Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On January 13, 2022, the Board of Directors ("Board") of Capstone Companies, Inc. ("Company") appointed George Wolf to serve as a non-executive director on the Board. Mr. Wolf will receive no compensation for services as a director, other than participation in any incentive compensation program or plan for non-executive directors.

There are no arrangements or understandings between Mr. Wolf and any other person, in each case, pursuant to which Mr. Wolf was appointed to serve on the Board. There are no family relationships between Mr. Wolf and any other director or any executive officer of the Company

The Company has an existing consulting agreement, dated July 1, 2015, and filed as Exhibit 10.17 to the Company's Form 10-K Annual Report for the fiscal year ended December 31, 2017, with Mr. Wolf for the provision of sales strategy and product development and presentation consulting services. Effective September 1, 2020, through December 31, 2020, payment for fifty percent or $6,875 of the monthly consulting fee or approximately $27,500 for the effective period, was deferred until 2021. The agreement can be terminated upon 30 days' notice by either party. The Company may, in its sole discretion at any time convert Mr. Wolf to a full-time Executive status. The annual salary and term of employment would be equal to that outlined in the consulting agreement.

The appointment of Mr. Wolf as a director was posted on the Companies website at www.capstonecompaniesinc.com, a copy of the post is attached as exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits





(d) Exhibits

Exhibit No. Exhibit Description

99.1 Capstone Companies, Inc. Post announcing appointment of George Wolf


            as a director.

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