On June 15, 2021, Michael Kraft resigned as The Coretec Group Inc.'s Chief Executive Officer, effective immediately, in order to allow Matthew J. Kappers to take over in his place as the Company's Chief Executive Officer. Mr. Kraft will assume the role of President of the Company, effective June 15, 2021. On June 15, 2021, the Board of Directors of the Company appointed Matthew J. Kappers as a member of the Board of Directors of the Company, and as the Company's Chief Executive Officer, effective immediately. Mr. Kappers, age 56, was appointed as Chief Executive Officer and as member of the Board on June 15, 2021. Prior to joining the Company, Mr. Kappers was a Managing Director at Concordia Financial Group.