BICX 8-K
BioCorRx Inc. (BICX)
8-K
2020-03-03
For: 2020-02-26
View Original
Added on
April 06, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Date of Report (Date of earliest event reported):
February 26, 2020
BioCorRx Inc. |
(Exact name of registrant as specified in its charter) |
Nevada | 000-54208 | 90-0967447 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
2390 East Orangewood Avenue, Suite 575
Anaheim, California 92806
(Address of Principal Executive Office) (Zip Code)
(714) 462-4880
(Registrant’s telephone number, including area code)
__________________________________________
(Former Name or Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
None | None | None |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
¨
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of New President
On February 26, 2020, Brady Granier, the President and Chief Executive Officer of BioCorRx Inc. (the “Company”) resigned from his position as President of the Company (the “President’s Resignation”), effective immediately. Mr. Granier will remain with the Company in his capacity as Chief Executive Officer and a member of the Board of Directors of the Company (the “Board”).
On February 26, 2020, in connection with the President’s Resignation, the Board appointed Lourdes Felix, Chief Financial Officer, the new President of the Company, effective immediately. In connection with her appointment as President, Ms. Felix resigned from her position as Chief Operating Officer, effective immediately. Ms. Felix will continue to hold the position of Chief Financial Officer and remain a member of the Board.
Item 8.01.
Other Events.
On March 2, 2020, the Company issued a press release announcing Ms. Felix’s promotion along with other business updates. A copy of the press release is attached as Exhibit 99.1 hereto.
Item 9.01.
Financial Statements and Exhibits.
Exhibit No. | Description | |
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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, hereunto duly authorized.
BioCorRx Inc. | |||
Date: March 3, 2020 | By: | /s/ Lourdes Felix | |
Lourdes Felix | |||
Chief Financial Officer | |||
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EXHIBIT 99.1
March 2, 2020
BioCorRx Announces Senior Management Promotions
Lourdes Felix Promoted to President
Tom Welch Promoted to Executive Vice President
ANAHEIM, CA, March 02, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BioCorRx Inc. (OTCQB: BICX) (the “Company”)
, a developer and provider of advanced solutions in the treatment of substance use and related disorders to help save lives and improve health, today announced the promotions of Lourdes Felix to President and Tom Welch to Executive Vice President, effective immediately. Ms. Felix will retain her role as Chief Financial Officer and member of the board of directors. Previously, Mr. Welch served as Vice President of Operations.Brady Granier, CEO, and Director of BioCorRx, Inc., stated, “We are pleased to recognize Lourdes’ and Tom's leadership and vital contributions to our organization as we position BioCorRx for future success. We anticipate many catalysts coming up and these key leadership changes were made to accommodate the next phase of BioCorRx’s growth. We recently announced that we were awarded $2.8 million, the second tranche of a National Institute on Drug Abuse (NIDA) grant for the development of BICX102, a sustained release naltrexone implant for the treatment of opioid use disorder. This grant is expected to substantially cover our financial costs towards FDA approval of BICX102 as we go through the development and regulatory process. Lourdes has been a key player in defining and executing BioCorRx's strategic initiatives, including launching our UnCraveRx™ program, which is a medically assisted weight loss management program. She has also been tirelessly and diligently working to enhance the Company’s capital structure in order to position ourselves for growth and prepare for our planned up-listing to a senior exchange. Tom is a recognized leader in our organization, and he has been instrumental in repositioning the BioCorRx® Recovery Program. I am delighted to announce their promotions today, both of which are very well deserved, and look forward to their continued leadership and guidance.”
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About Lourdes Felix
Lourdes has served as BioCorRx’s Chief Financial Officer since October 2012. She has been instrumental in capital procurement, completing multi-million dollar equity financing and accomplished in structuring and negotiating transactions and favorable terms with investment banks and private investors. Lourdes provides oversight for company-wide operations and led the launch of BioCorRx’s UnCraveRx® Weight Loss Management Program. Alongside other key executives of the company, Lourdes rebranded, restructured and expanded the Company’s business model in order to position it for long term growth in the addiction treatment, drug development and weight loss space. She has extensive operational experience with medical clinic and practice management.
Prior to joining BioCorRx her experience was in the private sector, public accounting including audit and public company experience. Ms. Felix has over 25 years of experience in financial and operational management. She has expertise in finance, accounting, company-wide operations, budgeting and internal control principals including GAAP, SEC, and SOX Compliance. Through knowledge of federal and state regulations, she successfully managed and produced SEC regulatory filings. She also has extensive experience in developing and managing financial operations.
Lourdes holds a Bachelor of Science degree in Accounting from University of Phoenix. She continued her education and is an MBA candidate at D’Amore-McKim School of Business, Northeastern University. She is a member of the BioCorRx® Inc. board of directors.
About Tom Welch
Mr. Welch has decades of operating experience. Mr. Welch was a founder and Director of Operations at TAK Healthcare Management from 2012 until 2015. TAK Management was responsible for the streamlining of clinical and financial operations for Start Fresh Alcohol and Opioid Recovery Centers Inc. Mr. Welch led a team that completely reorganized clinic operations. Tom was also successful in negotiating reimbursement with major private insurance corporations across the U.S.
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Prior to his tenure with TAK Management, Mr. Welch created Benchmark Consulting Group LLC in 2001 in Los Angeles, California and expanded into Dallas, Texas in 2005. He has been actively involved in assisting in infrastructure creation including, front and back office management, billing and coding personnel, clinical management and executive teams. Tom was responsible for negotiating multiple partnership agreements and contracts with major medical corporations and as well as the Military and Veterans Administration.
In 2016, Tom was hired as VP of Operations for BioCorRx Inc. where he assisted in creation, training and integration of the BioCorRx Recovery Program. The program was rolled out across the U.S. to independent physicians, integrated medicine and substance use disorder centers. Mr. Welch led the training and implementation of the program nationwide.
About BioCorRx
BioCorRx Inc. (OTCQB: BICX) is an addiction treatment solutions company offering a unique approach to the treatment of substance use and other related disorders. The BioCorRx® Recovery Program is a non-addictive, medication-assisted treatment (MAT) program for substance use; please visit www.beataddiction.com for more information on the BioCorRx Recovery Program. The UnCraveRx™ Weight Loss Program is also a medication assisted program; please visit www.uncraverx.com for more information on UnCraveRx™. The Company also conducts R&D under its controlled subsidiary, BioCorRx Pharmaceuticals. For more information on BICX and product pipeline, please visit www.BioCorRx.com.
Safe Harbor Statement
The information in this release includes forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "estimate," "become," "plan," "will," and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties. Although the Company believes that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof.
Released March 2, 2020
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