---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-017447"
form_type: "8-K"
ticker: "AVX"
cik: "0001826397"
company_name: "AVAX ONE TECHNOLOGY LTD."
filed_at: "2021-07-21T23:59:59+00:00"
generated_at: "2026-06-30T03:51:16.774411+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# AgriForce appoints Mauro Pennella as CMO and President of AgriForce Brands

## Summary
- Mauro Pennella named Chief Marketing Officer and President of AgriForce Brands effective July 15, 2021.
- Base salary of CDN$350,000 per year, subject to annual review; may increase but not decrease.
- Annual stock grant of CDN$150,000 in common shares, issued quarterly at VWAP over prior 5 trading days.
- Eligible for annual cash bonus up to 100% of base salary based on Board-set performance targets.
- Pennella brings 30+ years CPG experience; most recently Chief Growth & Sustainability Officer at McCain Foods.

## SEC filing metadata
- accession: 0001493152-21-017447
- form_type: 8-K
- ticker: AVX
- cik: 0001826397
- company_name: AVAX ONE TECHNOLOGY LTD.
- filed_at: 2021-07-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826397/000149315221017447/0001493152-21-017447-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826397/000149315221017447/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-017447
- JSON: https://secwatch.observer/filing/0001493152-21-017447.json
- Plain text: https://secwatch.observer/filing/0001493152-21-017447.txt

## Key facts
- Executive change
  Mauro Pennella was appointed as Chief Marketing Officer and President of its AgriForce Brands division at AVAX ONE TECHNOLOGY LTD..
  - Action: appointed
  - Role: Chief Marketing Officer and President of its AgriForce Brands division
  source text: Effective July 15, 2021, the Board of Directors of AgriForce Growing Systems, Ltd. (the “Company”) appointed Mauro Pennella as its Chief Marketing Officer and President of its AgriForce Brands division.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826397/000149315221017447/0001493152-21-017447-index.htm

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