Video River Networks acquires 55% voting control of Drone Guarder for $20k cash; hires aerospace VP

Video River Networks, Inc.

Acquired preferred shares of Drone Guarder (DRNG) with 55% super voting power for $20k cash.
Frank Igwealor becomes Chairman and Co-CEO; Adam Taylor remains President and CEO of DRNG.
Hired Robert E. Altermatt as VP of Drones and AI; he is a Northrop Grumman veteran with 25 years experience.
DRNG to be run as independent company; deal gives control of drones and AI technologies.

item 1.01 item 5.02 item 9.01

Executive movements

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Appointed

Robert (Bob) E. Altermatt

Vice President in charge of Drones and Artificial Intelligence

NIHK · Video River Networks, Inc.

Effective: 2021-07-13
Filed: July 15, 2021, 7:59 PM ET

On July 13, 2021, Video River Networks, Inc. (the “Company”) hired Mr. Robert (Bob) E. Altermatt to become its Vice President in charge of Drones and Artificial Intelligence.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Robert (Bob) E. Altermatt was appointed as Vice President in charge of Drones and Artificial Intelligence at Video River Networks, Inc..

Action: hired
Role: Vice President in charge of Drones and Artificial Intelligence

Exact text from the filing

On July 13, 2021, Video River Networks, Inc. (the “Company”) hired Mr. Robert (Bob) E. Altermatt to become its Vice President in charge of Drones and Artificial Intelligence.

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Video River Networks, Inc. filing history →

Source: SEC EDGAR

accession 0001760319-21-000058

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