On July 23, 2015, Global Fashion Technologies, Inc. and Thomas H. Witthuhn entered into a separation agreement as a result of which Mr. Witthuhn is no longer an employee of the company. In addition, the separation agreement includes resignations of Mr. Witthuhn from his positions as the Secretary of company and a director of the company effective May 15, 2015. Mr. Witthuhn's decision to resign is solely to pursue other business opportunities.

The board of directors of the company has appointed Omar Barrientos, a director of the company and the company's former Secretary, as the company's new Secretary.