secwatch.observer — SEC 8-K summary
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Issuer:     Securetech Innovations, Inc. (SCTH)
CIK:        0001703157
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001017386-22-000491
Event type: leadership
Sentiment:  negative
Materiality: 0.55
Item codes: 5.02, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703157/000101738622000491/0001017386-22-000491-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703157/000101738622000491/scth_2022oct31-8k.htm
  HTML page:      https://secwatch.observer/filing/0001017386-22-000491

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer