Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Offi cers; Compensatory Arrangements of Certain Officers.
On May 11, 2020, the Company entered into an employment agreement with Douglas
Samuelson, effective January 1, 2020, pursuant to which the Company engaged Mr.
Samuelson as chief financial officer for a term ending December 31, 2020, which
continues thereafter on a quarter-to-quarter basis thereafter unless terminated
by either party. Under the agreement, Mr. Samuelson will receive total annual
compensation of $150,000, with a portion in cash and a portion in stock
compensation, as approved by the board of directors. The cash compensation is at
the annual rate of $50,000 for the first three months and at the annual rate of
$100,000 for the balance of the year.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Employment agreement effective as of January 1, 2020 between the
Company and Douglas Samuelson
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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.
Date: May 14, 2020 PreCheck Health Services, Inc.
By: /s/ Justin E. Anderson
Justin E. Anderson
Chief Executive Officer
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