---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-002645"
form_type: "8-K"
ticker: "CITR"
cik: "0000894556"
company_name: "CitroTech Inc."
filed_at: "2026-04-03T23:59:59+00:00"
generated_at: "2026-05-15T07:45:50.007996+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CitroTech CTO Stephen Conboy resigns, transitions to advisor with equity and product sales rights

## Summary
- Conboy resigned as CTO effective March 31, 2026; serves as outside advisor to CEO during 90-day transition ending June 30, 2026.
- Receives $10,000/month during transition and up to $200,000 in product advances; post-transition, exclusive sales rights in CA's Lake Tahoe area with minimum $500K sales in 2026.
- Company may buy back up to $1M of Conboy's shares upon closing $10M+ financing; Conboy gets annual $1.5M restricted shares starting when CitroTech exceeds $10M revenue, up to $7.5M.
- Post-transition, Conboy may purchase products at preferred pricing; affiliate agreement for 5% commission on net sales in defined territory.
- Agreement includes broad release, five-year non-solicit, indefinite non-compete (except carve-out), and $1M liquidated damages per breach.

## SEC filing metadata
- accession: 0001683168-26-002645
- form_type: 8-K
- ticker: CITR
- cik: 0000894556
- company_name: CitroTech Inc.
- filed_at: 2026-04-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894556/000168316826002645/0001683168-26-002645-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894556/000168316826002645/citro_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-002645
- JSON: https://secwatch.observer/filing/0001683168-26-002645.json
- Plain text: https://secwatch.observer/filing/0001683168-26-002645.txt

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