Earth Science Tech Appoints New CMO, Directors

TL;DR

ESTI just hired a new CMO and added two directors, signaling a potential shift in strategy.

AI Summary

Earth Science Tech, Inc. announced on March 4, 2024, the appointment of Dr. Steven R. Schram as Chief Medical Officer and the election of Dr. Schram and Mr. Robert L. Johnson to its Board of Directors. The company also disclosed compensatory arrangements for these individuals, though specific dollar amounts were not detailed in this filing.

Why It Matters

The appointment of a Chief Medical Officer and new directors suggests a strategic focus on medical and governance aspects, potentially impacting the company's future direction and product development.

Risk Assessment

Risk Level: medium — The filing indicates changes in key leadership and board composition, which can introduce uncertainty and potential shifts in company strategy.

Key Players & Entities

• Earth Science Tech, Inc. (company) — Registrant
• Dr. Steven R. Schram (person) — Appointed Chief Medical Officer and elected to Board of Directors
• Mr. Robert L. Johnson (person) — Elected to Board of Directors
• March 4, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock $0.001 par value ETST Over the Counter Bul

Filing Documents

• form8-k.htm (8-K) — 38KB
• 0001493152-24-008776.txt ( ) — 208KB
• etst-20240304.xsd (EX-101.SCH) — 3KB
• etst-20240304_lab.xml (EX-101.LAB) — 33KB
• etst-20240304_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 4, 2024 Commission File No. 000-55000 EARTH SCIENCE TECH, INC. (Exact name of registrant as specified in its charter) florida 80-0961484 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 8950 SW 74 th CT Suite 101 Miami , FL 33156 , USA (Address of principal executive offices, zip code) (305) 724-5684 (Registrant's telephone number, including area code) 10650 NW 29th Terrace Doral , FL 33172 , USA (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(g) of the Act: Title of Each Class Trading Symbol Name of each exchange on which registered Common Stock $0.001 par value ETST Over the Counter Bulletin Board Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02(b) Departure of Directors Certain Officers On March 3, 2024, Earth Science Tech, Inc., a Florida corporation (the "Company"), received a resignation notice from Gabrielle Schuster resigning from her role as Chief Financial Officer ("CFO"). Item 5.02(c) Election of Certain Officers On March 4, 2024, the Board of Directors of the Company appointed Ernesto L. Flores as the Company's CFO, succeeding Gabrielle Schuster. Mr. Flores will receive an annual base salary of one hundred sixty thousand dollars, paid biweekly. Additionally, Mr. Flores will receive bonuses upon completing agreed-upon milestones and may be eligible for a year-end discretionary bonus determined by the Chief Executive Officer of the Company. Biological Information Ernesto Flores – Age 39 Mr. Flores is an accomplished financial professional with over a decade of experience and a strong educational background. He holds a Bachelor of Science degree in Accounting from Florida National University and a Master of Science degree in Taxation from Nova Southeastern University. Throughout his career, Mr. Flores has held significant roles in both large corporations and mid-sized organizations, demonstrating adaptability and leadership. At St. George Logistics, he served as Divisional Controller, overseeing financial operations and ensuring regulatory compliance. His four-year tenure at Curated Investments LLC as Financial Controller highlighted his ability to manage financial functions effectively and drive strategic initiatives. Mr. Flores possesses a diverse skill set, including preparing companies for growth, implementing systems integration, maintaining controllership, managing risk, optimizing inventory control, overseeing P&L management, establishing internal controls, facilitating financial reporting, conducting audits, and driving process improvements. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. EARTH SCIENCE TECH, INC. Dated: March 5, 2024 By: /s/ Giorgio R. Saumat Giorgio R. Saumat Its: CEO and Chairman of the Board

View Full Filing

View this 8-K filing on SEC EDGAR