MITESCO, INC. Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
OnDecember 31, 2020 , the Compensation Committee of the Board of Directors ofMitesco, Inc. approved theMitesco Inc. 2021Omnibus Securities and Incentive Plan, or the "2021 Plan". The 2021 Plan provides for the grant of incentive stock options, nonstatutory stock options, restricted stock awards, restricted stock unit awards, stock appreciation rights, performance stock awards, performance cash awards, and other stock-based awards, collectively, the "stock awards." Stock awards may be granted under the 2021 Plan to our employees, directors and consultants.
The 2021 Plan is filed with this report as Exhibit 10.1 and is incorporated herein by reference. The foregoing description is subject to, and qualified in its entirety by, the 2021 Plan.
Compensation for Officers, Directors and others to be included under the
OnDecember 29, 2020 the Board of Directors approved the following new issuances of stock options, and modified previously certain approved issuances for officers, members of the Board of Directors and consultants, with the intent that these will be included in a Form S-8 filing of the 2021 Plan: Initial Schedule Changes Option Number of Initial Revised of as of Expiration Number of Vested Exercise Exercise Issue date Director Vesting 12.28.20 Date Options Options Price Price Fully 2/27/2020 Ron Riewold 6 mo. Vested 2/27/2030 166,667 166,667$ 0.05 $ 0.03 Fully 2/27/2020 Ron Riewold 3 yrs. Vested 2/27/2030 833,333 833,333$ 0.05 $ 0.03 12/28/2020 Ron Riewold Immediate New 12/27/2030 100,000 100,000$ 0.03 $ Fully 2/27/2020 Tom Brodmerkel 6 mo. Vested 2/27/2030 166,667 166,667$ 0.05 $ 0.03 Fully 2/27/2020 Tom Brodmerkel 3 yrs. Vested 2/27/2030 833,333 833,333$ 0.05 $ 0.03 12/28/2020 Tom Brodmerkel Immediate New 12/27/2030 100,000 100,000$ 0.03 $ Fully 2/27/2020 Lawrence Diamond 6 mo. Vested 2/27/2030 250,000 250,000$ 0.05 $ 0.03 Fully 2/27/2020 Lawrence Diamond 3 yrs. Vested 2/27/2030 1,250,000 1,250,000$ 0.05 $ 0.03 12/28/2020 Lawrence Diamond Immediate New 12/27/2030 1,000,000 1,000,000$ 0.03 $ Fully 6/1/2020 Faraz Naqvi 6 mo. Vested 5/31/2030 333,333 333,333$ 0.05 $ 0.03 Fully 6/1/2020 Faraz Naqvi 13-36 mo. Vested 5/31/2030 666,667 666,667$ 0.05 $ 0.03 12/28/2020 Faraz Naqvi Immediate New 12/27/2030 100,000 100,000$ 0.03 $ Fully 8/1/2020 Juan Carlos Iturregui 6 mo. Vested 7/31/2030 333,333 333,333$ 0.05 $ 0.03 Fully 8/1/2020 Juan Carlos Iturregui 13-36 mo. Vested 7/31/2030 666,667 666,667$ 0.05 $ 0.03 12/28/2020 Juan Carlos Iturregui Immediate New 12/27/2030 100,000 100,000$ 0.03 $
--------------------------------------------------------------------------------
Item 7.01 Regulation FD Disclosure.
OnJanuary 21, 2021 the Company issued a press announcing the opening of its first unit ofThe Good Clinic subsidiary located at Nordhaus, a development of Lennar Corporation inMinneapolis, Minnesota .
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information presented in Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 is being furnished and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise be subject to the liabilities of that section, nor is it incorporated by reference into any filing of the Company, under the Securities Act of 1933, or the Securities Exchange Act of 1934, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description 10.01Mitesco Inc. 2021Omnibus Securities and Incentive Plan 99.1 Press release datedJanuary 21, 2021 regarding "The Good Clinic " operations
--------------------------------------------------------------------------------
© Edgar Online, source
