Avant Technologies names Danny Rittman CISO; $300K annual salary paid in shares, contingent cash bonus

AVAI BIO, INC.

Appointment effective July 24, 2023; base salary $300,000/year in common shares, rising to $600,000 on up-listing to national exchange.
Quarterly stock issuances equal $75,000 divided by 20-day VWAP; one-time $50,000 cash bonus due within 30 days of equity financing.
Term expires August 1, 2024; either party may terminate without cause on 30 days' notice.
Rittman concurrently serves as CTO of GBT Technologies (OTC: GTCH); company states no conflict with his new role.

item 5.02 item 1.01 item 3.02 item 9.01

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Appointed

Danny Rittman

Chief Information Security Officer

AVAI · AVAI BIO, INC.

Effective: 2023-07-24
Filed: July 26, 2023, 7:59 PM ET

On July 24, 2023, Avant Technologies, Inc (f/k/a Trend Innovations Holding Inc.) (the “Company”) and Danny Rittman entered into an Employment Agreement pursuant to which Mr. Rittman was retained as Chief Information Security Officer (“CISO”).

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Executive change SEC 8-K Item 5.02 confidence 1.0

Danny Rittman was appointed as Chief Information Security Officer at AVAI BIO, INC..

Action: appointed
Role: Chief Information Security Officer

Exact text from the filing

On July 24, 2023, Avant Technologies, Inc (f/k/a Trend Innovations Holding Inc.) (the “Company”) and Danny Rittman entered into an Employment Agreement pursuant to which Mr. Rittman was retained as Chief Information Security Officer (“CISO”).

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Source: SEC EDGAR

accession 0001740797-23-000060

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