Cipherloc Corporation (OTCMKTS:CLOK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On July 26, 2019, Michael De La Garza resigned as Chief Executive Officer of Cipherloc Corporation (the “Company”). The Board of Directors of the Company appointed Tom Wilkinson, an independent director, as interim Chief Executive Officer. Mr. De La Garza will continue as a director of the Company and will remain with the Company as co-founder and focus on sales and marketing activities.
Mr. Wilkinson joined the board of the Company as an independent director and chair of the audit committee on May 21, 2019. He brings C-level executive and public accountancy experience to the Company including time as both CFO and CEO of a Nasdaq listed company. He owns Wilkinson & Company, a financial and business consulting firm focused on emerging growth pre-IPO and public companies. He previously served as the Chief Executive Officer of Xplore Technologies until the sale of the company to Zebra Technologies in 2018. Prior to becoming the CEO, Mr. Wilkinson served as the company’s Chief Financial Officer, leading a successful operational turnaround and driving the business to profitability. He is also an experienced audit partner at a public accountancy firm he founded and grew to seven offices and served as CFO of Amherst Holdings, a privately held corporation. Mr. Wilkinson currently serves on the board of Astrotech (ASTC) and is a CPA in the State of Texas.
The press release announcing the management change is attached to this Current Report on Form 8-K as Exhibit 99.1 and incorporated into this Item 5.02 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| 99.1 | Press Release |
| –– |
CIPHERLOC Corp Exhibit
EX-99.1 2 ex99-1.htm Cipherloc Appoints Tom Wilkinson CEO Shift reflects increasing sales and marketing activity To continue board expansion with independent directors Scottsdale,…
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About Cipherloc Corporation (OTCMKTS:CLOK)
Cipherloc Corporation is a technology and services based solutions company operating in the cloud-based cyber security industry. The Company offers an encryption technology with over five international patents, called CipherLoc. CipherLoc is a commercially viable polymorphic key progression algorithmic cipher engine (PKPA). This morphing cipher can be used in commercial data security industry and/or in sensitive applications, including banks, financial transactions, credit cards, securities, stock and bonds transactions, e-mail, phones, tablets, servers and or computers. This PKPA Engine eliminates replay attacks because the cipher morphs over time. CipherLoc also rejects data access and injection, false commands, and data alteration. CipherLoc is a facet of a layered defense in depth protection plan for any organization. The CipherLoc Polymorphic Cipher Engine provides an electronic gate that restricts access to vital assets, production facilities, and distribution systems.
