SCIO DIAMOND TECHNOLOGY CORPORATION (OTCMKTS:SCIO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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SCIO DIAMOND TECHNOLOGY CORPORATION (OTCMKTS:SCIO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

SCIO DIAMOND TECHNOLOGY CORPORATION (OTCMKTS:SCIO) 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 February 7, 2019, Scio Diamond Technology Corp Board of Directors formally acknowledges the resignations of Ben Wolkowitz and Bruce Likly from the Board for health and personal reasons. Both directors have been in full support of the Board’s decisions and their resignations are not the result of any disagreement or conflict.

The remaining Board members and the management team thank both Ben and Bruce for their support and guidance.

Since their appointments in June of 2014, all of the board members, including Ben and Bruce have served the company without remuneration or compensation of any kind.

About SCIO DIAMOND TECHNOLOGY CORPORATION (OTCMKTS:SCIO)

Scio Diamond Technology Corporation is a materials company. The Company has developed technology through which single crystal diamond materials are produced through a chemical vapor deposition (CVD) process (the Diamond Technology). The Company’s Diamond Technology provides a materials production platform. It utilizes a scalable manufacturing process for producing diamond crystals. The Diamond Technology process enables the concurrent production of various diamond crystals. The Company’s diamond crystals are grown on slices of diamond called seeds that it either grows internally or acquires from third parties. Its diamond can be used for jewelry featuring matching diamond of various sizes, clarities and colors, diamond engagement rings and fashion jewelry. The Company’s customers in the gemstone marketplace consist of diamond brokers, diamond cutters and diamond wholesalers both domestic and foreign.