8-K
filed October 24, 2024, 7:59 PM ET
ticker VPLM
CIK 0001410738
other material
confidence high
sentiment neutral
materiality 0.60
VoIP-Pal increases Series A preferred designation to 1M shares, issues 138,522 to CEO; appoints new President
Voip-pal.com Inc
- Amended Certificate of Designation to increase Series A preferred shares from 800k to 1M; 138,522 shares issued to CEO Emil Malak for nominal consideration.
- Series A shares carry 1,550 votes each, no dividends, non-convertible, non-transferable; issuance maintains DIP's 40% voting rights per 2013 agreement.
- Emil Malak resigned as President (Oct 1) but remains CEO; Gavin McMillan appointed President. Clif Saylor resigned as director (Sep 1) then reappointed (Oct 10).
- Austin McDonald appointed director (May 17, 2024); Dennis Chang appointed Corporate Secretary (Aug 18, 2024).
- No financial impact disclosed; shares issued under Regulation S exemption as Malak is non-U.S. person.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gavin McMillan was appointed as President at Voip-pal.com Inc.
- Action
- appointed
- Role
- President
Exact text from the filing
Gavin McMillan was appointed to fill the resulting vacancy.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dennis Chang was appointed as Corporate Secretary at Voip-pal.com Inc.
- Action
- appointed
- Role
- Corporate Secretary
Exact text from the filing
On August 18, 2024, Dennis Chang, a director of the Company, was appointed as the Company’s Corporate Secretary;
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Austin McDonald was appointed as director at Voip-pal.com Inc.
- Action
- appointed
- Role
- director
Exact text from the filing
On May 17, 2024, Austin McDonald was appointed as a director of the Company;
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Clif Saylor resigned as director at Voip-pal.com Inc.
- Action
- resigned
- Role
- director
Exact text from the filing
On September 1, 2024, Clif Saylor resigned as a director of the Company for personal reasons.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Emil Malak resigned as President at Voip-pal.com Inc.
- Action
- resigned
- Role
- President
Exact text from the filing
On October 1, 2024, Emil Malak resigned as the President of the Company and Gavin McMillan was appointed to fill the resulting vacancy.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Clif Saylor was appointed as director at Voip-pal.com Inc.
- Action
- reappointed
- Role
- director
Exact text from the filing
he was subsequently reappointed as a director of the Company on October 10, 2024
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Voip-pal.com Inc: Increased authorized Series A preferred stock from 800,000 to 1,000,000 shares via amendment to Certificate of Designation (effective 2024-10-09).
- Change
- charter amendment
- Effective
- 2024-10-09
Exact text from the filing
On October 9, 2024, VoIP-Pal.Com Inc. (the “Company”) filed an amendment to a Certificate of Designation dated May 25, 2022, as previously amended on March 6, 2023 (together, the “Certificate of Designation”), with the Nevada Secretary of State in order to designate an additional 200,000 shares of the Company’s authorized preferred stock, par value $0.01 per share (the “Preferred Stock”), as Series A preferred stock (the “Series A Stock”), thereby increasing the total number of shares of Preferred Stock designated as Series A Stock from 800,000 to 1,000,000.
View on SEC.gov
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