INVENT Ventures, Inc. (OTCMKTS:IDEA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

INVENT Ventures, Inc. (OTCMKTS:IDEA) 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.

Departure of Director and Chief Executive Officer – Bryce Knight

Effective April 10, 2017, the Board of Directors of Invent Ventures, Inc. accepted the resignation of Bryce Knight from his position as Chairman of the Board of Directors and as the Chief Executive Officer of the corporation, including principal executive officer and principal financial officer.

Mr. Knight’s resignation was not related to any matter relating to the Registrant’s operations, policies or practices. The Company has identified a replacement for Mr. Knight and appreciates the time he served on the Board and as our Chief Executive Officer.

 

Appointment of Director & Chief Executive Officer – Tim Symington

Effective April 10, 2017, the Board of Directors of Invent Ventures, Inc. appointed Tim Symington to the Board of Directors and as Chief Executive Officer, including principal executive officer and principal financial officer. Mr. Symington will serve on the board until the next annual shareholders meeting.

Mr. Symington was a former executive of Invent and looks forward to returning to the Company.  He brings a vast array of experience in both public and private companies.  Mr. Symington is the founder of multiple award-winning venture-backed technology startups and has three successful exits including his 2010 sale of Clowd, Inc. to Invent.


About INVENT Ventures, Inc. (OTCMKTS:IDEA)

Invent Ventures Inc. designs, builds and finances bleeding edge technology companies. The Company has built and financed startups in multiple industries, including social media, online advertising and healthcare technology. The Company is a partner for entrepreneurs looking to accelerate growth and build long-term value in their businesses. The Company has built a platform to support its companies with the strategies and resources.

INVENT Ventures, Inc. (OTCMKTS:IDEA) Recent Trading Information

INVENT Ventures, Inc. (OTCMKTS:IDEA) closed its last trading session up +0.00100 at 0.00400 with 78,127 shares trading hands.

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