secwatch.observer — SEC 8-K summary
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Issuer:     Investview, Inc. (INVU)
CIK:        0000862651
Form:       8-K
Filed at:   2022-01-10T23:59:59+00:00
Accession:  0001493152-22-000770
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862651/000149315222000770/0001493152-22-000770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862651/000149315222000770/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-000770

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