UNITED STATES | ||
SECURITIES AND EXCHANGE COMMISSION | ||
Washington, D.C. 20549 | ||
FORM
| ||
CURRENT REPORT | ||
PURSUANT TO SECTION 13 OR 15(d) OF | ||
THE SECURITIES EXCHANGE ACT OF 1934 | ||
Date of Report (Date
of earliest event reported): | ||
(Exact name of registrant as specified in its charter) | ||
(State or other jurisdiction of incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) |
(Address of principal executive offices) (Zip Code) | ||
(Registrant's telephone number, including area code) | ||
(Former name or former address, if changed since last report) | ||
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: | ||
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 check mark 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 7.01 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 13, 2021, Netcapital Inc. (the “Company”) signed a separation agreement with Carole Murko, its chief marketing officer. The decision to terminate employment was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. As a result of the termination, Ms. Murko received severance pay of $7,384.60, and an unvested equity grant amounting to 8,855 shares of the Company’s common stock, par value $0.001, became fully vested.
ITEM 9.01 Financial Statements and Exhibits.
The exhibit listed in the following Exhibit Index is filed as part of this report.
10.1 Terms of separation between Netcapital Inc. and Carole Murko
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Netcapital Inc. | ||
(Registrant) | ||
Date: January 13, 2022 | /s/ Coreen Kraysler | |
Coreen Kraysler | ||
Chief Financial Officer | ||
Principal Accounting Officer |