Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
James McClinton submitted his resignation as a Director, Chief Financial Officer
and Chief Operating Officer of Capstone Companies, Inc. ("Company") and as a
director and Chief Financial Officer of Capstone Industries, Inc., a
wholly-owned subsidiary of the Company, which resignation is effective as of
November 30, 2022. Mr. McClinton's notice of intent to resign was received by
the Company on November 16, 2022. His resignation is due to personal health
reasons. Mr. McClinton has no disagreement with the Company on any matter
relating to its operations, policies or practices.
Company is in the process of engaging personnel to handle the duties of chief
financial officer while searching for a permanent new Chief Financial Officer.
The Company intends to operate with a four remaining directors for the
foreseeable future.
Attached as Exhibit 99.1 is Mr. Clinton's resignation letter.
Item 9.01. Financial Statements and Exhibits.
EXHIBIT NUMBER EXHIBIT DESCRIPTION
99.1 Resignation letter of James McClinton, dated November 20, 2022
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