UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 7, 2024 (October 4, 2024)
CORRELATE ENERGY CORP. |
(Exact name of registrant as specified in its charter) |
Nevada |
| 000-30746 |
| 84-4250492 |
(State or other jurisdiction |
| (Commission |
| (IRS Employer |
of incorporation) |
| File Number) |
| Identification No.) |
176 S. Capitol Blvd., 2nd Floor |
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Boise, Idaho |
| 83702 |
(Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code: (855) 264-4060
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANAGEMENTS OF CERTAIN OFFICERS
On October 4, 2024, the Company received the resignation of Todd Michaels as CEO, however, Mr. Michaels shall remain as the President of the Company until October 31, 2024. On October 4, 2024, the Company’s board of directors appointed Flaviu Forgaciu, a member of the Company’s board of directors, to fill the role of CEO. Mr. Michaels resignation as the Company’s CEO was not the result of any disagreement with the practices, policies or operations of the Company. In connection with Mr. Michaels resignation as CEO, and as President to be effective on October 31, 2024, the Company and Mr. Michaels entered into the separation agreement and mutual general release agreement attached hereto as Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Separation Agreement and Mutual General Release dated October 4, 2024 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
| CORRELATE ENERGY CORP. |
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Dated: October 7, 2024 | By: | /s/ Flaviu Forgaciu |
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| Name: | Flaviu Forgaciu |
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| Title: | CEO |
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