CEO dispute: Kim claims appointment as interim CEO; incumbent Kang disputes validity

Global Interactive Technologies, Inc.

TaeHoon Kim (CTO) cites board resolution 24-01 removing CEO Kang and naming him interim CEO/President, effective Feb 25, 2024.
Changhyuk Kang contests resolution, alleging irregular board meeting and invalid vote; denies resignation.
Resolution cites performance failures: non-payment of staff/vendors, non-responsive to board, share price collapse, Nasdaq deficiency notice (Feb 5, 2024).
Independent director Arum Ahn objected; directors John Morris and Jay Woo affirmed; Kang warns of procedural violations.
Governance crisis as multiple conflicting emails sent directly to shareholders.

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