AITX: RAD President Mark Folmer Resigns, Effective May 10, 2024
Ticker: AITXD · Form: 8-K · Filed: Nov 19, 2025 · CIK: 1498148
| Field | Detail |
|---|---|
| Company | Artificial Intelligence Technology Solutions INC. (AITXD) |
| Form Type | 8-K |
| Filed Date | Nov 19, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: executive-change, resignation, leadership
TL;DR
**AITX's RAD subsidiary just lost its President, Mark Folmer, effective May 10, 2024.**
AI Summary
Artificial Intelligence Technology Solutions Inc. (AITX) filed an 8-K to announce the resignation of Mr. Mark Folmer as President of Robotic Assistance Devices, Inc. (RAD), a wholly-owned subsidiary, effective May 10, 2024. This matters to investors because Mr. Folmer was a key executive, and his departure could signal a shift in leadership or strategy within RAD, potentially impacting the subsidiary's future performance and AITX's overall valuation.
Why It Matters
The departure of a key executive like Mr. Folmer from a significant subsidiary could create uncertainty regarding future operational direction and leadership stability for AITX.
Risk Assessment
Risk Level: medium — The resignation of a key executive introduces uncertainty and potential disruption to the subsidiary's operations and strategic initiatives.
Analyst Insight
A smart investor would monitor AITX for announcements regarding Mr. Folmer's replacement and any potential strategic shifts at Robotic Assistance Devices, Inc., as leadership changes can impact subsidiary performance.
Key Players & Entities
- Artificial Intelligence Technology Solutions Inc. (company) — the filing company
- Mark Folmer (person) — President of Robotic Assistance Devices, Inc.
- Robotic Assistance Devices, Inc. (company) — wholly-owned subsidiary of AITX
- May 10, 2024 (date) — effective date of resignation
Forward-Looking Statements
- AITX will announce a new President for Robotic Assistance Devices, Inc. (Robotic Assistance Devices, Inc.) — medium confidence, target: Q3 2024
FAQ
Who resigned from Artificial Intelligence Technology Solutions Inc. (AITX)?
Mr. Mark Folmer resigned from his position as President of Robotic Assistance Devices, Inc., a wholly-owned subsidiary of Artificial Intelligence Technology Solutions Inc.
What was Mr. Mark Folmer's role?
Mr. Mark Folmer served as the President of Robotic Assistance Devices, Inc.
When was Mr. Folmer's resignation effective?
Mr. Folmer's resignation was effective on May 10, 2024.
Which entity is Robotic Assistance Devices, Inc. related to?
Robotic Assistance Devices, Inc. is a wholly-owned subsidiary of Artificial Intelligence Technology Solutions Inc.
What type of SEC filing is this document?
This document is an 8-K filing.
Filing Stats: 572 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2025-11-19 06:02:02
Filing Documents
- form8k.htm (8-K) — 17KB
- exhibit99-1.htm (EX-99.1) — 12KB
- exhibit99-1xu001.jpg (GRAPHIC) — 277KB
- 0001062993-25-016935.txt ( ) — 612KB
- aitx-20251119.xsd (EX-101.SCH) — 4KB
- aitx-20251119_cal.xml (EX-101.CAL) — 1KB
- aitx-20251119_def.xml (EX-101.DEF) — 22KB
- aitx-20251119_lab.xml (EX-101.LAB) — 45KB
- aitx-20251119_pre.xml (EX-101.PRE) — 24KB
- form8k_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On November 19, 2025, we will be issuing a press release titled "AITX's SARA Industry Education Efforts Continue at ISC East as the Company Strengthens Its Hold on Agentic AI Leadership", which press release is attached hereto as Exhibit 99.1. The information in this Current Report on Form 8-K with respect to Item 8.01 (including the press release attached hereto as Exhibit 99.1) is being furnished pursuant to Item 8.01 of Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. This current report on Form 8-K (including Exhibit 99.1) will not be deemed an admission as to the materiality of any information contained herein.
01. EXHIBITS
ITEM 9.01. EXHIBITS Exhibit No. Description 99.1 November 19, 2025 Press Release 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 19, 2025 ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC. /s/ Steven Reinharz Name: Steven Reinharz Title: Chief Executive Officer