Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 17, 2021, Lee Lefkowitz ("Lefkowitz") sent a letter to the Board of
Directors of PotNetwork Holdings, Inc. (the "Company" or the "Registrant"),
wherein he indicated he would resign as of January 14, 2022 as Chief Executive
Officer, President, member of the board of directors and acting CFO of the
Company).
On December 27, 2021, the Board of Directors accepted his resignation and
released Lefkowitz from his duties and responsibilities to the Company.
On December 27, 2021, Sohail Quraeshi was appointed as a CEO and President of
the Company. The Company has entered into an executive consulting agreement with
Mr. Quraeshi.
Sohail Quraeshi, age 65, CEO, President. Mr. Quraeshi is a graduate of
Buckingham University in the United Kingdom (L. Sc. Economics). He has been
actively involved in the financial and securities industry as a Security Analyst
with various international banking institutions in the United States, Asia
Europe and the Middle East.
In the past three decades Mr. Quraeshi has served in leading roles in several
public and private companies and currently the Founder of TSS Vertical,
www.tssvertical.com, Managing Director Of Vahoca Pt Ltd, in Singapore, a private
equity group, Vice Chairman of Moveo Technologies Corporation, www.drvn.com, and
a member of the Board of Directors and Investment Advisor Team of Perpetual
Value, www.perpetualvalue.com.
As a prominent member of the local community Mr. Quraeshi serves on two notable
non-profit Boards, the Coalition of Hope, www.coalitionofhope.org, and Eagles
Foundation Inc, that assist in disaster relief in, and around, the local
community.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
No. Description
10.1 Executive Consulting Agreement with Mr. Quraeshi.
17.1 Letter of Resignation of Lee Lefkowitz.
17.2 Board Resolution accepting resignation of Mr. Lefkowitz and
appointing Mr. Quraeshi as Director, President and CEO.
2
© Edgar Online, source Glimpses