other_material
confidence high
sentiment neutral
materiality 0.75
CEO Kim Southworth receives preferred share granting 60% voting control, triggering change of control
Cyber Enviro-Tech, Inc.
- Issued one share of Special 2025 Series A Preferred Stock to CEO for no cash consideration.
- Preferred stock carries 60% of total voting power; no economic rights or conversion features.
- Change in control occurred March 11, 2026, as CEO now controls majority voting power.
- Prior 2020 convertible preferred stock was acquired and held as treasury; newly designated share eliminates conversion and economic rights.
- Certificate of Designation filed with Wyoming Secretary of State on March 9, 2026.
item 3.02item 5.01item 5.03item 9.01