SATT 8-K
Sativus Tech Corp. (SATT)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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ITEM 5.02 – DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On April 4th, 2022, the Company appointed Ms. Tal Wilk-Glazer as Director and CEO of the Company. Gadi Levin stepped down as CEO and remains Director and CFO. On the same day, Moshe Bar Siman Tov and Iris Ginsburg resigned from their positions as Directors. Their resignation was not the result of any disputes with the Company.
Tal Wilk-Glazer, 45, is CEO of Sativus Tech’s wholly owned subsidiary Saffron Tech, where she established the company’s first operating R&D facility. She also spear-headed the joint venture with Naveh Pharma to develop and distribute saffron-based food supplements & beauty products. Ms. Glazer has over 20 years of extensive experience in leading worldwide technological projects, focusing on information technology and telecommunications industries. Tal filled a series of executive positions in Africa and East Europe Regional Director at Salesforce, the global leader in CRM cloud digital transformation. Ms. Glazer also served as a Regional Director at Vlocity, a leading provider of industry-specific cloud software. Ms. Glazer previously filled a series of management positions at Cvidya, Ectel, and Amdocs. Tal obtained her BSc.Med from The Hebrew University in 1999, and MBA from The Technion in 2003.
Item 9.01 – Exhibits
(d) Exhibits.
| 99.1 | Resignation of Moshe Bar Siman Tov. | |
| 99.2 | Resignation of Iris Ginsburg. | |
| 99.3 | Appointment of Tal Wilk-Glazer as Director and CEO. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
1
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.
Date: April 8th, 2022
| SATIVUS TECH CORP. | |
| /S/ Tal Wilk-Glazer |
| By: | Tal Wilk-Glazer, CEO |
2
Exhibit 99.1
Resignation of Moshe Bar Siman Tov
as Director
of
SATIVUS TECH CORP.
The following is a true copy of the Resignation as Director of the Corporation, as of this 4th day of April, 2022;
WHEREAS the undersigned was appointed as Director of the Corporation and has served in said capacity to date, he has determined at this time to formally RESIGN and renounce all further corporate designation or affiliation with SATIVUS TECH CORP. and hereby formally RESIGNS, and severs any and all officials ties, duties, obligations or liabilities regarding SATIVUS TECH CORP., and does hereby, by affixing, his signature hereto, officially as his last corporate act, DOES HEREBY RESIGN. This Resignation is not the result of any dispute with management. The Board shall choose a new Director at a time and place of its choosing.
| DATED: 4th April, 2021 | |
| Mosh Bar Simon Tov |
Exhibit 99.2
Resignation of Iris Ginsburg
as Director
of
SATIVUS TECH CORP.
The following is a true copy of the Resignation as Director of the Corporation, as of this 4th day of April, 2022;
WHEREAS the undersigned was appointed as Director of the Corporation and has served in said capacity to date, he has determined at this time to formally RESIGN and renounce all further corporate designation or affiliation with SATIVUS TECH CORP. and hereby formally RESIGNS, and severs any and all officials ties, duties, obligations or liabilities regarding SATIVUS TECH CORP., and does hereby, by affixing, his signature hereto, officially as her last corporate act, DOES HEREBY RESIGN. This Resignation is not the result of any dispute with management. The Board shall choose a new Director at a time and place of its choosing.
| DATED: 4th April, 2021 | |
| Iris Ginsburg |
Exhibit 99.3
THE BOARD OF DIRECTORS
OF
SATIVUS TECH CORP.
The following is a true copy of the resolution duly adopted by the Board of Directors of this Corporation at a special meeting, notice to this meeting having been waived, held on this 4th day of April, 2022;
The Board of Directors which was present for this meeting & took active part therein was:
GADI LEVIN
SHMUEL YANNAY
AVRAHAM STERN
WHEREAS there has been presented to and considered by this meeting a Motion to appoint Tal Wilk-Glazer as Director & CEO of the Company;
NOW THEREFORE BE IT RESOLVED that the corporation having considered this matter, has opened the floor to all those who voice a preference in the issue, and pursuant to DGCL §141, the Directors unanimously has RESOLVED:
That TAL WILK-GLAZER is hereby appointed as Director and CEO of the Company and has accepted said nomination.
Said Motion is hereby passed and the corporate books, records and the Secretary shall file this Resolution in the corporate records
| DATED: 4th April, 2022 | |
| /s/ David E. Price | |
| David E. Price, Secretary, Corp Counsel |