UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 26, 2024, the Board of Directors (“Board”) of Unicoin Inc., (the “Company”) appointed Robert Newman to serve as a Director on the Board of Directors effective November 26, 2024 and continuing until his replacement by the board of directors or shareholders, or his resignation or removal, if earlier.
Mr. Newman, age 61, is the owner of Glass Systems, Inc., a company he founded in 2000, where he has served as President since 2000. Mr. Newman attended William Paterson University from 1982 through 1985 (no degree earned). Mr. Newman's qualifications to serve on the Board include his 25 years of success as an entrepreneur, as well as his experience in growing a small business, and his unwavering support for the Company and its mission as a shareholder and investor in unicoins.
There are no arrangements or understandings between Mr. Newman and any other persons pursuant to which he was selected as director. There are no family relationships between Mr. Newman and any director or executive officer of the Company, and there are no transactions between Mr. Newman and the Company that would be reportable under item 404(a) of Regulation S-K.
Pursuant to the Company’s non-executive director compensation plan, Mr. Newman will receive 100,000 Unicoin Rights or Unicoins per month for his service on the Board of Directors.
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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.
| UNICOIN INC. | ||
| By: | /s/ Richard Devlin | |
| Name: | Richard Devlin | |
| Title: | Senior Vice President and General Counsel | |
Dated: December 3, 2024
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