Investview founders resign as officers/directors; surrender 75M and 43M shares; lock-up extended to April 2025

Investview, Inc.

Founders Mario Romano and Annette Raynor resign as officers and directors effective Jan 6, 2022, transition to strategic advisors.
Romano surrenders 75M shares; Wealth Engineering surrenders 43.1M shares; company pays $1.724M in taxes for restricted stock vesting.
Lock-up agreement modified: Romano and Raynor must hold 100M shares each until April 25, 2025; irrevocable proxy granted to DBR Capital.
Company to pay $340K remaining on $600K promissory note; all prior agreements terminated except Lock-Up Agreement.
Company plans future up-listing to major exchange and executive search for experienced leadership.

item 5.02 item 9.01

Executive movements

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Role change

Annette Raynor

Strategic Advisor

INVU · Investview, Inc.

Effective: 2022-01-06
Filed: January 10, 2022, 6:59 PM ET

Mr. Romano and Ms. Raynor agreed to resign their positions as officers and directors of the Company effective immediately as they each transition to the roles of strategic advisors to the Company.

Role change

Mario Romano

Strategic Advisor

INVU · Investview, Inc.

Effective: 2022-01-06
Filed: January 10, 2022, 6:59 PM ET

Mr. Romano and Ms. Raynor agreed to resign their positions as officers and directors of the Company effective immediately as they each transition to the roles of strategic advisors to the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Annette Raynor resigned as Strategic Advisor at Investview, Inc..

Action: resigned
Role: Strategic Advisor

Exact text from the filing

Mr. Romano and Ms. Raynor agreed to resign their positions as officers and directors of the Company effective immediately as they each transition to the roles of strategic advisors to the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mario Romano resigned as Strategic Advisor at Investview, Inc..

Action: resigned
Role: Strategic Advisor

Exact text from the filing

Mr. Romano and Ms. Raynor agreed to resign their positions as officers and directors of the Company effective immediately as they each transition to the roles of strategic advisors to the Company.

View on SEC.gov

Investview, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-000770

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