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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): May 30, 2023 (May 23, 2023)
Vecta
Inc.
(Exact
name of registrant as specified in its charter)
| Maryland |
|
46-3001280 |
(State
or other jurisdiction
of
incorporation) |
|
(IRS
Employer
Identification
No.) |
| One
World Trade Center, Suite 8500, New York, NY |
|
10007 |
| (Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: 212-280-1000
N/A
(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 (see General Instruction A.2. below):
| ☐ |
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)) |
Securities
registered pursuant to Section 12(b) of the Act: None
| Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| (Not Applicable) |
|
(Not
Applicable) |
|
(Not Applicable) |
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
4.01. Changes in Registrant’s Certifying Accountant.
Effective
May 23, 2023, the Audit Committee of the Board of Directors (the “Board”) of Vecta Inc. (the “Company”) approved
the engagement of Marcum LLP (“Marcum”) as the Company’s independent accounting firm for the year ending December 31,
2023. The engagement of Marcum followed the resignation of Fontanella Associates LLC (“Fontanella”), the Company’s
former independent accounting firm.
The
reports of Fontanella on the Company’s financial statements as of and for the year ended December 31, 2021 and as of and for
the seven months ended December 31, 2022 contained no adverse opinion or disclaimer of opinion and were not qualified or modified
as to uncertainty, audit scope or accounting principles. During the years ended December 31, 2021 and 2022 and through May 22, 2023,
there were no disagreements with Fontanella on any matter of accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which if not resolved to Fontanella’s satisfaction, would have caused it to make reference to the subject matter
of the disagreement in connection with its reports on the Company’s financial statements, and there have been no reportable events
as described in Item 304(a)(1)(v) of Regulation S-K.
The
Company provided Fontanella with a copy of this Current Report on Form 8-K prior to its filing with the Securities and Exchange Commission
(“SEC”) and requested that Fontanella furnish the Company with a letter addressed to the SEC stating whether Fontanella agrees
with the above statements. A copy of the letter, dated May 30, 2023, is filed as Exhibit 16.1 to this Current Report on Form 8-K and
incorporated herein by reference.
During
the fiscal years ended December 31, 2022 and 2021, and through May 22, 2023, neither the Company, nor anyone on its behalf, consulted
with Marcum regarding the application of accounting principles to a specified transaction, either completed or proposed, or the type
of audit opinion that might be rendered by Marcum on the Company’s financial statements or any matter that was either the subject
of a “disagreement,” as described in Item 304(a)(1)(iv) of Regulation S-K, or any “reportable events,” as defined
in Item 304(a)(1)(v) of Regulation S-K.
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Principal Officers.
On
May 23, 2023, the Board of the Company, upon the recommendation of its Nominating and Corporate Governance Committee, appointed Avery
Weisz and Jeffrey Zwick as directors of the Company.
The
Board has not yet determined on which committees of the Board Messrs. Zwick and Weisz will serve.
Mr.
Zwick is a founding partner of Jeffrey Zwick & Associates, P.C., an internationally recognized law firm representing a broad range
of clients in connection with the development, ownership, and financing of real estate projects. Mr. Zwick’s expertise includes
large-scale development, mixed-use, commercial, retail, and residential real estate projects. Mr. Zwick holds a degree in accounting
from Touro College, a Master’s in Business Administration from Baruch College and a Juris Doctor from Brooklyn Law School.
Mr.
Weisz is the managing principal and founder of Levon Capital LLC, an asset based lending platform and investment firm. Mr. Weisz has
over 15 years of experience in commercial real estate bridge lending, structuring equity deals for various real estate purchases and
restructuring debt with borrowers and developers of all property types and classes.
There
are no transactions that would be required to be reported under Item 404(a) of Regulation S-K, and there are no arrangements or understandings
between Messrs. Zwick and Weisz and any other person pursuant to which they were selected as directors.
For
their service on the Board, each of Messrs. Zwick and Weisz will receive compensation as a director in accordance with the Company’s
non-employee director compensation practices described under the “Director Fees” section of Item 11 (Executive Compensation)
of Amendment No. 1 to the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2022 filed with the Securities
and Exchange Commission on April 28, 2023.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURES
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.
| |
VECTA INC. |
| |
|
|
| Dated: May 30, 2023 |
By: |
/s/ Fredrick
Schulman |
| |
Name: |
Fredrick Schulman |
| |
Title: |
Chairman, President and Chief Executive Officer |
