Sativus Tech Corp 8-K, filed Oct 21, 2025
Sativus Tech Corp. (SATT)
About this 8-K
Sativus Tech Corp filed this 8-K on October 21, 2025, reporting on events of October 19, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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 October 20th, 2025, our Director & CEO Mr. Shmulik Yannay resigned from the Board & his position as CEO. This was not the result of any disagreements with the Company. On the same day, the Board appointed Mr. Michael Oster to replace Mr. Yannay as a Director and CEO. At the same time the Board additionally appointed Mr. Shaul Trabelsi as a Director and Board Member.
Mr. Michael Oster, 53, is a trained attorney who brings decades of C suite experience at the confluence of technology and investment. He is the CEO of Saffron Tech Ltd., a subsidiary of the Company, and has been partner in several international companies in America and abroad. Mr. Oster holds a BA in both Law and Economics from Bar Ilan University (1996).
Mr. Shaul Trabelsi, 47, has served as lead GTRO at Amdocs, an internationally renowned company. Additionally Mr. Trabelsi was Head of Compensation of Price Waterhouse Coopers CPA (Israel). Mr. Trabelsi holds a BA in Economics (2003) and MBA in Finance from Bar Ilan University (2006).
ITEM 9.01 – EXHIBITS.
(d) Exhibits.
| 99.1 | Resignation of Shmulik Yannay. | |
| 104 | Cover Page Interactive Date File - the cover page XBRL tags are embedded within the Inline XBRL document. |
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: October 20th, 2025
|
SATIVUS TECH CORP.
/S/ Michael Oster By: Michael Oster, CEO |
| 2 |
Exhibit 99.1
RESIGNATION OF
THE CEO
OF
SATIVUS TECH CORP. INC.
The following is a true copy of the Secretary of the Corporation, held this 19th day of October, 2025;
WHEREAS the undersigned was appointed as Director and CEO 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. INC. and hereby formally RESIGNS, and severs any and all officials ties, duties, obligations or liabilities regarding SATIVUS TECH CORP. INC., and does hereby, by affixing, his signature hereto, officially as his last corporate act, DOES HEREBY RESIGN.
The Board shall choose a new CEO at a time and place of its choosing.
DATED: 19th October, 2025
/s/ Shmulik Yannay
Shmulik Yannay
SATIVUS TECH CORP.