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; Compensatory Arrangement of Certain Officers.
On February 28, 2022, Cyberloq Technologies, Inc., a Nevada corporation (the “Company”) and Mark Carten entered into a separation agreement as a result of which Mr. Carten is no longer an employee of the Company. In addition, the separation agreement includes resignations of Mr. Carten from his positions as the Chief Technology Officer of Company and as a director of the Company effective February 28, 2022. Pursuant to the separation agreement, the Company is redeeming all of Mr. Carten’s common and preferred shares in the Company at a set redemption price of $0.10 per share. Mr. Carten’s resignation did not involve any disagreement with the Company, the Company’s management or the Board of Directors. Mr. Carten did not serve on any committees of the Board of Directors as no such committees existed at such time. On February 28, 2022, the Company provided Mr. Carten a draft of this document.
On February 28, 2022 the Board of Directors of the Company (the “Board”) decided to reduce the number of directors of the Company to four.
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.
CYBERLOQ TECHNOLOGIES, INC. (Registrant) | ||
| By: | /s/ Christopher Jackson | |
| Christopher Jackson, President | ||
| Date: February 28, 2022 | ||