REGI U.S., Inc. (OTCMKTS:RGUS) 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.
Effective March 27th, 2019, Michael S. Urso is stepping aside from his positons of Chief Executive Officer and a Director of the company. Mr. Urso will continue with the Company as VP for Operations where he will use his extensive management experience to direct the operations of the Company. Mr. Urso’s stepping back from these roles is not related to any issues regarding the integrity of the company’s policies, practices, financial statements or accounting policies and practices.
Effective immediately Paul W. Chute is appointed by the Board of Directors to serve as Chief Executive Officer. Mr. Chute, 70, currently serves as Chairman of the Board and as Chief Financial Officer for the company. Mr. Chute previously served as CEO of the Company from its reorganization in 2016 until his voluntary stepping down form this position in April 2018. Mr. Chute has over 45 years of executive experience with directing numerous public and private companies including having served as both the CEO and CFO of Reg Technologies, Inc., and Acadia National Health Systems Inc. He has an MBA in Business Management from Husson University and a BS in Accounting from the University of Maine.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
RGUS-News Release-3-27-19.pdf
REGI U S INC Exhibit
EX-1 2 ex-1.htm REGI U.S. INC. And Its Subsidiary,…
To view the full exhibit click here
About REGI U.S., Inc. (OTCMKTS:RGUS)
REGI U.S., Inc. is a development-stage company. The Company is engaged in the business of developing and building axial vane-type rotary engine known as the RadMax rotary technology (the RadMax Engine). The RadMax rotary technology is used in the design of lightweight and high efficiency engines, compressors and pumps. The Company owns the United States marketing and intellectual rights, and has a project cost sharing agreement for the further development of the RadMax Engine. The Company’s subsidiary is Rad Max Technologies, Inc.
