Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 22, 2022, the Board of Directors ("Board") elected Robert LaPointe to the Board, effective as of November 22, 2022 (the "Effective Date").

Mr. LaPointe, age 73, began his career as an aerospace engineer with Ball Aerospace in 1988, where he remained until his retirement in 2016, though he continues to work there part time. Mr. LaPointe also served as vice president of a small company, Dataflow Technologies, that designed data acquisition systems for energy monitoring in buildings from 1982 to 1988. Throughout his career, Mr. LaPointe also did nuclear research, was in chemical operations at Syntex Corp for production of pharmaceuticals, and has a background in ranching, farming, and construction. Mr. LaPointe brings to the Company experience in both large and small corporations and his strengths include scientific research and technology. Mr. LaPointe holds a Bachelors of Science in Chemistry and Physiology (Colorado State University), and a Master of Science in Electrical Engineering (University of Idaho), and is an Army veteran of the Vietnam war.

On November 22, 2022, the Board accepted the resignation of John Noble Harris as Chief Executive Officer and President of Blackstar Enterprise Group, Inc., and appointed Joseph E. Kurczodyna as Acting Chief Executive Officer for 90 days or until new Officers are appointed. Mr. Kurczodyna will also remain Chief Financial Officer.

Mr. Harris remained a director until his passing on December 15, 2022.

Item 7.01 Regulation FD Disclosure.





Press Release


The information in this Item 7.01 of this Current Report is furnished pursuant to Item 7.01 and shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section.

The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing.

On December 21, 2022, the Company issued a press release. A copy of the press release is attached hereto as Exhibit 99.

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