x

Posted 14 February, 2023

Earth Science Tech, Inc. appointed Giorgio R. Saumat as new CEO

CBOE:UNOV appointed new Chief Executive Officer Giorgio R. Saumat in a 8-K filed on 14 February, 2023.


  On February 13, 2023, the Board of Directors of the Company appointed Giorgio R. Saumat as the Company's CEO, succeeding Nickolas S. Tabraue by the Board of Directors.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of Earth Science Tech, Inc.
Health Care/Life Sciences • Biotechnology
The Fund seeks to provide returns that match those of the SPDR S&P 500 ETF Trust while providing a buffer against SPDR S&P 500 ETF Trust losses of between 5% and 35%, from November 1, 2020 to October 31, 2021. The Fund invests at least 80% of its net assets in FLexible EXchange Options that reference the Underlying ETF.
Market Cap
N/A
View Company Details
Relevant filing section
Item 5.02(a) Departure of Directors or Certain Officers 


On February 10, 2023, Steven Warm, Jeannette Payne Steigerwald, and Nickolas S. Tabraue resigned from their position as a member of the Board of Directors for Earth Science Tech, Inc. (the "Company"). Their resignations were not from a result of any disagreement with the Company or any other entity or any matter relating to the operations, policies (including accounting or financial policies) or practices of the Company.

Item 5.02(b) Departure of Directors or Certain Officers 


On February 10, 2023, Nickolas S. Tabraue resigned from his role as the Company's Chief Executive Officer ("CEO"). His resignations were not from a result of any disagreement with the Company or any other entity or any matter relating to the operations, policies (including accounting or financial policies) or practices of the Company.

Item 5.02(d) Election of Certain Directors 


On February 13, 2023, a voting majority entitled by action without meeting of the Company's shareholders elected Jeff Cazeau as the Company's Independent Director of the Board. Cazeau will receive no compensation until the Company is cashflow positive for 3 consecutive bi-week payroll periods. Once the Company has achieved cashflow positive status, the Company's Board of Directors will renegotiate the Director's agreement.


Biological Information


Jeff P. H. Cazeau, - Age 55


Mr. Cazeau is an attorney whose practice areas have included Government Contracts, Lobbying and Municipal Law. Mr. Cazeau currently serves as the City Attorney for the City of North Miami. Prior to becoming City Attorney, Mr. Cazeau assisted clients in obtaining and keeping contracts with federal, state and local government entities. Mr. Cazeau is experienced in assisting small, minority and women owned businesses obtain various socio-economic certifications such as Disadvantaged Business Enterprise (DBE); Airport Concessions Disadvantaged Business Enterprise (ACDBE) certifications and SBA 8(a). Before attending law school, Mr. Cazeau served nine years as a commissioned officer in the United States Navy. During his naval career he held several positions including Anti-Submarine Warfare Officer, Legal Officer, and Navigator aboard USS ELLIOT (DD 967) and Politico-Military Affairs Officer at United States Southern Command (SOUTHCOM).

Item 5.02(c) Election of Certain Officers 


On February 13, 2023, the Board of Directors of the Company appointed Giorgio R. Saumat as the Company's CEO, succeeding Nickolas S. Tabraue by the Board of Directors. Saumat will receive no compensation until the Company is cashflow positive for 3 consecutive bi-week payroll periods. Once the Company has achieved cashflow positive status, the Company's Board of Directors will renegotiate the CEO's agreement.


Biological Information


Giorgio R. Saumat - Age 43


Mr. Saumat is an investor and entrepreneur with over 20 years of experience investing, operating, and consulting for private businesses and investors. Having graduated from Rutgers University in 2001 with an undergraduate degree in Economics and Political Science, he co-founded CASAU Group as a private equity group specializing in real estate. In 2009 he opened and invested in multiple locations of restaurants in the greater Miami Area, which he sold in 2013. He then founded POINT96 Consulting, to assist private businesses and accredited investors realize their personal and/or organizational objectives through unique strategic planning.