Item 5.02 - Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Agreements of Certain Officers.
On September 13, 2022 Yosef Keret, a non-executive director on the Board of
Directors ("the Board") of Mawson Infrastructure Group Inc. ("the Company"),
informed the Company of his decision to retire from the Board effective as at
September 14, 2022.
Mr Keret has been a valued member of the Board since 2017, when the Company was
known as Wize Pharma, Inc ("Wize"), was a biotechnology company, and was
headquartered in Israel. Mr Keret remained a member of the Board after March 9,
2021, as previously reported in the Schedule 14(f) filed on February 26, 2021
and the Current Report on Form 8-K filed on March 9, 2021, when, pursuant to a
Bid Agreement dated December 30, 2020, a change of control of Wize occurred and
the other directors of Wize resigned.
Mr Keret agreed to remain a member of the Board of the Company to assist with a
smooth transition from the Wize business to the Company's current business as a
Bitcoin miner. Mr Keret remaining as a director provided continuity on the Board
during that time.
That period of transition is largely complete, and Mr Keret considers that it is
an appropriate time for him to resign from the Board of the Company and to focus
his attention on his other business commitments and obligations.
The Company wishes to thank Mr Keret for his significant contribution to the
Company during the period of its transition to its current form, and wishes him
well in his future endeavors.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
The Company cautions that statements in this report that are not a description
of historical fact are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements may
be identified by the use of words referencing future events or circumstances
such as "expect," "intend," "plan," "anticipate," "believe," and "will," among
others. Because such statements are subject to risks and uncertainties, actual
results may differ materially from those expressed or implied by such
forward-looking statements. These forward-looking statements are based upon the
Company's current expectations and involve assumptions that may never
materialize or may prove to be incorrect. Actual results and the timing of
events could differ materially from those anticipated in such forward-looking
statements as a result of various risks and uncertainties, which include,
without limitation, the possibility of the Company's need and ability to raise
additional capital, the development and acceptance of digital asset networks and
digital assets and their protocols and software, the reduction in incentives to
mine digital assets over time, the costs associated with digital asset mining,
the volatility in the value and prices of cryptocurrencies, and further or new
regulation of digital assets. More detailed information about the risks and
uncertainties affecting the Company is contained under the heading "Risk
Factors" included in the Company's Annual Report on Form 10-K filed with the SEC
on March 21, 2022, Quarterly Report on Form 10-Q filed with the SEC on August
22, 2022, and in other filings that the Company has made and may make with the
SEC in the future. One should not place undue reliance on these forward-looking
statements, which speak only as of the date on which they were made. Because
such statements are subject to risks and uncertainties, actual results may
differ materially from those expressed or implied by such forward-looking
statements. The Company undertakes no obligation to update such statements to
reflect events that occur or circumstances that exist after the date on which
they were made, except as may be required by law.
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