SecureTech Innovations Reports Equity Sales & Officer Changes

TL;DR

SEC filing: SecureTech sold unregistered equity and changed execs/directors. Watch for dilution.

AI Summary

SecureTech Innovations, Inc. filed an 8-K on January 15, 2025, reporting on the unregistered sale of equity securities and changes in its board and officer composition. The filing also disclosed compensatory arrangements for certain officers. The company, previously known as Securetech, Inc., is incorporated in Wyoming and operates in the motor vehicle parts & accessories sector.

Why It Matters

This filing indicates potential dilution from equity sales and signals changes in corporate leadership, which could impact the company's strategic direction and investor confidence.

Risk Assessment

Risk Level: medium — Unregistered equity sales can lead to dilution and signal potential financial distress or a need for capital, while changes in leadership can introduce uncertainty.

Key Players & Entities

• SecureTech Innovations, Inc. (company) — Filer
• Securetech, Inc. (company) — Former company name
• January 14, 2025 (date) — Earliest event date
• January 15, 2025 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value SCTH OTC Pink Tier Indicat
• $1.00 — tatives. The common stock was valued at $1.00 per share. As of January 15, 2025, Sec

Filing Documents

• scth_form8k01152025.htm (8-K) — 35KB
• 0001017386-25-000003.txt ( ) — 200KB
• scth-20250114.xsd (EX-101.SCH) — 3KB
• scth-20250114_lab.xml (EX-101.LAB) — 33KB
• scth-20250114_pre.xml (EX-101.PRE) — 22KB
• scth_form8k01152025_htm.xml (XML) — 3KB

Forward-Looking Statements

Forward-Looking Statements This Form 8-K and other reports filed by SecureTech Innovations, Inc. (" SecureTech ") with the Securities and Exchange Commission (collectively, " Filings ") contain or may contain forward-looking statements and information based on our management's beliefs, current information, estimates, and assumptions. Words like 'believes,' 'estimates,' 'anticipates,' 'expects,' 'plans,' 'projects,' 'intends,' 'potential,' 'may,' 'could,' 'might,' 'will,' 'should,' 'approximately,' and similar expressions identify these forward-looking statements as they relate to our business or management. Such statements reflect our management's current view regarding future events and are subject to risks, uncertainties, assumptions, and other factors (including the risks described in the "Risk Factors" section of our Annual Report on Form 10-K) that relate to our industry, operations, and results. If these risks or uncertainties materialize or, if our assumptions prove incorrect, actual results may differ significantly from those anticipated in these forward-looking statements. While we believe the expectations reflected in these forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including US securities laws, we do not intend to update any forward-looking statements in this Form 8-K or elsewhere.

02

Item 3.02 Unregistered Sales of Equity Securities On January 14, 2025, SecureTech issued 322,448 shares of its common stock, with a par value of $0.001 per share, as an alternative to cash payments. These shares were used to settle outstanding accrued payroll and commissions owed to employees and independent sales representatives. The common stock was valued at $1.00 per share. As of January 15, 2025, SecureTech had no outstanding accrued payroll remaining. As of January 15, 2025, SecureTech had 78,409,329 shares of its common stock issued and outstanding.

.02

Item 5 .02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On January 14, 2025, SecureTech held a special Board of Directors meeting where Kao Lee resigned from his roles as President, Chief Executive Officer (CEO), Principal Executive Officer (PEO), and Director. Mr. Lee has been appointed and accepted the position of General Manager of Top Kontrol, our patent-protected anti-theft and anti-carjacking product line. The Board appointed J. Scott Sitra as the new President, CEO, and PEO, and he also joined the Board of Directors. Mr. Sitra, age 52, has over 37 years of professional experience in securities and global regulatory compliance. He has held senior positions in various public companies, guiding them through various phases of business, including early-stage formation, raising capital, establishing international supply chains, product development and launches, and pursuing merger & acquisition opportunities. Mr. Sitra's private consulting firm, Taurus Financial Partners, LLC (" Taurus "), has played a key role in supporting SecureTech's regulatory compliance since its inception, making him well-acquainted with the company's operations. 2 Before joining SecureTech, Mr. Sitra founded Taurus in 2010 as an international management and financial consulting firm specializing in taking private companies public on the US OTC marketplace and assisting clients in maintaining regulatory compliance with all applicable securities rules and business regulations. Mr. Sitra will concurrently serve as President and CEO of Taurus. Mr. Sitra plans to dedicate approximately 80% of his weekly business hours to SecureTech, estimating 35-40 hours per week. Mr. Sitra is not currently covered by an employment agreement or subject to a non-compete agreement that would survive the termination of his employment. He can terminate his relationship with us at any time without cause. Th

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. Dated: January 15, 2025 By: SECURETECH INNOVATIONS, INC. /s/ J. Scott Sitra President, Chief Executive Officer, Principal Executive Officer, and Director 3

View Full Filing

View this 8-K filing on SEC EDGAR