---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-021415"
form_type: "8-K"
ticker: "FDCT"
cik: "0001722731"
company_name: "FDCTECH, INC."
filed_at: "2021-08-27T23:59:59+00:00"
generated_at: "2026-06-29T07:21:22.728350+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FDCTech terminates Genesis Financial acquisition; Chairman removed

## Summary
- Terminated Stock Purchase Agreement (June 2, 2021) to acquire 100% of Genesis Financial.
- Genesis could not comply with material provisions, including releasing liens and settling defaults.
- Warwick Kerridge removed as Chairman and director; Mitchell Eaglstein appointed acting Chairman.
- No shares were issued under the terminated agreement.
- Company reaffirms its fintech-driven acquisition strategy.

## SEC filing metadata
- accession: 0001493152-21-021415
- form_type: 8-K
- ticker: FDCT
- cik: 0001722731
- company_name: FDCTECH, INC.
- filed_at: 2021-08-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722731/000149315221021415/0001493152-21-021415-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722731/000149315221021415/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-021415
- JSON: https://secwatch.observer/filing/0001493152-21-021415.json
- Plain text: https://secwatch.observer/filing/0001493152-21-021415.txt

## Key facts
- Executive change
  Mitchell M. Eaglstein was appointed as acting Chairman of the Board at FDCTECH, INC..
  - Action: appointed
  - Role: acting Chairman of the Board
  source text: Mitchell M. Eaglstein shall be the acting Chairman of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722731/000149315221021415/0001493152-21-021415-index.htm
- Executive change
  Warwick Kerridge was terminated as Chairman of the Board of Directors at FDCTECH, INC..
  - Action: terminated
  - Role: Chairman of the Board of Directors
  source text: Effective August 24, 2021, upon the consent of the majority of the stockholders of the Corporation representing at least 68.73% of the issued and outstanding shares of the Company and per Section 222 of the General Corporation Law of the State of Delaware, voted in favor of terminating Warwick Kerridge from the Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722731/000149315221021415/0001493152-21-021415-index.htm

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