secwatch.observer — SEC 8-K summary
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Issuer:     OZOP ENERGY SOLUTIONS, INC. (OZSC)
CIK:        0001679817
Form:       8-K
Filed at:   2021-07-19T23:59:59+00:00
Accession:  0001493152-21-017209
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ozop repurchases $11.25M in preferred shares from Cathy Chis; control shifts to CEO Brian Conway
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- Repurchased 47,500 Series C and 18,667 Series D preferred shares from Catherine Chis for $11.25M cash.
- Chis resigned as president and sole director of subsidiary Power Conversion Technologies, Inc. effective July 16, 2021.
- Chis subject to 5-year non-compete and non-solicit worldwide; mutual releases and non-disparagement.
- Voting control transferred from Chis to CEO Brian Conway via his Series C preferred stock ownership.
- William Yargeau appointed president and director of PCTI upon closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679817/000149315221017209/0001493152-21-017209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679817/000149315221017209/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-017209

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer