EZTD INC. (OTCMKTS:EZTD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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EZTD INC. (OTCMKTS:EZTD) 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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 15, 2017, Mr. Shimon Citron tendered his resignation as a Director and Chief Executive Officer of EZTD Inc. (the “Company”), and all positions with the Company’s subsidiaries, effective immediately. Mr. Citron’s resignation was a result of a disagreement with the Company. Written correspondence from Mr. Citron to the registrant concerning the circumstances surrounding his resignation is attached as Exhibit 17.1 to this Current Report on Form 8-K. The Company rejects all of the allegations in Mr. Citron’s written correspondence.

The Company provided Mr. Citron with a copy of this Form 8-K and requested that he furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not he agrees with the above statements.

to Article III of the Company’s bylaws, due to Mr. Citron’s resignation, the entire Board of Directors is now deemed vacant and the Company is required to fill such vacancies within 45 days. The Company anticipates it will call a special meeting of its stockholders to fill these vacancies.

to the bylaws, nominations may be made only by any stockholder owning not less than 20% of the issued and outstanding capital stock of the Company.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

17.1       Resignation letter of Shimon Citron, dated May 15, 2017.

 


About EZTD INC. (OTCMKTS:EZTD)

EZTD Inc., formerly EZTrader Inc., is engaged in the business of offering online trading of binary options. The Company conducts operations and business with and through its subsidiaries, Win Global Markets Inc (Israel) Ltd., WGM Services Ltd., EZ Invest Securities. Ltd. and SCGP Investments Limited. The Company operates an online trading platform for retail customers to trade a range of binary options internationally with approximately 100 different assets, including indices, international stocks, commodities and currency pairs (Trading Platform). The Trading Platform enables retail customers to trade binary options in over 30 countries. It is accessible from multiple operating systems (Windows, smartphones and tablets) and the Internet. The Trading Platform is localized into multiple languages. The Company runs online trading platform brands, including EZTrader.com, EZInvest.com and EZInvest-sec.jp.

EZTD INC. (OTCMKTS:EZTD) Recent Trading Information

EZTD INC. (OTCMKTS:EZTD) closed its last trading session 00.000 at 0.700 with 1,181 shares trading hands.