KRONOS ADVANCED TECHNOLOGIES INC appointed Mr. Julius Toth as new CEO

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On February 15, 2020, Kronos Advanced Technologies, Inc. announced that its Board of Directors elected Mr. Vyacheslav Abramov to serve as Director and Chairman of the Board of Directors, effective upon commencement of his employment with KNOS. Mr. V. Abramov is accomplished scientist, academic and a thought-out lecturer who is specializing in applied mathematics, statistics & probability theories. Mr. Abramov has been active as director in multiple hi-tech companies private and public. Mr. Abramov holds a PhD in mathematics from Tel-Aviv University, Israel


On February 16, 2020, Kronos Advanced Technologies, Inc. announced that its Board of Directors elected Mr. Michael Rubinov to serve as a member of its Board of Directors and appointed him President, CEO and Secretary of KNOS, effective upon commencement of his employment with KNOS.


Mr. Rubinov has been an executive in the hi-tech industry for the last 20 years and served in various business roles with global companies Intel, Boeing, NICE Systems as well as with start-up companies in fintech, cyber and telecom markets. Mr. Rubinov holds BSEE (from NYIT), MsCS (Stevens Institute of Technology) and MBA from UK Bradford School of Management.


March 3, 2020, Kronos Advanced Technologies, Inc. announced that its Board of Directors appointed Mr. Julius Toth to servs as CEO and CMO (Chief Marketing Officer). Mr. Toth employment with the Company has been terminated effective October 3,2020 due to him deciding to pursue other opportunities. There were no disagreements between Mr. Toth and the Company. In addition, effective October 3, 2020, Mr. Toth is no longer an officer or director of the Company.


On May 11, 2020, Kronos Advanced Technologies, Inc. announced that its Board of Directors elected Mary Taylor as an independent Director. Mary Taylor is a certified public accountant and, prior to her political career, spent 16 years in the private sector, including 12 years with Bober Markey Fedorovich, an Akron-based CPA and advisory firm. Her political background includes being on the Green City Council as well as being elected to the Ohio General Assembly and subsequently to serve as the Ohio state auditor in 2006. She also served as the 65th lieutenant governor of Ohio from 2011 to 2019. She was most recently a candidate in the Republican Party primary for Governor of Ohio in the 2018 election. Mary has two degrees from the University of Akron.


On May 26, 2020, Kronos Advanced Technologies, Inc. announced that its Board of Directors appointed Mr. Joseph Florence to serve as Chief Transformation officer (CTO) and Chief Operations Officer (COO) of KNOS, effective upon commencement of his employment with KNOS.


Prior to joining Kronos, Florence worked more than 30 years in custom electronics manufacturing, as an owner/founder, as well as running several manufacturing and supply chain solution companies. He was awarded Ernst and Young's WV Entrepreneur of the Year. Most recently, he directed a 200-person domestic manufacturing technology company directed toward the supply chain globalization of America while improving market share and profitability. President / CEO / Chairman of the Board Twenty-five years of experience in entrepreneurial middle-market businesses. Complete understanding of all levels of business processes and operations. Successfully lead companies as Chairman of the Board, ensuring the clear communication of strategic plans and any associated company risks to all stakeholders. Gifted at executive recruitment and retention.


Market Development: Experienced, Sales Focused Company President having a complete understanding of all-encompassing requirements to ensure continued sales growth without compromising company ethics, profits, product quality, or customer satisfaction. Twenty-five years of Presidential experience having the sole responsibility of approving company sales strategies and executions, resulting in a lifetime of company revenues exceeding $200 million. Skilled at motivating and controlling the unique personalities associated with both domestic and international sales force.


Financial Management: Experienced middle-market Company Chief Financial Officer (CFO) and Treasurer. Successfully funded and provided ongoing financing through both private equity offerings and debt obligations for six companies. Skilled at financial management and cash management with a complete understanding of debt financing of middle-market companies. Expert at developing financial projections. Twenty-five years of Profit and Loss (P&L) responsibility.


Product Development: Co-Developed new internal engineering design methodologies for Fortune 100 defense contractor, focused on embedding manufacturing involvement into the design process. Achieved 40%-unit production cost savings. Twenty-five years of experience applying these methodologies to custom processes and products. Successfully conceptualized, designed, manufactured in China, and licensed patents for several consumer products.


Supply Chain Expert: Complete understanding of the Supply Chain process, including quoting, negotiating with vendors, and development of Lean, effective internal controls. Developed new processes, including MRP share, with key suppliers resulting in a 60% reduction in personnel.


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