SecureTech terminates VP of Sales Ken Salway for unmet sales quotas; cancels 1.5M options

Securetech Innovations, Inc.

Ken Salway terminated as VP of Sales on October 31, 2022 for failing to meet minimum sales quotas.
Salway had served as VP of Sales from May 16, 2022 to October 31, 2022.
SecureTech canceled 1,500,000 unvested stock options held by Salway at $1.35/share.
As of November 8, 2022, SecureTech has no remaining options outstanding.

item 5.02 item 3.02

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Departed

Ken Salway

Vice President of Sales

SCTH · Securetech Innovations, Inc.

Effective: 2022-10-31
Filed: November 8, 2022, 6:59 PM ET

On October 31, 2022, SecureTech Innovations, Inc. (“SecureTech”) terminated the employment of Ken Salway for failure to meet minimum sales quotas.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Ken Salway was terminated as Vice President of Sales at Securetech Innovations, Inc..

Action: terminated
Role: Vice President of Sales

Exact text from the filing

On October 31, 2022, SecureTech Innovations, Inc. (“SecureTech”) terminated the employment of Ken Salway for failure to meet minimum sales quotas.

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Source: SEC EDGAR

accession 0001017386-22-000491

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