Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On May 2, 2023, the Board Directors appointed Rashaun Williams as a director of
the Company to fill the vacancy resulting from the unexpected passing of Mr.
Vincent Stewart, the former Chairman of the Board of Directors. Mr. Williams'
initial term will expire on the date of the third annual meeting of the
stockholders. Mr. Williams will not receive any cash compensation for services
rendered as a director of the Company.
Rashaun Williams is a venture capitalist, family office investor and adjunct
professor with over 150 investments under his belt and over 40 exits. Mr.
Williams is currently a general partner in the MVP All-Star Fund, a late stage
tech fund; a private equity investor out of his family office Value Investment
Group and adjunct professor at Morehouse College. He co-founded venture capital
fund Queensbridge Venture Partners where he was an early investor in companies
like Robinhood, Coinbase, Casper, Ring, PillPack, Lyft & Dropbox. Over the last
twenty years he has been primarily responsible for bringing capital to emerging,
diverse and alternative markets while working at Wall Street firms such as
Goldman Sachs, Wachovia Securities & Deutsche Bank. In 2007 he founded Dixsville
Partners, a private equity fund investing in infrastructure development and
mineral companies in West Africa. Mr. Williams has successfully started,
invested in and exited several companies. With a passion for financial literacy
and entrepreneurship Mr. Williams founded the Kemet Institute in 2001, a
non-profit focused on providing free financial literacy, entrepreneurship and
life skills classes to under-served communities and schools. In 2015 he was
appointed to the Board of Trustees for Fisk University. He is a member of Kappa
Alpha Psi, Inc. and summa cum laude graduate of Morehouse College.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated May 5, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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