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

(a)(1) Effective October 1, 2022, Tim Barton resigned as Chief Executive Officer ("CEO") and Director of the Board of Directors of Carnegie Development, Inc. (the "Company" or the "Issuer"), as well as all positions with any subsidiary entities, and Tim Barton resigned as Chairman of the Board of Directors of the Company. Tim Barton noted that his resignation is not the result of any disagreement with the Company, its management, the Board or any committee of the Board.

(c) and (d) Effective as of October 1, 2022, stockholders of the Company holding 78.48% of the voting power among all stockholders of the Company appointed Robert Buker CPA, who is currently the Chief Financial Officer ("CFO") as Chief Executive Officer ("CEO") and Director of the Board of Directors until his respective successor is duly elected and qualified.






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