---
schema_version: "secwatch.filing_event.v1"
accession: "0001760319-21-000058"
form_type: "8-K"
ticker: "NIHK"
cik: "0001084475"
company_name: "Video River Networks, Inc."
filed_at: "2021-07-15T23:59:59+00:00"
generated_at: "2026-06-30T04:59:16.369421+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001760319-21-000058
- form_type: 8-K
- ticker: NIHK
- cik: 0001084475
- company_name: Video River Networks, Inc.
- filed_at: 2021-07-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- 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/1084475/000176031921000058/0001760319-21-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084475/000176031921000058/form8kdrngacquisition.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001760319-21-000058
- JSON: https://secwatch.observer/filing/0001760319-21-000058.json
- Plain text: https://secwatch.observer/filing/0001760319-21-000058.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084475/000176031921000058/0001760319-21-000058-index.htm

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