Sky Century Investment, Inc 8-K, filed Oct 21, 2026
Sky Century Investment, Inc. (SKYI)
About this 8-K
Sky Century Investment, Inc filed this 8-K on October 21, 2026, reporting on events of October 15, 2026.
Sky Century Investment, Inc. completed Nataliia Petranetska’s conversion of $205,000 in accrued salary into 4,100,000 common shares at $0.05 per share on October 16, 2026, increasing shares outstanding to 14,229,357. AI summary
Items reported
- Item 3.02: Unregistered sale of equity
- 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
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
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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 (see General Instructions A.2. below):
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Item 3.02.Unregistered Sales of Equity Securities.
On October 15, 2026, the Board of Directors (the “Board”) of Sky Century Investment, Inc. (the “Company”) approved the conversion of $205,000 of accrued and unpaid salary owed to Nataliia Petranetska, the Company's President, Chief Executive Officer and a member of the Board, into shares of the Company's common stock pursuant to the Amendment to the Compensation Agreement dated December 1, 2020, as amended on July 1, 2026 (the “Compensation Agreement”).
Pursuant to the approved conversion, the Company may issue an aggregate of 4,100,000 shares of its common stock to Nataliia Petranetska at a conversion price of $0.05 per share in full satisfaction of the corresponding salary obligation. The issuance is subject to the terms of the Compensation Agreement, applicable corporate approvals and applicable securities laws. The shares of common stock, if issued, will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and will be issued in reliance upon an available exemption from the registration requirements of the Securities Act.
As of the date of this report, the Company would have 14,229,357 shares of common stock issued and outstanding following the issuance. As of the date of this report, the conversion has been completed, and an aggregate of 4,100,000 shares of the Company’s common stock have been issued to Nataliia Petranetska in settlement of the corresponding accrued and unpaid salary obligation.
The foregoing description of the transaction is qualified in its entirety by reference to the Amendment to the Compensation Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 5.02(e)Compensatory Arrangements of Certain Officers.
On July 1, 2026, Sky Century Investment, Inc. (the “Company”) entered into an Amendment to the Compensation Agreement dated December 1, 2020, with Nataliia Petranetska, the Company’s President and Chief Executive Officer, providing her with the right, subject to prior approval by the Company’s Board of Directors, to convert all or a portion of her accrued and unpaid salary into shares of the Company’s common stock.
On October 15, 2026, the Board approved the conversion of $205,000 in accrued and unpaid salary into 4,100,000 shares of the Company’s common stock at a conversion price of $0.05 per share. The conversion was completed on October 16, 2026, and the shares were issued to Ms. Petranetska in full satisfaction of the corresponding salary obligation.
The foregoing description is qualified in its entirety by reference to the Amendment to the compensation agreement, filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description |
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Amendment to the Compensation Agreement dated July 1, 2026 between Sky Century Investment, Inc. and Nataliia Petranetska |
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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 thereunto duly authorized.
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Date: October 21, 2026 | By: | /s/ Nataliia Petranetska |
| Name: | Nataliia Petranetska |
| Title: | President, Director, Treasurer & Chief Executive and Financial Officer |
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AMENDMENT TO THE COMPENSATION AGREEMENT
This Amendment to the Compensation Agreement (the “Amendment”) is made and entered into effective as of July 1, 2026 (the “Effective Date”), by and between Sky Century Investment, Inc., a Nevada corporation (the “Company”), and Nataliia Petranetska, an individual (“Director”).
WHEREAS, the Company and the Director entered into a Compensation Agreement dated December 1, 2020 (the “Agreement”); and
WHEREAS, the parties desire to amend Section 4 of the Agreement to reflect an increase in the Director’s Base Salary, provide for the potential conversion of accrued salary into shares of the Company’s common stock, subject to the approval of the Company’s Board of Directors, and clarify the Company’s discretion to award additional bonuses;
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Amendment to Section 4 (Salary)
Effective as of July 1, 2026, Section 4 of the Agreement is hereby deleted in its entirety and replaced with the following:
“4. Salary and Additional Compensation
4.1. Base Salary.
As compensation for the performance of the Director’s services hereunder during the Employment Period, the Company shall pay the Director a base salary at a rate of $10,000 per month (the “Base Salary”), payable in accordance with the Company’s standard payroll policies and applicable law. The Base Salary can be reviewed annually and may be adjusted at the discretion of the Company’s Board of Directors (the “Board”).
4.2. Conversion of Accrued Salary into Common Stock.
At the Director’s written request, all or any portion of the Base Salary accrued and payable to the Director, whether outstanding at the time of such request or accruing thereafter, may be converted into shares of the Company’s common stock, subject to the prior approval of the Board. Any such conversion shall be subject to the terms and conditions approved by the Board, including the applicable conversion price, the number of shares to be issued, and the timing of issuance. No conversion shall be effective, and no shares shall be issued, unless and until the Board has approved the conversion and all applicable corporate and securities law requirements have been satisfied. The Company shall have no obligation to convert any accrued salary into shares of common stock unless such conversion has been duly approved by the Board.
4.3. Discretionary Bonus.
In addition to the Base Salary, the Company may, at its sole discretion and subject to Board approval, award the Director a cash bonus, a bonus payable in shares of the Company’s common stock, or a combination thereof, in recognition of the Director’s services, performance, contributions, or other criteria determined by the Board. The amount, form, timing, and terms of any such bonus shall be determined by the Board. No bonus shall be deemed earned, payable, or guaranteed unless and until it has been duly approved in accordance with the Company’s applicable policies and procedures. Any bonus payable in shares of common stock shall be subject to applicable corporate approvals, securities laws, and any additional terms established by the Board.”
2. No Other Modifications
Except as expressly amended or modified by this Amendment, all other terms, conditions, and provisions of the Agreement dated December 1, 2020, shall remain in full force and effect. In the event of a conflict between the terms of this Amendment and the terms of the Agreement, the terms of this Amendment shall prevail.
3. Entire Agreement
This Amendment, together with the Compensation Agreement dated December 1, 2020, and the underlying Employment Agreement dated July 30, 2020, constitutes the entire understanding between the parties with respect to the subject matter hereof.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the Effective Date set forth above.
Date: July 1, 2026
Sky Century Investment, Inc. (the “Company”)
Signature: /s/ Stefan Andrzej Rybalka Signature: /s/ Patryk Milkowski
By: Stefan Andrzej Rybalka By: Patryk Milkowski
Title: Independent Director Title: Independent Director
President, Treasurer and Director
Signature: /s/ Nataliia Petranetska
Name: Nataliia Petranetska