WELLNESS CENTER USA, INC. (OTCMKTS:WCUI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
On November 23, 2018, Ricky Howard, President/CEO of the Company’s wholly-owned subsidiary, Stealthco, Inc. (“Stealthco”), died unexpectedly. Mr. Howard served as President/CEO of Stealthco since the Company acquired Stealthco operations on April 4, 2014, through the date of his death.
On November 26, 2018, the Company’s Board appointed its CEO, Calvin R. O’Harrow, as Stealthco’s Interim President/CEO, succeeding Mr. Howard in such roles, effective immediately, until a permanent successor is found. Mr. O’Harrow will continue service as the Company’s CEO, and the Board and its Compensation Committee have made no determination regarding changes, if any, in compensation or other employment arrangements in connection with Mr. O’Harrow’s additional appointment.
| Item 9.01 | Financial Statements and Exhibits. |
| (a) | Financial Statements of business acquired. None. |
| (b) | Pro forma financial information. None. |
| (c) | Shell Company Transaction. Not applicable. |
| (d) | Exhibits. None. |
* Exhibits and schedules have been omitted to Item 601 (b)(2) of Regulation S-K. The Company hereby undertakes to furnish copies of any omitted exhibits and schedules upon request by the SEC.
EXHIBIT INDEX
| Exhibit No. | Description |
| None. |
About WELLNESS CENTER USA, INC. (OTCMKTS:WCUI)
Wellness Center USA, Inc. is engaged in the development of aminofactory.com, a Web-based online store designed to market customized vitamins and other nutritional supplements to the sports industry and health-minded public. The Company’s segments include Corporate; Medical Devices, which manufactures, markets and distributes of targeted Ultra Violet (UV) phototherapy devices for the treatment of skin diseases; Management of Client Services, which engages in management of medical practices in the interventional and multi-modal pain management sector; Authentication and Encryption Products and Services, engaged in selling, licensing or otherwise providing certain authentication and encryption products and services. It also has operations in the healthcare and medical sectors through CNS-Wellness LLC (CNS), Psoria-Shield Inc. (PSI) and National Pain Centers. Inc. (NPC), among others. NPC is a management services provider. PSI is a medical device design and manufacturing company.
