Rainmaker Worldwide Inc. Announces Board and Executive Changes
Ticker: RAKR · Form: 8-K · Filed: Jun 21, 2024 · CIK: 1872292
| Field | Detail |
|---|---|
| Company | Rainmaker Worldwide Inc. (RAKR) |
| Form Type | 8-K |
| Filed Date | Jun 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, corporate-governance
Related Tickers: RMWW
TL;DR
Board shakeup and exec comp changes at Rainmaker Worldwide Inc. (RMWW) - filing details inside.
AI Summary
Rainmaker Worldwide Inc. announced on June 21, 2024, a change in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key personnel. Specific details regarding the individuals involved and the financial implications of these changes are outlined within the report.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, operational focus, or financial health, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal restructuring or strategic shifts that may carry inherent risks.
Key Players & Entities
- Rainmaker Worldwide Inc. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- June 21, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the departure of directors or officers?
The filing indicates changes related to the 'Departure of Directors or Certain Officers' but does not specify the exact roles vacated in the provided text.
Who are the newly elected directors?
The filing mentions the 'Election of Directors' as an item of report but does not list the names of the newly elected directors in the provided text.
What are the details of the compensatory arrangements for certain officers?
The filing notes 'Compensatory Arrangements of Certain Officers' as an item but does not provide specific details on these arrangements in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on June 21, 2024.
What is the principal executive office address for Rainmaker Worldwide Inc.?
The principal executive office address for Rainmaker Worldwide Inc. is 271 Brock Street, Peterborough, Ontario, Canada, K9H 2P8.
Filing Stats: 469 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-06-21 15:36:29
Filing Documents
- form8-k.htm (8-K) — 34KB
- 0001493152-24-024707.txt ( ) — 199KB
- rakr-20240621.xsd (EX-101.SCH) — 3KB
- rakr-20240621_lab.xml (EX-101.LAB) — 33KB
- rakr-20240621_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): June 21, 2024 RAINMAKER WORLDWIDE INC. (Exact name of registrant as specified in its charter) Nevada 000-56311 82-4346844 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 271 Brock Street , Peterborough , Ontario Canada K9H 2P8 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (877) 334-3820 Not Applicable (Former name or former address, if changed since last report.) 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 (see General Instruction A.2. below): Written communications 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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Ticker symbol(s) Name of each exchange on which registered N/A N/A N/A 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 mart 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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 16, 2024, Dr. Mamdouh Shoukri, a member of the Board of Directors of Rainmaker Worldwide Inc. (the "Company"), notified the Company of his intention to retire from the Company's Board of Directors for personal reasons, effective June 16, 2024. Dr. Shoukri did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices. At this time, Dr. Shoukri will not be replaced. Effective upon Dr. Shoukri's resignation as a director, the size of the Company's Board of Directors will be reduced from three to two directors. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. RAINMAKER WORLDWIDE INC. Dated: June 21, 2024 By: /s/ Michael O'Connor Name: Michael O'Connor Title: President, Chief Executive Officer and Interim Chief Financial Officer