Posted 05 December, 2023
Hero Technologies Inc. appointed Destiny Aigbe as new CEO
OTC:HENC appointed new Chief Executive Officer Destiny Aigbe in a 8-K filed on 05 December, 2023.
Effective November 22, 2023, Destiny Aigbe, was appointed as Chief Executive Officer and sole director in Board of Directors (the "Board") of Hero Technologies Inc. (the "Company").
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Overview of Hero Technologies Inc.
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Hero Technologies, Inc. is a holding company that specializes in innovative artificial intelligence solutions. The firms mission is to take software to a new level of self-learning.It develops cutting-edge software applications that utilize advanced AI algorithms to enhance personalization and user convenience. In addition to software development, it also acquires revenue-generating companies in the IT, software, and technology hardware and manufacturing industries. The company was founded on May 14, 2004 and is headquartered in Dover, DE.Market Cap
$3.89M
View Company Details
$3.89M
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Departure of Directors or Certain Officers On November 21, 2023, Gina Serkasevich resigned from the positions of Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of Hero Technologies Inc. (the "Company") effective as of November 21, 2023. Appointment of Chief Executive Officer and New Director. Effective November 22, 2023, Destiny Aigbe, was appointed as Chief Executive Officer and sole director in Board of Directors (the "Board") of Hero Technologies Inc. (the "Company"). Mr. Aigbe will provide professional services concerning strategy, analysis, and other managerial services for the Company as it raises funds and deploys capital to grow its vertically integrated artificial intelligence (AI) business and operates these businesses. On November 22, 2023, the Company entered into an employment agreement (the "Agreement") with Mr. Aigbe for his service as Director and Chief Executive Officer. The Agreement provides that Mr. Aigbe's compensation will consist of a)$10,000 per month, payable on the first of each calendar month, and b) 20% of the Company's revenue or cash flow, whichever is higher revenue or cash flow could be calculated based on the Company's filed Quarterly Reports and paid on a quarterly basis within 45 days of the conclusion of each fiscal quarter or immediately, when cash flow hits the bank account of Hero Technologies Inc. or a subsidiary, and c) $300,000 worth of stock of Hero Technologies Inc., every year, trading under the ticker symbol "HENC" on the OTC Markets subject to the lock-up/leak-out terms. There are no arrangements or understandings between Mr.Aigbe and any other person pursuant to which he was selected as a director, and there are no transactions related to the Company in which Mr. Aigbe has an interest requiring disclosure under Item 404(a) of Regulation S-K. The foregoing description of the Agreement and/or compensation terms are qualified in their entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
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