UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 20, 2023, the Board of Directors (“Board”) of Unicoin Inc. (the “Company”) notified director Christopher Carter that his initial one-year term on the Board had expired and that his service on the Board has ended. Mr. Carter was notified by a letter from the Company’s voting directors. There were no disagreements with Mr. Carter relating to the Company’s operations, policies or practices.
On September 21, 2023, the Board elected Guillermo Diaz to serve as a new member of the Board, effective September 21, 2023 with an initial term of one year (“Initial Term”). During the Initial Term, directors have no voting rights. The Initial Term may be extended once or multiple times by the chairperson of the Board, at her or his discretion, in recognition of outstanding contributions to the growth of the Company. Mr. Diaz’s committee membership will be decided by the Board at a later date. Mr. Diaz will receive 100,000 Unicoins per month for his service on the Board. There is no arrangement or understanding between Mr. Diaz and any other person pursuant to which he was appointed as a director. There are no transactions between Mr. Diaz and the Company that would be reportable under Item 404(a) of Regulation S-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| UNICOIN INC., | ||
| By: | /s/ Richard Devlin |
|
| Name: | Richard Devlin | |
| Title: | Senior Vice President and General Counsel | |
Dated: September 26, 2023
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