Optimus Healthcare terminates CEO John Sganga for cause; appoints Cliff Saffron as interim CEO

Optimus Healthcare Services, Inc.

CEO John Sganga terminated for cause effective July 27, 2023; no severance payments.
Cliff Saffron (COO and General Counsel) appointed President and Interim CEO same day.
Saffron's base salary is $214,000/yr, eligible for annual bonus up to 50% of base.
Saffron holds options for 290,000 shares at $1.80-$1.85, vesting over 4 years.
If Saffron terminated without cause or resigns for good reason, he gets 12 months pay plus immediate vesting.

item 5.02

Executive movements

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Departed (interim)

John Sganga

chief executive officer

Optimus Healthcare Services, Inc.

Effective: 2023-07-27
Successor: Cliff Saffron
Filed: August 2, 2023, 7:59 PM ET

On July 27, 2023, Optimus Healthcare Services, Inc. (the “Company”), terminated John Sganga as chief executive officer and all other officer positions, effective immediately.

Appointed (interim)

Cliff Saffron

President and Interim Chief Executive Officer

Optimus Healthcare Services, Inc.

Effective: 2023-07-27
Filed: August 2, 2023, 7:59 PM ET

On July 27, 2023, Cliff Saffron, the current Chief Operating Officer and General Counsel of the Company, was appointed as the President and Interim Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

John Sganga was terminated as chief executive officer at Optimus Healthcare Services, Inc..

Action: terminated
Role: chief executive officer

Exact text from the filing

On July 27, 2023, Optimus Healthcare Services, Inc. (the “Company”), terminated John Sganga as chief executive officer and all other officer positions, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Cliff Saffron was appointed as President and Interim Chief Executive Officer at Optimus Healthcare Services, Inc..

Action: appointed
Role: President and Interim Chief Executive Officer

Exact text from the filing

On July 27, 2023, Cliff Saffron, the current Chief Operating Officer and General Counsel of the Company, was appointed as the President and Interim Chief Executive Officer of the Company.

View on SEC.gov

Source: SEC EDGAR

accession 0001213900-23-062428

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