DigiPath, Inc. (OTCMKTS:DIGP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 1, 2018, Joseph J. Bianco, the Chief Executive Officer and Chairman of the Board of Directors of Digipath Inc. (the “Company”), died unexpectedly.
On July 3, 2018, the Company’s Board appointed Todd Denkin as Chief Executive Officer and Chairman of the Board, succeeding Mr. Bianco. At the time of such appointment, Mr. Denkin was serving as the Company’s President and Chief Operating Officer, and as the President of the Company’s wholly-owned subsidiaries, Digipath Labs, Inc. and TNM News Corp., and he will continue to serve in such capacities.
Todd Denkin, age 54, has many years of experience in the “legal” marijuana industry, and has been an integral part of the management of the Company for the past four years. Mr. Denkin joined the Company in April 2014 as President, and served as the Company’s Chief Executive Officer from October 2014 until June 21, 2016 when, in connection with Mr. Bianco’s appointment as Chief Executive Officer, Mr. Denkin took on the role as the Company’s Chief Operating Officer and continued on as the Company’s President. Prior to joining the Company, Mr. Denkin served as co-founder and president of both 10 Mile and Growopp, LLC where he created controlled environmental indoor hydroponic grow chambers from 2011 to 2013.
No changes in compensation or other employment arrangements were made in connection with Mr. Denkin’s appointment as Chief Executive Officer.