FREIGHT TECHNOLOGIES, INC. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Freight Technologies Inc. (the "Company") announced that Mike Flinker, the Company's President, tendered his resignation effective December 1, 2022, in order to pursue other personal projects. Mr. Flinker's resignation was not the result of any dispute or disagreement with the Company or the Company's board of directors on any matter relating to the operations, policies or practices of the Company.
In connection therewith, the Company has signed a Termination Agreement and Full and Final Release (the "Termination Agreement") with Mr. Flinker which provide, inter alia, the payment of $55,000 (equivalent to three (3) months of his base salary pursuant to his Executive Services Agreement dated September 23, 2020) in exchange for a full and final release in favor of the Company. The foregoing is a summary only and does not purport to be a complete description of all of the terms, provisions, covenants, and agreements contained in the Termination Agreement, and is subject to and qualified in its entirety by reference to the full text of the Termination Agreement, which is filed herewith as Exhibit 10.1 to this Current Report on Form 6-K.
Financial Statements and Exhibits
Exhibits
| Exhibit No. | Description | |
| 10.1 | Termination Agreement and Full and Final Release. |
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Freight Technologies Inc. published this content on 02 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2022 11:13:10 UTC.
