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Posted 13 February, 2023

Bubblr Inc. appointed Stephen Morris as new CEO

OTC:BBLR appointed new Chief Executive Officer Stephen Morris in a 8-K filed on 13 February, 2023.


  On February 10, 2023, we appointed Stephen Morris as interim Chief Executive Officer and David Chetwood as Chief Financial Officer and Secretary of our company.  

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Overview of Bubblr Inc.
Retail/Wholesale • Wholesalers
Bubblr, Inc. develops mobile applications. It focuses on mobile technology that provides privacy to users, trust in online content, and sustainability to the digital marketplace. The firm provides digital mobile apps, next-generation mobile ecosystems and platforms, and partners with publishers to address challenges related to free online content, while protecting end-users from data harvesting and manipulation. The company was founded by Steve Morris on May 4, 1998 and is headquartered in New York, NY.
Market Cap
$5.05M
View Company Details
Bubblr Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Effective February 10, 2023, Matthew Loeb resigned as our Chairperson and member of our board of directors. There was no known disagreement with Mr. Loeb on any matter relating to our operations, policies or practices.


On February 10, 2023, we appointed Stephen Morris as interim Chief Executive Officer and David Chetwood as Chief Financial Officer and Secretary of our company.


The employment history for Mr. Morris is provided for in our Current Report on Form 8-K filed with the Securities and Exchange Commission on January 27, 2023, which is incorporated herein by reference.


Mr. Morris has material direct or indirect interests in transactions with us over the last two years, as provided for in our Current Report on Form 8-K filed with the Securities and Exchange Commission on January 27, 2023, which is incorporated herein by reference.


Mr. Chetwood has been retired from employment for the last 5 years. From 2004 to 2016, Mr. Chetwood was Chief Financial Officer of Westmont Industries Group (Advanced Ground Systems Engineering LLC).


Aside from that provided above, Mr. Chetwood does not hold and has not held over the past five years any other directorships in any company with a class of securities registered pursuant to Section 12 of the Exchange Act or subject to the requirements of Section 15(d) of the Exchange Act or any company registered as an investment company under the Investment Company Act of 1940.


On February 10, 2023, our board of directors approved an employment agreement in favor of our Chief Financial Officer, Mr. Chetwood. The description of the agreement provided below is qualified in its entirety by reference to the complete terms of the agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated by reference herein. Aside from the employment agreement, there are no material direct or indirect interests in transactions with us over the last two years.


The employment agreement with Mr. Chetwood provides that we will compensate him with a yearly salary of $180,000 to be increased to $360,000 upon securing $5m in capital. We also agreed to compensate Mr. Chetwood with 102,040 restricted shares of our common stock, upon successful completion of his initial period of 90 days. He is also entitled to health and vacation benefits and two-month severance if terminated for good cause of if he resigns for good reason in a constructive termination. Mr. Chetwood agreed to a two year non-solicit restrictive covenant.