TXHoldings.com - TX Holdings

Item 5.02 Appointment of Principal Officers

On June 11, 2009, Rob Hutchings resigned effective immediately as President of TX Holdings, Inc. but will remain on in his position on the board as Director. Upon receipt of Mr. Hutchings resignation, Richard "Rick" Novack, a long time shareholder of the Company, was appointed as President. Rob Hutchings maintaining the Director position will help to allow a seamless transition for the Company.

Richard "Rick" Novack, age 50, is a graduate from Indiana University of Pennsylvania and holds a Bachelor of Science degree in Business Administration with a heavy concentration in corporate accounting. Mr. Novack began his career in finance with a major telecommunications company, and later began using his entrepreneurial spirit, starting several new business enterprises, including businesses in the printing, vending and real estate industries. In the past 10 years Mr. Novack has been an active investor in the oil and gas industry.