Digerati CEO Arthur L. Smith takes temporary medical leave; Executive Chairman Craig K. Clement appointed interim CEO

Digerati Technologies, Inc.

CEO Arthur L. Smith's temporary medical leave effective October 6, 2023 due to recent surgery.
Executive Chairman Craig K. Clement named interim CEO during Smith's absence; Clement has served on board since 2014.
Board increased Clement's compensation by $2,500/month for the interim CEO role.
Company states 'business as usual' citing strength of President Derek Gietzen and CFO Antonio Estrada.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Craig K. Clement

interim Chief Executive Officer

DTGI · Digerati Technologies, Inc.

Effective: 2023-10-06
Filed: October 6, 2023, 7:59 PM ET

On October 6, 2023, the Board of Directors of the Company (the “Board”) appointed Craig K. Clement, the current Executive Chairman of the Company, as interim CEO during Mr. Smith’s temporary medical leave of absence.

Departed

Arthur L. Smith

Chief Executive Officer

DTGI · Digerati Technologies, Inc.

Effective: 2023-10-06
Successor: Craig K. Clement
Filed: October 6, 2023, 7:59 PM ET

On October 6, 2023, Arthur L. Smith, the Chief Executive Officer (“CEO”) of Digerati Technologies, Inc. (the “Company”), notified the Company that he will take a temporary medical leave of absence from his role as CEO, effective immediately, in connection with his recent surgery.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Craig K. Clement was appointed as interim Chief Executive Officer at Digerati Technologies, Inc..

Action: appointed
Role: interim Chief Executive Officer

Exact text from the filing

On October 6, 2023, the Board of Directors of the Company (the “Board”) appointed Craig K. Clement, the current Executive Chairman of the Company, as interim CEO during Mr. Smith’s temporary medical leave of absence.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Arthur L. Smith departed as Chief Executive Officer at Digerati Technologies, Inc..

Action: took a temporary medical leave of absence
Role: Chief Executive Officer

Exact text from the filing

On October 6, 2023, Arthur L. Smith, the Chief Executive Officer (“CEO”) of Digerati Technologies, Inc. (the “Company”), notified the Company that he will take a temporary medical leave of absence from his role as CEO, effective immediately, in connection with his recent surgery.

View on SEC.gov

Digerati Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001013762-23-002350

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.