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): January 13, 2022
Netcapital Inc.
(Exact name of registrant as specified in its charter)
Utah	000-55036	87-0409951
(State or other jurisdiction of incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)
State Street Financial Center, One Lincoln Street, Boston, Massachusetts 02111
(Address of principal executive offices)     (Zip Code)
781-925-1700
(Registrant's telephone number, including area code)
Not Applicable
(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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