UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Himalaya Technologies, Inc. is referred to herein as “Himalaya”, “we”, “us”, or “the Company”.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 22, 2024, we appointed John Conklin to the position of Chief Operating Officer and to our Board of Directors. As part of our employment agreement, we have signed Mr. Conklin to a four-year employment agreement with cash compensation of $7,500 cash per month with potential semi-annual bonuses of $5,000 cash, issuance of 160,000 Restricted Series B Preferred shares today, issuance of 40,000 Restricted Series B Preferred shares on 12/31/2024, and semi-annual issuances of 1,000 Restricted Series B Preferred shares for the term of his employment.
With over 40 years of business development, operations, industrial process, renewable and alternative energy, and building envelope experience, Mr. Conklin has consulted on and overseen technical processes, business management and administration and advised on mergers and acquisitions for numerous private and public companies ranging from start-ups to Fortune 500 companies. His strategic business planning and development work includes evaluation and analysis of energy technologies and markets and the review, analysis of, and funding of energy technologies for specific applications. Among other distinctions, Mr. Conklin has a B.S. from the Rochester Institute of Technology (RIT) Summa Cum Laude Honors of Distinction and M.Sc. with Honors from RIT. He has invented or co-invented more than eighteen patent filings (2010 – 2020) and developed more than 20 Trademark filings.
A press release with additional information on our employment of John Conlin is included herein as Exhibit 99.1.
Item 7.01 Regulation FD Disclosure.
We have offered to license the intellectual property of and partner with a provider of artificial intelligence and Internet of Things enabled services that monitor commercial and government buildings for water damage and humidity/mold to prevent and mitigate property and business interruption damages that total an estimated $10 billion per year nationwide. We intend to agree to terms by July 26, 2024 and close the agreement shortly thereafter to coincide with the end of our fiscal year on July 31, 2024, though there can be no assurances such a license will become effective in the future.
Exhibit No. | Description | |
10.1 | Himalaya Technologies, Inc. John Conklin Employment Agreement – 07/22/2024 | |
99.1 | Himalaya Technologies, Inc. Press Release – 07/22/2024 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HIMALAYA TECHNOLOGIES, INC. | ||
Date: July 22, 2024 | By: | /s/ Vikram Grover |
Vikram Grover | ||
Chief Executive Officer |