iQSTEL Inc. Files 2024 Definitive Proxy Statement

TL;DR

iQSTEL DEF 14A filed. Proxy materials for shareholders out.

AI Summary

iQSTEL Inc. filed its Definitive Proxy Statement (DEF 14A) on December 27, 2024, for the fiscal year ending December 31, 2024. The filing, which does not require a fee, outlines information for shareholders regarding company matters. iQSTEL Inc. is incorporated in Nevada and operates in the Telephone Communications sector.

Why It Matters

This filing provides shareholders with crucial information for upcoming votes and decisions, impacting corporate governance and future strategic direction of iQSTEL Inc.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) and does not contain new material financial information or strategic announcements that would inherently increase risk.

Key Players & Entities

• iQSTEL Inc. (company) — Registrant
• 0001663577-24-000307 (filing_id) — Accession Number
• 20241227 (date) — Filing Date
• 1231 (date) — Fiscal Year End
• NV (state) — State of Incorporation
• 300 ARAGON AVENUE, SUITE 375 (address) — Business Address
• CORAL GABLES (city) — Business Address City
• FL (state) — Business Address State
• 33134 (zip_code) — Business Address Zip
• PURESNAX INTERNATIONAL, INC. (company) — Former Company Name

FAQ

Filing Documents

• iqst_def14a2024.htm (DEF 14A) — 189KB
• image_001.gif (GRAPHIC) — 1KB
• image_001.jpg (GRAPHIC) — 1KB
• image_002.jpg (GRAPHIC) — 1KB
• image_007.jpg (GRAPHIC) — 44KB
• 0001663577-24-000307.txt ( ) — 256KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 13 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 16 INFORMATION REGARDING SECURITY HOLDERS 16 PROPOSAL NO. 2 RATIFICATION OF URISH POPECK AND CO LLC AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 18 REPORT OF THE AUDIT COMMITTEE 18 STOCKHOLDER PROPOSALS 19 OTHER MATTERS 19 HOUSEHOLDING 19 3 PROXY STATEMENT SUMMARY This summary highlights information contained elsewhere in this proxy statement. It does not contain all of the information you should consider, and you should read the entire proxy statement carefully before voting. References in this proxy statement to the “Company,” “iQSTEL,” “we,” “us,” and “our” refer to iQSTEL Inc., a Nevada company and its subsidiaries. This proxy statement, form of proxy and the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 are being distributed and made available to our stockholders on or about January 6, 2025. Our principal executive offices are located at 300 Aragon Avenue, Suite 375, Coral Gables, FL 33134. Annual Meeting Information Date and Time: Friday, January 31, 2025 at 10:00 a.m., Eastern Daylight Time Meeting Access: Live Webcast: www.virtualshareholdermeeting.com/IQST2025 Record Date: December 23, 2024 Voting: Common stockholders have one vote per share on all matters presented at the annual meeting. Series A Preferred stockholders are entitled to vote together with the holders of our common stockholders on all matters submitted to stockholders at a rate of 51% of the total vote of stockholders. The annual meeting will be a virtual meeting conducted via live webcast. You will be able to attend the annual meeting and vote your shares electronically during the meeting by visiting www.virtualshareholdermeeting.com/IQST2025 . The annual meeting format will be a live audio webcast where you can view presentation materials made available online. There will

financial statements with management and the independent auditors;

financial statements with management and the independent auditors; • Review and discuss with management the Company’s earnings press releases; • Discuss Company policies and practices with respect to risk assessment and risk management; • Establish procedures for (i) the receipt, retention and treatment of complaints received by the Company regarding accounting, internal accounting controls or auditing matters, and (ii) the confidential, anonymous submission by Company employees of concerns regarding questionable accounting or auditing matters; and • Review related party transactions 11 On November 17, 2022, we authorized the creation of a Compensation Committee. The Compensation Committee’s responsibilities, which are discussed in detail in its Charter, include the following: • In consultation with our senior management, establish our general compensation philosophy and oversee the development and implementation of our compensation programs; • Recommend the base salary, incentive compensation and any other compensation for our Chief Executive Officer to the Board of Directors and review and approve the Chief Executive Officer’s recommendations for the compensation of all other officers of our company and its subsidiary; • Administer our incentive and stock-based compensation plans, and discharge the duties imposed on the Compensation Committee by the terms of those plans; • Review and approve any severance or termination payments proposed to be made to any current or former officer of our company; and • Perform other functions or duties deemed appropriate by the Board of Directors. The Committee is comprised of Raul Perez, Jose Antonio Barreto, and Italo Segnini, with Mr. Segnini serving as Chairperson. Section 16(a) Beneficial Ownership Reporting Compliance Section 16(a) of the Exchange Act requires our directors and executive officers and persons who beneficially own more tha

View Full Filing

View this DEF 14A filing on SEC EDGAR