MOUNTAIN TOP PROPERTIES, INC. appointed new CEO

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.


On November 1, 2023, Anthony Lombardo resigned as Chief Executive Officer of Mountain Top Properties, Inc. (the "Company"). Mr. Lombardo remains as the Company's Chief Financial Officer, Secretary and Director

Her resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

On November 1, 2023, the stockholders of the Company holding a majority in interest of the Company's voting equity, approved by written consent and the members of the board of directors of the Company, and approved by unanimous written consent, the appointment of Beau Kelley as its Director, and appointed him as its new Chief Executive Officer.

Mr. Kelley grew up in the Hamptons working for his family's building business. After graduating from the University of North Carolina at Charlotte in 2002, he served as an officer, director, consultant, and founder of several public, private and non-profit enterprises. He began his career buying and selling homes while working with a venture capital firm which provided private capital and hands on business development services, where he later became a partner. The firm managed principal capital and worked with clients to implement aggressive growth strategies. Through that company he purchased a software company, an environmental remediation company, three hotels with restaurants and taverns, dozens of residential and commercial properties and a 132,000 sqft industrial building. That company was able to leverage its real estate assets into investments into distressed, foreclosure, pre-foreclosure and other assets.