UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01 Entry into a Material Definitive Agreement.
The board of directors of Recruiter.com Group, Inc. (the “Company”) approved the appointment of Granger Whitelaw as the Company’s Chief Executive Officer as of March 7, 2024. On April 3, 2024, the board approved an Executive Compensation Letter Agreement with Mr. Whitelaw (the “Agreement”) whereby the Company shall pay Mr. Whitelaw an initial base salary of $10,000 per month along with a discretionary bonus as determined by the board.
The Company intends to propose a comprehensive, definitive and uniform set of executive employment agreements for Mr. Whitelaw at a later date, but until such time the Agreement sets forth the terms and conditions of Mr. Whitelaw’s engagement and appointment. Further details may be found in the Agreement attached herein as Exhibit 2.1.
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| Executive Compensation Letter Agreement with Granger Whitelaw |
*Exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant hereby agrees to furnish copies of any of the omitted schedules or exhibits upon request of the U.S. Securities and Exchange Commission.
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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.
| Recruiter.com Group, Inc. | ||
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Date: April 5, 2024 | By: | /s/ Miles Jennings | |
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| Miles Jennings |
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| Chief Financial Officer |
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