8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): September 8, 2022

DATA443 RISK MITIGATION, INC.

(Exact name of registrant as specified in its charter)

Nevada	000-30542	86-0914051
(State of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

4000 Park Drive, Suite 400 Research Triangle Park, North Carolina	27709
(Address of principal executive offices)	(Zip Code)

(919) 858-6542

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act Securities registered pursuant to Section 12(b) of the Act:

Securities registered or to be registered pursuant to Section 12(b) of the Act.

Title of each class	Trading Symbol	Name of each exchange on which registered
None	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 5.02 DEPARTUREOF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

Nanuk Warman, Chief Financial Officer of Data443 Risk Mitigation, Inc. (the “Company”) provided notice that he is resigning from the Company, effective September 8, 2022. On September 8, 2022, the Board of Directors of the Company appointed Greg McCraw to serve as the Company’s Chief Financial Officer, effective immediately.

Mr. McCraw, 59, has over 25 years of experience helping businesses strengthen accounting and finance operations, addressing compliance challenges in highly regulated environments, and implementing accounting best practices. Mr. McCraw previously was Vice President of Finance for Light Wave Dental (d/b/a Gladwell Orthodontics) in Wake Forest, NC since January 2021, overseeing seven direct reports and controlling a budget of $17 million. From April 2011 until January 2021, Mr. McCraw was the Managing Director of FMAC Group, LLC of Wake Forest, a boutique accounting and finance consulting firm, advising Fortune clients in pharmaceutical, financial services, and private equity sectors on executing on regulatory and compliance solutions. Mr. McCraw is a certified public accountant and holds a bachelor of arts degree in accounting from North Carolina State University.

In connection with his appointment, Mr. McCraw will be entitled to an annual base salary in the amount of $180,000, and quarterly grants of restricted stock awards and incentive stock options in amounts equivalent to $45,000 and $35,000, respectively. Mr. McCraw will also be eligible to participate in the Company’s bonus plan, with Mr. McCraw’s eligible bonus payment to be based on achievement of certain performance objectives and goals.

There are currently no arrangements or understandings between Mr. McCraw and any other person pursuant to which Mr. McCraw was selected as an executive officer. There are no family relationships between Mr. McCraw and any director or other executive officer of the Company, or with any person nominated or chosen to become an officer or a director of the Company. The Company has had no transactions since the beginning of its last fiscal year, and has no transactions currently proposed, in which Mr. McCraw, or any member of his immediate family, has an interest requiring disclosure under Item 404(a) of Regulation S-K.

ITEM 7.01 REGULATION FD DISCLOSURE.

On September 8, 2022, the Company issued a press release (the “Press Release”) announcing the appointment of Mr. McCraw. The full text of the Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by this reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

The following Exhibits are furnished with this Report:

Exhibit No.	Exhibit Description
99.1	Press Release of Data443 Risk Mitigation, Inc., dated September 8, 2022
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, our Company caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: September 8, 2022	DATA443 RISK MITIGATION, INC.
	By:	/s/ Jason Remillard
	Name:	Jason Remillard
	Title:	Chief Executive Officer

EX-99.1

Exhibit 99.1

Data443 Appoints Greg McCraw as Chief Financial Officer

Research Triangle Park, NC, September 8, 2022 – Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), a data security and privacy software company for ALL THINGS DATA SECURITY^™, today announced the appointment of Greg McCraw as the Company’s Chief Financial Officer.

Mr. McCraw will be working out of the Company’s Research Triangle Park office and has over 25 years of experience helping businesses strengthen their accounting and finance operations, addressing compliance challenges in highly regulated environments and implementing accounting best practices. Mr. McCraw previously served as Vice President of Finance for a Dental Services Organization active in acquisitions, and prior to that was Managing Director of a boutique accounting and finance consulting firm advising Fortune clients in pharmaceutical, financial services, and private equity sectors on how to execute on regulatory and compliance solutions.

“Mr. McCraw’s appointment results from a comprehensive search for a local leader with high quality attributes and specialist capabilities. We believe that this appointment is timely and continues to support our core business goals” stated Mr. Remillard, President and Chief Executive Officer of the Company.

Mr. McCraw added, “I am excited to join a fast-growing cybersecurity organization right here in the ‘Triangle’ that leverages my core skills in finance, mergers and acquisitions, all types of financing and program management and team development. I am excited to step into this role at a great organization and to be a part of its growth story!”

Mr. McCraw’s appointment comes shortly after Data443’s appointment of Pamela Maher as Chief Legal Officer, who has navigated other organizations through data privacy compliance efforts, initial public offerings, and other financing activities.

About Data443 Risk Mitigation, Inc.

Data443 Risk Mitigation, Inc. (OTC: ATDS) is an industry leader in providing software and services to enable secure data across local devices, networks, cloud, and databases, at rest and in flight. We are All Things Data Security^™. With over 10,000 customers in over 100 countries, Data443 provides a modern approach to data governance and security by identifying and protecting all sensitive data regardless of location, platform, or format. Data443’s industry-leading framework helps customers prioritize risk, identify security gaps, and implement overall data protection and privacy management strategies.

For more information, please visit https://www.data443.com

To learn more about Data443, please watch our video introduction on our YouTube channel: https://youtu.be/1Fp93jOxFSg

Data443 offers free trials of all its technologies using its shopping cart system at: https://orders.data443.com

Forward-Looking Statements

The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursuant,” “target,” “continue,” and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding Data443’s plans, objectives, future opportunities for Data443’s services, future financial performance and operating results and any other statements regarding Data443’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties, and assumptions, many of which are beyond Data443’s control, and which could cause actual results to differ materially from the results expressed or implied by the statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability to hire and retain personnel; loss of, or reduction in business with, key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; anti-takeover measures in our charter documents; and, the uncertainties created by the ongoing outbreak of COVID-19. These and other important risk factors are described more fully in our reports and other documents filed with the Securities and Exchange Commission (“the SEC”), including in (i) “Part I, Item 1A. Risk Factors”, in our Annual Report on Form 10-K filed with the SEC on March 31, 2022; and (ii) subsequent filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

“DATA443” is a registered trademark of Data443 Risk Mitigation, Inc.

All product names, trademarks and registered trademarks are property of their respective owners. All company, product and service names used in this press release are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

For further information:

Follow us on Twitter: https://twitter.com/data443Risk
Follow us on Facebook: https://www.facebook.com/data443/
Follow us on LinkedIn: https://www.linkedin.com/company/data443-risk-mitigation-inc/

Follow us on YouTube: https://www.youtube.com/channel/UCZXDhJcx-XgMBhvE9aFHRdA
Signup for our Investor Newsletter: https://data443.com/investor-email-alerts/

Investor Relations Contact:

Matthew Abenante
ir@data443.com
919.858.6542

XML

Cover	Sep. 08, 2022
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 08, 2022
Entity File Number	000-30542
Entity Registrant Name	DATA443 RISK MITIGATION, INC.
Entity Central Index Key	0001068689
Entity Tax Identification Number	86-0914051
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	4000 Park Drive
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Research Triangle Park
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27709
City Area Code	(919)
Local Phone Number	858-6542
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false