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Posted 06 October, 2023

Digerati Technologies, Inc. appointed Craig K. Clement as new CEO

OTC:DTGI appointed new Chief Executive Officer Craig K. Clement in a 8-K filed on 06 October, 2023.


  On October 6, 2023, the Board of Directors of the Company (the "Board") appointed Craig K. Clement, the current Executive Chairman of the Company, as interim CEO during Mr. Smith's temporary medical leave of absence.  

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Overview of Digerati Technologies, Inc.
Telecommunication Services • Wired Telecommunications Services
Digerati Technologies, Inc. is a holding company, which engages in providing cloud telephony services. Its services include fully hosted IP/PBX, mobile applications, voice over Internet protocol (VoIP) transport, SIP trunking, and customized VoIP services. The company was founded in 1993 and is headquartered in San Antonio, TX.
Market Cap
$3.03M
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Digerati Technologies, 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. 


On October 6, 2023, Arthur L. Smith, the Chief Executive Officer ("CEO") of Digerati Technologies, Inc. (the "Company"), notified the Company that he will take a temporary medical leave of absence from his role as CEO, effective immediately, in connection with his recent surgery. 


On October 6, 2023, the Board of Directors of the Company (the "Board") appointed Craig K. Clement, the current Executive Chairman of the Company, as interim CEO during Mr. Smith's temporary medical leave of absence. 


Mr. Clement, age 65, has served as a member of the Board since 2014 and as Executive Chairman of the Company since 2015.


There are no arrangements or understandings between Mr. Clement and any other person pursuant to which Mr. Clement was appointed to serve as the interim CEO of the Company. There are no family relationships between Mr. Clement and any of the Company's directors or executive officers. Mr. Clement has no direct or indirect material interest in any existing or currently proposed transaction that would require disclosure under Item 404(a) of Regulation S-K.


The Board approved an increase in Mr. Clement's compensation by $2,500 a month during the period he serves as interim CEO of the Company.