x

Posted 20 December, 2023

SensaSure Technologies, Inc. appointed Mr. Hiza as new CEO

OTC:SSTC appointed new Chief Executive Officer Mr. Hiza in a 8-K filed on 20 December, 2023.


  Simultaneously, the Board appointed Mr. Hiza as the Chief Executive Officer of the Company, effective immediately, to serve until the meeting of the Board in which his successor is duly elected and qualified.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of SensaSure Technologies, Inc.
None • None
None
Market Cap
N/A
View Company Details
SensaSure 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 December 15, 2023, the sole member of the Board of Directors (the "Board") of SensaSure Technologies Inc. (the "Company") appointed James Hiza to serve as a director of the Board, effective immediately, to hold office until the next annual meeting of shareholders of the Company at which directors are being elected or as set forth in the Company's bylaws. Simultaneously, the Board appointed Mr. Hiza as the Chief Executive Officer of the Company, effective immediately, to serve until the meeting of the Board in which his successor is duly elected and qualified.


Mr. Hiza, age 54, began his career as a certified public accountant and went on to spend 15 years managing investment portfolios for small businesses and individuals. He was most recently the Vice President of Asset Management at Verde Bio Holdings, Inc. ("Verde"), where he was responsible for oil and gas royalty acquisitions and portfolio evaluation and monitoring. Prior to joining Verde, Mr. Hiza served as a Managing Partner for Lighthouse Energy Partners for 13 years and a Managing Partner for Compass Strategies for 5 years, where he focused his practice in advanced tax planning for small business owners and their advisors.


There are no other arrangements or understandings between Mr. Hiza and any other persons pursuant to which he was appointed as a member of the Board. There are also no family relationships between any of the Company's directors or officers and Mr. Hiza. There are no related party transactions involving Mr. Hiza that are reportable under Item 404(a) of Regulation S-K.


Further, on December 15, 2023, Clarence Chan resigned as the Chief Executive Officer, Chief Financial Officer, and Director of the Company, effective immediately. Mr. Chan's resignation was not because of a disagreement with the Company on any matter relating to the Company's operations, policies, or practices.


1