AITX Subsidiary RAD President Mark Folmer Resigns, Effective May 24
Ticker: AITXD · Form: 8-K · Filed: Dec 18, 2025 · CIK: 1498148
| Field | Detail |
|---|---|
| Company | Artificial Intelligence Technology Solutions INC. (AITXD) |
| Form Type | 8-K |
| Filed Date | Dec 18, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: leadership-change, resignation, subsidiary, corporate-governance
TL;DR
**AITX's RAD subsidiary just lost its President, Mark Folmer, effective May 24th.**
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 24, 2024. This matters to investors because a key leadership change in a subsidiary could impact the company's operational stability and strategic direction, especially concerning its robotic security solutions.
Why It Matters
The departure of a subsidiary president can signal potential shifts in strategy or operations, which could affect the company's future performance and investor confidence.
Risk Assessment
Risk Level: medium — A leadership change in a key subsidiary introduces uncertainty regarding future operational execution and strategic direction.
Analyst Insight
Smart investors should monitor AITX for announcements regarding a replacement for Mr. Folmer and any potential strategic shifts at RAD, as leadership changes can impact future performance.
Key Players & Entities
- Artificial Intelligence Technology Solutions Inc. (company) — the filing company
- Mr. Mark Folmer (person) — resigning President of Robotic Assistance Devices, Inc.
- Robotic Assistance Devices, Inc. (company) — wholly-owned subsidiary of AITX
- May 24, 2024 (date) — effective date of resignation
FAQ
Who resigned from Artificial Intelligence Technology Solutions Inc.?
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. (RAD).
When is Mr. Mark Folmer's resignation effective?
Mr. Mark Folmer's resignation is effective as of May 24, 2024.
What is Robotic Assistance Devices, Inc. (RAD) in relation to Artificial Intelligence Technology Solutions Inc.?
Robotic Assistance Devices, Inc. (RAD) is a wholly-owned subsidiary of Artificial Intelligence Technology Solutions Inc.
Does the filing provide a reason for Mr. Folmer's resignation?
No, the 8-K filing does not provide a specific reason for Mr. Folmer's resignation.
Filing Stats: 547 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2025-12-18 06:03:34
Filing Documents
- form8-k.htm (8-K) — 38KB
- ex99-1.htm (EX-99.1) — 18KB
- 0001493152-25-028254.txt ( ) — 216KB
- aitx-20251218.xsd (EX-101.SCH) — 3KB
- aitx-20251218_lab.xml (EX-101.LAB) — 33KB
- aitx-20251218_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
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: December 18, 2025 ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC. /s/ Steven Reinharz Name: Steven Reinharz Title: Chief Executive Officer