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4-Traders Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Green EnviroTech Holdings Corp    GETH

GREEN ENVIROTECH HOLDINGS CORP (GETH)
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GREEN ENVIROTECH HOLDINGS CORP. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

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01/30/2018 | 12:17pm CEST

ITEM 5.02-DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;

APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

On January 30, 2018, Green EnviroTech Holdings Corp. announced that Gary De Laurentiis will resign as our chief financial officer. Mr. De Laurentiis will remain as our Secretary-Treasurer and Chairman of our board of directors.

Our new chief financial officer will be Hernan Rizo, 43. Mr. Rizo has been the president of The CFO Group, an interim and permanent chief financial officer services organization since 2015, has also been the chief financial officer of Tatum, a financial and technology consulting and advisory firm since 2008, and was the chief financial officer of Fleetserve LLC from 2012 to 2014. In his work with The CFO Group, he has served as the chief financial officer of a number of entities, including Real Estate Acquisition Development Sales, LLC, the entity that has provided us with a lease and working capital credit facility. Mr. Rizo has a BS in finance and accounting from Externado University of Colombia and an MBA from the University of Texas at Arlington.

Mr. Rizo will receive a salary of $240,000 per year, the majority of which will be accrued rather than paid until we are financially able to pay salaries. Additionally, he will be eligible for bonuses, computed quarterly and paid no less frequently than annually, based on the performance of the company and on his own performance. Upon his engagement with us, we granted to Mr. Rizo an option to purchase 250,000 shares of our common stock at an exercise price of $0.10 per share, vesting monthly over a four-year period.

                  ITEM 9.01-FINANCIAL STATEMENTS AND EXHIBITS


The following is filed as an exhibit to this report:


Exhibit
Number*              Title of Document               Location
Item 99   Miscellaneous
 99.01      Press release dated January 30, 2018     Attached





* All exhibits are numbered with the number preceding the decimal indicating the

applicable SEC reference number in Item 601 and the number following the

decimal indicating the sequence of the particular document.

2

© Edgar Online, source Glimpses

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Green EnviroTech Holdings  Technical Analysis Chart | GETH | US39303B2060 | 4-Traders
Managers
NameTitle
Christopher P. Bowers President, Chief Executive Officer & Director
Gary M. de Laurentiis Chairman, Secretary & Treasurer
Hernan Rizo Chief Financial Officer
Chris Smith Director
Wayne Leggett Vice President-Finance
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