Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 21, 2021, the board of directors accepted the resignations of Timothy
Rogers as Chief Executive Officer and Seamus McAuley as Chief Commercial
Also on June 21, 2021, we have appointed the following officers and directors:
Tim Rogers as the Chairman of the Board, Colin Stott as Chief Operating Officer
and Director, and Seamus McAuley as Chief Executive Officer.
Timothy Paul Rogers - Director /Chairman - Age 57
The employment history for Mr. Rogers is contained in Form 10-KT filed with the
SEC on June 9, 2021.
Seamus McAuley - Chief Executive Officer- Age 45
The employment history for Mr. McAuley is contained in Form 10-KT filed with the
SEC on June 9, 2021.
Colin Stott - Chief Operating Officer and Director - Age 54
From November 2020 - present, Mr. Stott has been Founder and Chief Executive
Officer of Phytotherapeutix Holdings Ltd. From April 2019 - present, Mr. Stott
has been Founder and Chief Executive Officer of Phytotherapeutix Ltd. From July
1, 2019 - December 1, 2020, he served as Chief Operating Officer for Alinova
Biosciences Ltd. From June 1, 2017 - May 31, 2019, he served as Scientific
Affairs Director, International Division for GW Pharmaceuticals plc. From
January 2001 - May 31, 2017, he was R & D Operations Director for GW
Aside from the following, none of our new officers has had any material direct
or indirect interest in any of our transactions or proposed transactions over
the last two years. On January 19, 2021, we entered into a Stock Purchase
Agreement with ABTI Pharma Limited, a company registered in England and Wales
("ABTI Pharma"), pursuant to which we acquired all of the outstanding shares of
capital stock of ABTI Pharma from its shareholders in exchange for 600,000,000
shares of our company pro rata to the ABTI Pharma shareholders.
Also, we plan to enter into employment agreements with our executive officers
once we raised sufficient capital to meet the financial obligations under those
There are no family relationships between any of the foregoing appointees and
any of our directors or executive officers.
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