Antigua State College - Diploma, 1997
University of the West Indies - Bachelors of Science Degree, Accounting
(with Honors), 2000
Guam Board of Accountancy (Guam) Certified Public Accountant (CPA),
2003 Member: Institute of Chartered Accountants of the Eastern
Caribbean (Antigua Branch)
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.
NEXUS RESOURCES CORPORATION
Date: December 20, 2013 /s/ David Jacobs
Chief Executive Officer
