leadership
confidence high
sentiment negative
materiality 0.65
CFO/COO resigns; CEO gets 8.6M shares, ex-CFO gets 6.2M shares for accrued pay
CORETEC GROUP INC.
- Matthew L. Hoffman resigned as CFO, COO and all positions effective June 2, 2024, to take CFO role elsewhere; no disagreement.
- Hoffman received 6,208,242 shares under 2023 Equity Incentive Plan for accrued liabilities and services through resignation.
- CEO Matthew Kappers received 8,647,194 shares under same plan for accrued liabilities and services through April 30, 2024.
- Hoffman will assist with transition on a consultant basis.