UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 10, 2025, we appointed Mr. Anand Ijju, as our Chief Technology Officer (CTO). Mr. Ijju’s employment with the Company will begin on May 1, 2025. Mr. Ijju entered into a three-year agreement with the Company.
Mr. Ijju is a seasoned technology executive with over two decades of experience in building and scaling global technology companies. As an Executive Vice President of ProKarma (Concentrix), he played a pivotal role in growing the IT solutions firm to a $1.5 billion enterprise before its successful exit. Anand has held executive technology leadership positions in high-growth organizations, where he has driven innovation in artificial intelligence, data engineering, and scalable cloud infrastructures. His strategic vision and technical expertise have been instrumental in launching and expanding AI-driven products on a global scale. Currently, Anand serves as the Chief Technology Officer at Healthcare Integrated Technologies (OTC: HITC), operating under www.SafeSpaceGlobal.AI, where he leads the development of ambient AI software solutions aimed at enhancing safety and monitoring in healthcare facilities and other environments.
As compensation, the Company agreed to pay Mr. Ijju an annual salary of $150,000 and Mr. Ijju is entitled to discretionary bonuses as may be awarded from time to time by the Company’s Board of Directors. As additional compensation the Company granted Mr. Ijju a stock grant of 500,000 shares of the Company’s common stock. The stock grant shall be non-qualified and shall become vested as follows:
166,666 shares shall vest on May 1, 2026
166,667 shares shall vest on May 1, 2027
166,667 shares shall vest on May 1, 2028
Mr. Ijju is entitled to participate in any employee benefit plans, programs and arrangements of the Company in effect during the engagement period which are generally available to other senior executives of the Company (including, without limitation, group medical insurance plans, life insurance plans, and 401(k) plans), subject to and on a consistent basis with the terms, conditions and overall administration of such plans, programs and arrangements.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. | Description | |
10.1 | Employee Chief Technology Officer Employment Agreement with Anand Ijju dated May 1, 2025 | |
10.4 | Cover Page Interactive Data File (embedded in the inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
Healthcare Integrated Technologies Inc. | ||
Date: April 10, 2025 | By: | /s/ Scott M. Boruff |
Scott M. Boruff | ||
Chief Executive Officer |