---
schema_version: "secwatch.filing_event.v1"
accession: "0001017386-22-000491"
form_type: "8-K"
ticker: "SCTH"
cik: "0001703157"
company_name: "Securetech Innovations, Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T04:01:28.365005+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001017386-22-000491
- form_type: 8-K
- ticker: SCTH
- cik: 0001703157
- company_name: Securetech Innovations, Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703157/000101738622000491/0001017386-22-000491-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703157/000101738622000491/scth_2022oct31-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001017386-22-000491
- JSON: https://secwatch.observer/filing/0001017386-22-000491.json
- Plain text: https://secwatch.observer/filing/0001017386-22-000491.txt

## Key facts
- Executive change
  Ken Salway was terminated as Vice President of Sales at Securetech Innovations, Inc..
  - Action: terminated
  - Role: Vice President of Sales
  source text: On October 31, 2022, SecureTech Innovations, Inc. (“SecureTech”) terminated the employment of Ken Salway for failure to meet minimum sales quotas.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1703157/000101738622000491/0001017386-22-000491-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.