---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-017993"
form_type: "8-K"
ticker: "AVX"
cik: "0001826397"
company_name: "AVAX ONE TECHNOLOGY LTD."
filed_at: "2021-07-28T23:59:59+00:00"
generated_at: "2026-06-30T01:47:40.467028+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# AgriForce appoints Troy McClellan as President of AgriForce Solutions with $300K salary

## Summary
- Effective July 22, 2021, Troy McClellan becomes President, AgriForce Solutions, with annual base salary of CDN $300,000.
- Annual share compensation of $100,000 in common shares, payable quarterly, priced at 5-day VWAP.
- Eligible for annual cash bonus of 30% of base salary at target (up to 100%) and equity participation.
- Severance: 6 months base salary without cause; 12 months base salary on change-of-control termination.
- No changes to board or other named executive officers.

## SEC filing metadata
- accession: 0001493152-21-017993
- form_type: 8-K
- ticker: AVX
- cik: 0001826397
- company_name: AVAX ONE TECHNOLOGY LTD.
- filed_at: 2021-07-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826397/000149315221017993/0001493152-21-017993-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826397/000149315221017993/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-017993
- JSON: https://secwatch.observer/filing/0001493152-21-017993.json
- Plain text: https://secwatch.observer/filing/0001493152-21-017993.txt

## Key facts
- Executive change
  Troy McClellan was appointed as President, AgriForce Solutions at AVAX ONE TECHNOLOGY LTD..
  - Action: appointed
  - Role: President, AgriForce Solutions
  source text: Effective July 22, 2021, the Board of Directors of AgriForce Growing Systems, Ltd. (the “Company”) entered into a new employment agreement with Troy McClellan that continues unless and until such employment is terminated by either party pursuant to the terms of the agreement, with a title of “President, AgriForce Solutions”.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826397/000149315221017993/0001493152-21-017993-index.htm

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