---
schema_version: "secwatch.filing_event.v1"
accession: "0001393905-23-000412"
form_type: "8-K"
ticker: "STME"
cik: "0001493712"
company_name: "Stimcell Energetics Inc."
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:29:47.633638+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cell MedX settles $1.62M debt with 231.8M shares at $0.007; new CEO David Jeffs appointed

## Summary
- Dwayne Yaretz resigns as CEO, Brad Hargreaves resigns as VP of Tech & Ops; both remain directors.
- David Jeffs appointed new CEO; Jeffs and Amir Vahabzadeh appointed to the board.
- Debt of $1,622,693 settled with 231,813,310 shares at $0.007/share.
- Post-settlement, Jeffs and family hold ~40%; Vahabzadeh and spouse hold ~29% of shares.
- Completion of debt settlement will result in a change in control of Cell MedX.

## SEC filing metadata
- accession: 0001393905-23-000412
- form_type: 8-K
- ticker: STME
- cik: 0001493712
- company_name: Stimcell Energetics Inc.
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 5.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1493712/000139390523000412/0001393905-23-000412-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1493712/000139390523000412/cmxc-20231212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-23-000412
- JSON: https://secwatch.observer/filing/0001393905-23-000412.json
- Plain text: https://secwatch.observer/filing/0001393905-23-000412.txt

## Key facts
- Executive change
  David Jeffs was appointed as Director at Stimcell Energetics Inc..
  - Action: appointed
  - Role: Director
  source text: the Company's board of directors was increased to seven (7) directors by the appointment of Mr. Jeffs and Mr. Amir Vahabzadeh as directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493712/000139390523000412/0001393905-23-000412-index.htm
- Executive change
  Brad Hargreaves resigned as Vice President of Technology and Operations at Stimcell Energetics Inc..
  - Action: resigned
  - Role: Vice President of Technology and Operations
  source text: Mr. Brad Hargreaves resigned as Vice President of Technology and Operations of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493712/000139390523000412/0001393905-23-000412-index.htm
- Executive change
  Amir Vahabzadeh was appointed as Director at Stimcell Energetics Inc..
  - Action: appointed
  - Role: Director
  source text: the Company's board of directors was increased to seven (7) directors by the appointment of Mr. Jeffs and Mr. Amir Vahabzadeh as directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493712/000139390523000412/0001393905-23-000412-index.htm
- Executive change
  Dwayne Yaretz resigned as Chief Executive Officer at Stimcell Energetics Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On December 12, 2023, Mr. Dwayne Yaretz resigned as Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493712/000139390523000412/0001393905-23-000412-index.htm
- Executive change
  David Jeffs was appointed as Chief Executive Officer at Stimcell Energetics Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On December 12, 2023, Mr. David Jeffs was appointed as Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493712/000139390523000412/0001393905-23-000412-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.