secwatch.observer — SEC 8-K summary
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Issuer:     Mitesco, Inc. (MITI)
CIK:        0000802257
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001185185-24-000290
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mitesco appoints three advisors to new Advisory Board; modifies Series X dividend valuation
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- Appointed Kristen Plybon (cybersecurity/data privacy), Nathaniel Wade (cybersecurity/IT), and William Thein (natural CPG) to Advisory Board.
- Each advisor receives $60,000/year in restricted stock at $0.80/share; 75,000 shares each, total 225,000 shares issued.
- Series X Preferred dividend valuation set at $0.80/share since July 2023; 25,013 shares issued for Q1 2024 dividends.
- Effective April 1, 2024, dividend valuation reverts to Certificate of Designation terms using monthly closing price.
- Advisory Board is non-executive, provides non-binding advice; no fiduciary duties or Section 16 obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802257/000118518524000290/0001185185-24-000290-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802257/000118518524000290/mitesco20240320_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-000290

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