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Friday, July 31, 2015 11:17:36 PM
29-Jul-2015
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 23, 2015, Global Fashion Technologies, Inc., a Nevada corporation (the "Company") and Thomas H. Witthuhn entered into a separation agreement as a result of which Mr. Witthuhn is no longer an employee of the Company. In addition, the separation agreement includes resignations of Mr. Witthuhn from his positions as the Secretary of Company and a director of the Company effective May 15, 2015. Mr. Witthuhn's decision to resign is solely to pursue other business opportunities and did not involve any disagreement with the Company, the Company's management or the Board of Directors. Mr. Witthuhn did not serve on any committees of the Board of Directors.
The Board of Directors of the Company (the "Board") has appointed Omar Barrientos, a Director of the Company and the Company's former Secretary, as the Company's new Secretary.
Mr. Barrientos will not be receiving any compensation at this time for serving as Secretary of the Company. There are no arrangements or understandings between Mr. Barrientos and any other person pursuant to which he was selected as an officer. Mr. Barrientos does not have any family relationship with any director or other officer of the Company, and there are no transactions in which Mr. Barrientos has an interest requiring disclosure under Item 404(a) of Regulation S-K.
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