Item 5.02. Departure of Director or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Appointment of George Stella as Chief Executive Officer, Chief Financial Officer
and a member of Board of Directors
On June 30, 2022, the Board of directors ("Board") of BIGtoken, Inc. ("Company")
appointed George Stella, the Company's current president, to serve as chief
executive officer (principal executive officer), chief financial officer
(principal accounting officer), and as a member of the Board of Directors of the
Company effective July 1, 2022. Mr. Stella will serve as chief executive and
chief financial officer pursuant to the terms of his existing employment
agreement, which was disclosed on the Company's Current Report on Form 8-K filed
on December 1, 2021.
George Stella, age 51, joined the Company as chief revenue officer in February
2021 and was appointed President on May 18, 2021. Prior to that, Mr. Stella
served as executive vice president of SRAX, BIGtoken's prior parent company,
since March 2018. Mr. Stella began his career in digital advertising spending in
2009 at 24/7 Media as the data driven digital marketing space emerged. He then
entered the digital shopper marketing space in its infancy with OwnerIQ and then
HookLogic. Prior to joining SRAX, Mr. Stella served as vice president of sales,
helping Yieldbot develop its digital shopper business.
Resignation of Board of Directors
On June 30, 2022, after the appointment of Mr. Stella; (i) David Moore, (ii)
Christopher Miglino, (iii) Yin Woon Rani, and (iv) Daina Middleton informed the
Board that they are resigning from the Board effective at the close of business
on June 30, 2022. Additionally, Mr. Moore resigned as chief executive officer of
the Company effective June 30, 2022. None of the resignations from the Board
were as a result of any disagreement with the Company on any matter relating to
the Company's operations, policies or practices.
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BIGTOKEN, INC. 
